Start-Up Costs and Fees |
||
| Planet Fitness | Fitness Evolution | |
| Investment | 968100 - 4113000 | 0 - 0 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Fitness Evolution | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Fitness Evolution | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Fitness Evolution | |
| 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 |
||
| Planet Fitness | Fitness Evolution | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Fitness | |
| Fitness Evolution | |
| Franchise Fee | |
| Planet Fitness | |
| Fitness Evolution | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Fitness Evolution | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Fitness Evolution | |
| Year Founded | |
| Planet Fitness | 1992 |
| Fitness Evolution | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Fitness Evolution | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Fitness Evolution | |
| Renewal Fee | |
| Planet Fitness | |
| Fitness Evolution | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Fitness Evolution | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Fitness Evolution | No |
| Start-up Costs | |
| Planet Fitness | |
| Fitness Evolution | |
| Equipment | |
| Planet Fitness} | |
| Fitness Evolution | |
| Inventory | |
| Planet Fitness | |
| Fitness Evolution | |
| Receivables | |
| Planet Fitness | |
| Fitness Evolution | |
| Payroll | |
| Planet Fitness | |
| Fitness Evolution | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Fitness Evolution | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Fitness Evolution | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Fitness Evolution | |
| Operations | |
| Planet Fitness | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
| Fitness Evolution | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Fitness Evolution | |
| Canada Expansion | |
| Planet Fitness | |
| Fitness Evolution | |
| International Expansion | |
| Planet Fitness | |
| Fitness Evolution | |