Start-Up Costs and Fees |
||
| Planet Fitness | Pop Weight Loss | |
| Investment | 968100 - 4113000 | 80750 - 146350 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2012 |
| Year Franchised | 2003 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Pop Weight Loss | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Pop Weight Loss | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Pop Weight Loss | |
| 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 | Pop Weight Loss | |
| 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 | |
| Pop Weight Loss | |
| Franchise Fee | |
| Planet Fitness | |
| Pop Weight Loss | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Pop Weight Loss | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Pop Weight Loss | |
| Year Founded | |
| Planet Fitness | 1992 |
| Pop Weight Loss | 2012 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Pop Weight Loss | 2012 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Pop Weight Loss | |
| Renewal Fee | |
| Planet Fitness | |
| Pop Weight Loss | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Pop Weight Loss | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Pop Weight Loss | No |
| Start-up Costs | |
| Planet Fitness | |
| Pop Weight Loss | |
| Equipment | |
| Planet Fitness} | |
| Pop Weight Loss | |
| Inventory | |
| Planet Fitness | |
| Pop Weight Loss | |
| Receivables | |
| Planet Fitness | |
| Pop Weight Loss | |
| Payroll | |
| Planet Fitness | |
| Pop Weight Loss | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Pop Weight Loss | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Pop Weight Loss | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Pop Weight Loss | |
| 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) |
| Pop Weight Loss | |
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 |
| Pop Weight Loss | |
| Canada Expansion | |
| Planet Fitness | |
| Pop Weight Loss | |
| International Expansion | |
| Planet Fitness | |
| Pop Weight Loss | |