Start-Up Costs and Fees |
||
| Ladies Workout Express | Planet Fitness | |
| Investment | 53000 - 120000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1989 | 1992 |
| Year Franchised | 1996 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ladies Workout Express | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Ladies Workout Express | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Ladies Workout Express | 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 |
||
| Ladies Workout Express | 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 | |
| Ladies Workout Express | |
| Planet Fitness | |
| Franchise Fee | |
| Ladies Workout Express | |
| Planet Fitness | |
| Royalty Fee | |
| Ladies Workout Express | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Ladies Workout Express | |
| Planet Fitness | 9% |
| Year Founded | |
| Ladies Workout Express | 1989 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Ladies Workout Express | 1996 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Ladies Workout Express | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Ladies Workout Express | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Ladies Workout Express | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Ladies Workout Express | |
| Planet Fitness | |
| Start-up Costs | |
| Ladies Workout Express | |
| Planet Fitness | |
| Equipment | |
| Ladies Workout Express} | |
| Planet Fitness | |
| Inventory | |
| Ladies Workout Express | |
| Planet Fitness | |
| Receivables | |
| Ladies Workout Express | |
| Planet Fitness | |
| Payroll | |
| Ladies Workout Express | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Ladies Workout Express | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Ladies Workout Express | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Ladies Workout Express | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Ladies Workout Express | |
| 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 | |
| Ladies Workout Express | |
| 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 | |
| Ladies Workout Express | 0 |
| Planet Fitness | |
| International Expansion | |
| Ladies Workout Express | |
| Planet Fitness | |