Start-Up Costs and Fees |
||
| Healthy Times Newspaper | Planet Fitness | |
| Investment | 18500 - 29100 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | $500/ month | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2004 | 1992 |
| Year Franchised | 2007 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Healthy Times Newspaper | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Healthy Times Newspaper | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Healthy Times Newspaper | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | Best Training and Support in the Industry, Be in Business for Yourself, Not by Yourself. You will have access to ongoing marketing and retail items available to operate your business. We want you to be successful, so we don't just get you started - you get continued support every step of the way! | * 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 | Number of employees needed to run franchised unit: 0 Absentee ownership of franchise is allowed. | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Healthy Times Newspaper | 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 | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| Franchise Fee | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| Royalty Fee | |
| Healthy Times Newspaper | $500/ month |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Healthy Times Newspaper | |
| Planet Fitness | 9% |
| Year Founded | |
| Healthy Times Newspaper | 2004 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Healthy Times Newspaper | 2007 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Healthy Times Newspaper | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Healthy Times Newspaper | $2,000 |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Healthy Times Newspaper | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| Start-up Costs | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| Equipment | |
| Healthy Times Newspaper} | |
| Planet Fitness | |
| Inventory | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| Receivables | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| Payroll | |
| Healthy Times Newspaper | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Healthy Times Newspaper | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Healthy Times Newspaper | Best Training and Support in the Industry, Be in Business for Yourself, Not by Yourself. You will have access to ongoing marketing and retail items available to operate your business. We want you to be successful, so we don't just get you started - you get continued support every step of the way! |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Healthy Times Newspaper | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Healthy Times Newspaper | Number of employees needed to run franchised unit: 0 Absentee ownership of franchise is allowed. |
| 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 | |
| Healthy Times Newspaper | |
| 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 | |
| Healthy Times Newspaper | |
| Planet Fitness | |
| International Expansion | |
| Healthy Times Newspaper | |
| Planet Fitness | |