Start-Up Costs and Fees |
||
| Extreme Gym | Planet Fitness | |
| Investment | 75453 - 96998 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2002 | 1992 |
| Year Franchised | 0 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Extreme Gym | Planet Fitness | |
| Experience | You need a desire to own your own business and to be financially free. You also need to be people oriented with excellent customer service skills. If you are going to be leasing your equipment, we can set you up with a top notch leasing company who we highly recommend. You also have the option of paying in full if that is your desire. You can have your own gym for the price of a nice luxury car. | |
Financing Options |
||
| Extreme Gym | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Extreme Gym | 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 |
||
| Extreme Gym | 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 | |
| Extreme Gym | |
| Planet Fitness | |
| Franchise Fee | |
| Extreme Gym | |
| Planet Fitness | |
| Royalty Fee | |
| Extreme Gym | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Extreme Gym | |
| Planet Fitness | 9% |
| Year Founded | |
| Extreme Gym | 2002 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Extreme Gym | 0 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Extreme Gym | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Extreme Gym | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Extreme Gym | You need a desire to own your own business and to be financially free. You also need to be people oriented with excellent customer service skills. If you are going to be leasing your equipment, we can set you up with a top notch leasing company who we highly recommend. You also have the option of paying in full if that is your desire. You can have your own gym for the price of a nice luxury car. |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Extreme Gym | |
| Planet Fitness | |
| Start-up Costs | |
| Extreme Gym | |
| Planet Fitness | |
| Equipment | |
| Extreme Gym} | |
| Planet Fitness | |
| Inventory | |
| Extreme Gym | |
| Planet Fitness | |
| Receivables | |
| Extreme Gym | |
| Planet Fitness | |
| Payroll | |
| Extreme Gym | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Extreme Gym | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Extreme Gym | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Extreme Gym | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Extreme Gym | |
| 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 | |
| Extreme Gym | |
| 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 | |
| Extreme Gym | |
| Planet Fitness | |
| International Expansion | |
| Extreme Gym | |
| Planet Fitness | |