Monday
Jun072010
Planet Fitness Franchise
Fitness Center
Planet Fitness strives to promote health in a respectful atmosphere. For over a decade, Planet Fitness has gone to great lengths to provide its members with a friendly space to work out. We call it the Judgment Free Zone. We discourage weight dropping and obnoxious grunting so you can focus on your own workout and not the person next to you.
Start-up Costs & Franchises Fees
What is the total cost to open a Planet Fitness Franchises?
Total Cost: $422,600-$1,100,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: Varies
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Contact Information for Planet Fitness
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Planet Fitness |
Phone Number: (603)750-0001 |
Historical Expansion
In what year did Planet Fitness begin operations? 1992
When did Planet Fitness begin selling franchises? 2003
Year United States Canada International Corporate 2009 265 0 0 10 2008 209 0 0 13 2007 179 0 0 15 2006 103 0 0 9 2005 60 0 0 8
Future Expansion
United States: Nationwide
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes
Training & Support
Training
* Available at headquarters: 2 weeks
* At franchisee's location: as needed
Support
* In the Pressletter
* Meetings
* Toll free phone number
* Grand opening support
* Internet
* Safety and Security procedures
* Field support and site evaluation
* Purchasing cooperatives
Marketing
* Cooperative advertising
* Ad slicks
* Regional advertising support
Franchise Operation Restrictions
* 40% of all franchise business owners own more than one franchise location. * Absentee ownership of franchise is allowed. (70% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes