Start-Up Costs and Fees |
||
| Smart for Life | Planet Fitness | |
| Investment | 0 - 0 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2002 | 1992 |
| Year Franchised | 2004 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Smart for Life | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Smart for Life | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Smart for Life | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | |
| Operations | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Smart for Life | Planet Fitness | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Smart for Life | |
| Planet Fitness | |
| Franchise Fee | |
| Smart for Life | |
| Planet Fitness | |
| Royalty Fee | |
| Smart for Life | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Smart for Life | |
| Planet Fitness | 9% |
| Year Founded | |
| Smart for Life | 2002 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Smart for Life | 2004 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Smart for Life | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Smart for Life | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Smart for Life | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Smart for Life | |
| Planet Fitness | |
| Start-up Costs | |
| Smart for Life | |
| Planet Fitness | |
| Equipment | |
| Smart for Life} | |
| Planet Fitness | |
| Inventory | |
| Smart for Life | |
| Planet Fitness | |
| Receivables | |
| Smart for Life | |
| Planet Fitness | |
| Payroll | |
| Smart for Life | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Smart for Life | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Smart for Life | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Smart for Life | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Smart for Life | |
| Planet Fitness | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Smart for Life | |
| Planet Fitness | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Smart for Life | 0 |
| Planet Fitness | |
| International Expansion | |
| Smart for Life | |
| Planet Fitness | |