Start-Up Costs and Fees |
||
| Concept 10 10 | Planet Fitness | |
| Investment | 100000 - 150000 | 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 |
||
| Concept 10 10 | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Concept 10 10 | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Concept 10 10 | 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 |
||
| Concept 10 10 | 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 | |
| Concept 10 10 | |
| Planet Fitness | |
| Franchise Fee | |
| Concept 10 10 | |
| Planet Fitness | |
| Royalty Fee | |
| Concept 10 10 | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Concept 10 10 | |
| Planet Fitness | 9% |
| Year Founded | |
| Concept 10 10 | 0 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Concept 10 10 | 0 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Concept 10 10 | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Concept 10 10 | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Concept 10 10 | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Concept 10 10 | |
| Planet Fitness | |
| Start-up Costs | |
| Concept 10 10 | |
| Planet Fitness | |
| Equipment | |
| Concept 10 10} | |
| Planet Fitness | |
| Inventory | |
| Concept 10 10 | |
| Planet Fitness | |
| Receivables | |
| Concept 10 10 | |
| Planet Fitness | |
| Payroll | |
| Concept 10 10 | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Concept 10 10 | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Concept 10 10 | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Concept 10 10 | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Concept 10 10 | |
| 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 | |
| Concept 10 10 | |
| 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 | |
| Concept 10 10 | |
| Planet Fitness | |
| International Expansion | |
| Concept 10 10 | |
| Planet Fitness | |