Total investment:

$ 969,600

Franchise fee:

$ 30,000

Royalty fee:

500usd/m

Marketing fee:

$ 0

Number of franchises

Return

Time period

Revenue:

$ 12 000*

* Calculator calculations are provisional, not guaranteed

MAIN INFORMATION

Year founded: 1992

Franchise since: 2003

Company owned units:

Franchise owned units: 1353

Total number of units:

Number of employees per unit:

Contract period: 60 month

FRANCHISE ONLINE

WEBSITE

Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company reports that it has 1,500 clubs, making it one of the largest fitness club franchises by number of members and locations. There are locations across the United States as well as in other countries such as Canada, Puerto Rico, Dominican Republic, Panama, and Mexico. It markets itself as a “Judgement Free Zone” that caters to novice and casual gym users and is reported to be the nation’s fastest growing fitness center franchise.
In February 2016, the franchise was added to the Franchise Times’ “Fast and Serious” list of top franchises (#1), and in its 2016 ranking of franchises, Forbes magazine ranked Planet Fitness #4. It ranked in the top 50 of Entrepreneur magazine’s Franchise 500 in 2017.

Classroom Training: 80 hours
Additional Training: Ongoing training
Absentee Ownership Allowed

You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. The Initial Franchise Fee is uniform and non-refundable. All initial fees are the same for both initial and conversion franchises.
If you acquire rights under our Area Development program, you will pay an Area Development Fee equal to $10,000 per location to be developed under the Area Development Agreement when you sign the Area Development Agreement. The Area Development Fee is uniform and non-refundable. The Area Development Fee is in addition to the then-current Initial Franchise Fee due for each location at the time the Franchise Agreement for that location is executed.
If you sign an Area Development Agreement, the Initial Franchise Fee for each location opened under the Area Development Agreement will be $20,000 for Franchise Agreements entered into within four years of the effective date of your Area Development Agreement. After four years the Initial Franchise Fee for each location opened under the Area Development Agreement will be equal to then-current Initial Franchise Fee being charged to new franchisees. You must commit to opening a one or more PLANET FITNESS locations as a condition of acquiring area development rights, either yourself or through one or more entities in which you own 51% or more interest.


Cherry Franchise Broker

Languages: gb flag

CONTACT US AND TELL US HOW CAN WE ASSIST YOU