Start-Up Costs and Fees |
||
| Personal Training Institute Franchise Ventures LLC | Planet Fitness | |
| Investment | 112050 - 221500 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 7% of Gross Membership Fees |
| Advertising Fee | 4% | 9% |
| Year Founded | 1987 | 1992 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Personal Training Institute Franchise Ventures LLC | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Personal Training Institute Franchise Ventures LLC | 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 |
||
| Personal Training Institute Franchise Ventures LLC | 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 |
||
| Personal Training Institute Franchise Ventures LLC | 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 | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
| Franchise Fee | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
| Royalty Fee | |
| Personal Training Institute Franchise Ventures LLC | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Personal Training Institute Franchise Ventures LLC | 4% |
| Planet Fitness | 9% |
| Year Founded | |
| Personal Training Institute Franchise Ventures LLC | 1987 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Personal Training Institute Franchise Ventures LLC | 2005 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Personal Training Institute Franchise Ventures LLC | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Personal Training Institute Franchise Ventures LLC | 25% of franchise fee |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Personal Training Institute Franchise Ventures LLC | No |
| Planet Fitness | No |
| Start-up Costs | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
| Equipment | |
| Personal Training Institute Franchise Ventures LLC} | |
| Planet Fitness | |
| Inventory | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
| Receivables | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
| Payroll | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Personal Training Institute Franchise Ventures LLC | |
| 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 | |
| Personal Training Institute Franchise Ventures LLC | |
| 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 | |
| Personal Training Institute Franchise Ventures LLC | 0 |
| Planet Fitness | |
| International Expansion | |
| Personal Training Institute Franchise Ventures LLC | |
| Planet Fitness | |