Start-Up Costs and Fees |
||
| Mayweather Boxing + Fitness | Planet Fitness | |
| Investment | 39500 - 698000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2018 | 1992 |
| Year Franchised | 2018 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mayweather Boxing + Fitness | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Mayweather Boxing + Fitness | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mayweather Boxing + Fitness | 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 |
||
| Mayweather Boxing + Fitness | 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 | 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 | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | 9% |
| Year Founded | |
| Mayweather Boxing + Fitness | 2018 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Mayweather Boxing + Fitness | 2018 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| Start-up Costs | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| Equipment | |
| Mayweather Boxing + Fitness} | |
| Planet Fitness | |
| Inventory | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| Receivables | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| Payroll | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Mayweather Boxing + Fitness | |
| 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 | |
| Mayweather Boxing + 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 |
| 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 | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |
| International Expansion | |
| Mayweather Boxing + Fitness | |
| Planet Fitness | |