Start-Up Costs and Fees |
||
| Team Spirit Fitness Centers | Planet Fitness | |
| Investment | 69000 - 69000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 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 |
||
| Team Spirit Fitness Centers | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Team Spirit Fitness Centers | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Team Spirit Fitness Centers | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 5 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 | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Team Spirit Fitness Centers | 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 | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
| Franchise Fee | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
| Royalty Fee | |
| Team Spirit Fitness Centers | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Team Spirit Fitness Centers | |
| Planet Fitness | 9% |
| Year Founded | |
| Team Spirit Fitness Centers | 2002 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Team Spirit Fitness Centers | 2004 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Team Spirit Fitness Centers | 5 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Team Spirit Fitness Centers | No |
| Planet Fitness | No |
| Start-up Costs | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
| Equipment | |
| Team Spirit Fitness Centers} | |
| Planet Fitness | |
| Inventory | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
| Receivables | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
| Payroll | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Team Spirit Fitness Centers | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Team Spirit Fitness Centers | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Team Spirit Fitness Centers | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Team Spirit Fitness Centers | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
| 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 | |
| Team Spirit Fitness Centers | |
| 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 | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |
| International Expansion | |
| Team Spirit Fitness Centers | |
| Planet Fitness | |