Start-Up Costs and Fees |
||
| Stroller Strides | Planet Fitness | |
| Investment | 4009 - 17889 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | $175-480/month+2% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2001 | 1992 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Stroller Strides | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Stroller Strides | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Stroller Strides | 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 |
||
| Stroller Strides | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Stroller Strides | |
| Planet Fitness | |
| Franchise Fee | |
| Stroller Strides | |
| Planet Fitness | |
| Royalty Fee | |
| Stroller Strides | $175-480/month+2% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Stroller Strides | |
| Planet Fitness | 9% |
| Year Founded | |
| Stroller Strides | 2001 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Stroller Strides | 2005 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Stroller Strides | 2-6 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Stroller Strides | 20% of then current fee |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Stroller Strides | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Stroller Strides | No |
| Planet Fitness | No |
| Start-up Costs | |
| Stroller Strides | |
| Planet Fitness | |
| Equipment | |
| Stroller Strides} | |
| Planet Fitness | |
| Inventory | |
| Stroller Strides | |
| Planet Fitness | |
| Receivables | |
| Stroller Strides | |
| Planet Fitness | |
| Payroll | |
| Stroller Strides | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Stroller Strides | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Stroller Strides | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Stroller Strides | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Stroller Strides | |
| 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 | |
| Stroller Strides | |
| 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 | |
| Stroller Strides | 0 |
| Planet Fitness | |
| International Expansion | |
| Stroller Strides | |
| Planet Fitness | |