Start-Up Costs and Fees |
||
| HIT Center, The | Planet Fitness | |
| Investment | 500000 - 500000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2000 | 1992 |
| Year Franchised | 2003 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HIT Center, The | Planet Fitness | |
| Experience | ||
Financing Options |
||
| HIT Center, The | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| HIT Center, The | 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 |
||
| HIT Center, The | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HIT Center, The | |
| Planet Fitness | |
| Franchise Fee | |
| HIT Center, The | |
| Planet Fitness | |
| Royalty Fee | |
| HIT Center, The | 5% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| HIT Center, The | |
| Planet Fitness | 9% |
| Year Founded | |
| HIT Center, The | 2000 |
| Planet Fitness | 1992 |
| Year Franchised | |
| HIT Center, The | 2003 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| HIT Center, The | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| HIT Center, The | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| HIT Center, The | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| HIT Center, The | No |
| Planet Fitness | No |
| Start-up Costs | |
| HIT Center, The | |
| Planet Fitness | |
| Equipment | |
| HIT Center, The} | |
| Planet Fitness | |
| Inventory | |
| HIT Center, The | |
| Planet Fitness | |
| Receivables | |
| HIT Center, The | |
| Planet Fitness | |
| Payroll | |
| HIT Center, The | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| HIT Center, The | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| HIT Center, The | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| HIT Center, The | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| HIT Center, The | |
| 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 | |
| HIT Center, The | |
| 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 | |
| HIT Center, The | 0 |
| Planet Fitness | |
| International Expansion | |
| HIT Center, The | |
| Planet Fitness | |