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