Start-Up Costs and Fees |
||
| Physicians Weight Loss Centers | Planet Fitness | |
| Investment | 95643 - 173857 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1979 | 1992 |
| Year Franchised | 1980 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Physicians Weight Loss Centers | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Physicians Weight Loss Centers | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Physicians Weight Loss Centers | 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 |
||
| Physicians Weight Loss Centers | Planet Fitness | |
| US Expansion | Nationwide, | 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 | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| Franchise Fee | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| Royalty Fee | |
| Physicians Weight Loss Centers | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Physicians Weight Loss Centers | |
| Planet Fitness | 9% |
| Year Founded | |
| Physicians Weight Loss Centers | 1979 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Physicians Weight Loss Centers | 1980 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Physicians Weight Loss Centers | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| Start-up Costs | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| Equipment | |
| Physicians Weight Loss Centers} | |
| Planet Fitness | |
| Inventory | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| Receivables | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| Payroll | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Physicians Weight Loss Centers | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Physicians Weight Loss Centers | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Physicians Weight Loss Centers | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Physicians Weight Loss Centers | |
| 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 | |
| Physicians Weight Loss Centers | Nationwide, |
| 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 | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |
| International Expansion | |
| Physicians Weight Loss Centers | |
| Planet Fitness | |