Start-Up Costs and Fees |
||
| Star Lady Fitness | Planet Fitness | |
| Investment | 33500 - 33500 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | $2/member | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2003 | 1992 |
| Year Franchised | 2003 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Star Lady Fitness | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Star Lady Fitness | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Star Lady Fitness | Planet Fitness | |
| Training | At franchisee's location: 3-4 days | * 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 | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 2 - 2 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Star Lady Fitness | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Star Lady Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| Star Lady Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| Star Lady Fitness | $2/member |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Star Lady Fitness | |
| Planet Fitness | 9% |
| Year Founded | |
| Star Lady Fitness | 2003 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Star Lady Fitness | 2003 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Star Lady Fitness | 5 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Star Lady Fitness | $1,000 |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Star Lady Fitness | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Star Lady Fitness | |
| Planet Fitness | |
| Start-up Costs | |
| Star Lady Fitness | |
| Planet Fitness | |
| Equipment | |
| Star Lady Fitness} | |
| Planet Fitness | |
| Inventory | |
| Star Lady Fitness | |
| Planet Fitness | |
| Receivables | |
| Star Lady Fitness | |
| Planet Fitness | |
| Payroll | |
| Star Lady Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Star Lady Fitness | At franchisee's location: 3-4 days |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Star Lady Fitness | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Star Lady Fitness | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Star Lady Fitness | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 2 - 2 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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 | |
| Star Lady Fitness | |
| 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 | |
| Star Lady Fitness | |
| Planet Fitness | |
| International Expansion | |
| Star Lady Fitness | |
| Planet Fitness | |