Start-Up Costs and Fees |
||
| QuickHIT Fitness Lab | Planet Fitness | |
| Investment | 127830 - 157500 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2017 | 1992 |
| Year Franchised | 2018 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| QuickHIT Fitness Lab | Planet Fitness | |
| Experience | ||
Financing Options |
||
| QuickHIT Fitness Lab | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| QuickHIT Fitness Lab | 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 |
||
| QuickHIT Fitness Lab | 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 | 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 | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| Franchise Fee | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| Royalty Fee | |
| QuickHIT Fitness Lab | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| QuickHIT Fitness Lab | |
| Planet Fitness | 9% |
| Year Founded | |
| QuickHIT Fitness Lab | 2017 |
| Planet Fitness | 1992 |
| Year Franchised | |
| QuickHIT Fitness Lab | 2018 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| QuickHIT Fitness Lab | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| Start-up Costs | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| Equipment | |
| QuickHIT Fitness Lab} | |
| Planet Fitness | |
| Inventory | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| Receivables | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| Payroll | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| QuickHIT Fitness Lab | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| QuickHIT Fitness Lab | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| QuickHIT Fitness Lab | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| QuickHIT Fitness Lab | |
| 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 | |
| QuickHIT Fitness Lab | 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 |
| 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 | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |
| International Expansion | |
| QuickHIT Fitness Lab | |
| Planet Fitness | |