Start-Up Costs and Fees |
||
| Beverly Hills Weight Loss and Wellness | Planet Fitness | |
| Investment | 64000 - 96000 | 968100 - 4113000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 1988 | 1992 |
| Year Franchised | 1989 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Beverly Hills Weight Loss and Wellness | Planet Fitness | |
| Experience | General business experience Marketing skills Sales experience | |
Financing Options |
||
| Beverly Hills Weight Loss and Wellness | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Beverly Hills Weight Loss and Wellness | Planet Fitness | |
| Training | Ongoing training | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 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 |
||
| Beverly Hills Weight Loss and Wellness | 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
| Franchise Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
| Royalty Fee | |
| Beverly Hills Weight Loss and Wellness | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | 9% |
| Year Founded | |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Beverly Hills Weight Loss and Wellness | No |
| Planet Fitness | No |
| Start-up Costs | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
| Equipment | |
| Beverly Hills Weight Loss and Wellness} | |
| Planet Fitness | |
| Inventory | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
| Receivables | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
| Payroll | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Beverly Hills Weight Loss and Wellness | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 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 | |
| Beverly Hills Weight Loss and Wellness | |
| 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |
| International Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Planet Fitness | |