Start-Up Costs and Fees |
||
| Plus Fitness 24/7 | Planet Fitness | |
| Investment | 298000 - 999999 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1998 | 1992 |
| Year Franchised | 1998 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Plus Fitness 24/7 | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Plus Fitness 24/7 | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Plus Fitness 24/7 | 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 |
||
| Plus Fitness 24/7 | 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 | ||
| International Expansion | Australia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| Franchise Fee | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| Royalty Fee | |
| Plus Fitness 24/7 | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Plus Fitness 24/7 | |
| Planet Fitness | 9% |
| Year Founded | |
| Plus Fitness 24/7 | 1998 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Plus Fitness 24/7 | 1998 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Plus Fitness 24/7 | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| Start-up Costs | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| Equipment | |
| Plus Fitness 24/7} | |
| Planet Fitness | |
| Inventory | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| Receivables | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| Payroll | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Plus Fitness 24/7 | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Plus Fitness 24/7 | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Plus Fitness 24/7 | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Plus Fitness 24/7 | |
| 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 | |
| Plus Fitness 24/7 | |
| 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 | |
| Plus Fitness 24/7 | |
| Planet Fitness | |
| International Expansion | |
| Plus Fitness 24/7 | Australia |
| Planet Fitness | |