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