Start-Up Costs and Fees |
||
| Total Health & Fitness | Planet Fitness | |
| Investment | 68000 - 92300 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 0 | 1992 |
| Year Franchised | 0 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Total Health & Fitness | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Total Health & Fitness | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Total Health & Fitness | 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 |
||
| Total Health & 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 | |
| Total Health & Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| Total Health & Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| Total Health & Fitness | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Total Health & Fitness | |
| Planet Fitness | 9% |
| Year Founded | |
| Total Health & Fitness | 0 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Total Health & Fitness | 0 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Total Health & Fitness | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Total Health & Fitness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Total Health & Fitness | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Total Health & Fitness | |
| Planet Fitness | |
| Start-up Costs | |
| Total Health & Fitness | |
| Planet Fitness | |
| Equipment | |
| Total Health & Fitness} | |
| Planet Fitness | |
| Inventory | |
| Total Health & Fitness | |
| Planet Fitness | |
| Receivables | |
| Total Health & Fitness | |
| Planet Fitness | |
| Payroll | |
| Total Health & Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Total Health & Fitness | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Total Health & Fitness | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Total Health & Fitness | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Total Health & Fitness | |
| 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 | |
| Total Health & 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 | |
| Total Health & Fitness | |
| Planet Fitness | |
| International Expansion | |
| Total Health & Fitness | |
| Planet Fitness | |