Snap Fitness vs Planet Fitness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Snap Fitness vs Planet Fitness including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Snap Fitness Franchise
Planet Fitness Franchise
Investment $144,798 - $478,762$968,100 - $4,113,000
Franchise Fee $29,500$20,000
Royalty Fee $580/mo.7% of Gross Membership Fees
Advertising Fee $275/mo.9%
Year Founded 20031992
Year Franchised 20042003
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee --


Business Experience Requirements
 
Snap Fitness Franchise
Planet Fitness Franchise
Experience "What I want is somebody who is a fitness nut: a personal trainer, somebody who comes from running a health club themselves. The economics of it are second to me." - Joey Aunan, franchise development director-

Financing Options
 
Snap Fitness Franchise
Planet Fitness Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/YesNo/No
Start-up Costs No/YesNo/No
Equipment Yes/YesNo/Yes
Inventory No/YesNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support
 
Snap Fitness Franchise
Planet Fitness Franchise
Training On-The-Job Training: Ongoing Classroom Training: 30 hours * Available at headquarters: 2 weeks * At franchisee's location: as needed
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing * Co-op advertising * Ad slicks * Regional advertising
Operations Absentee Ownership Allowed Number of Employees Required to Run: 1* 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Expansion Plans
 
Snap Fitness Franchise
Planet Fitness Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion Yes-

Company Overviews

About Snap Fitness

Thanks for your interest in owning a Snap Fitness franchise. If you are looking for a proven, affordable and trail-blazing concept in a growing industry, you've come to the right place! Today more than ever, people know it's important to be fit. Their challenge is squeezing exercise into busy lives. With Snap Fitness, you provide the solution, bringing fast, convenient and affordable workouts into their neighborhoods - minutes from their doorsteps - with your own compact, 24/7 state-of-the-art fitness center. The Industry's Fastest-Growing Fitness Franchisor Our first club opened in 2004. Today, with more than 1,500 sold in the United States and Canada, we rank #1 on Franchise Market Magazine's Top 100 New Franchises* and #3 among Entrepreneur Magazine's Top New Franchises**. A Snap Fitness franchise is easy to afford, easy to manage - 70% of our franchisees are absentee owners - and easy to market. As important, you'll find us to be trustworthy partners. Our success is driven by a single-minded focus to make YOU successful and Christian principles that guide us to treat everyone with dignity, respect and fairness. Take Your First Step Towards Freedom and Fulfillment We invite you to take a close look at us as an opportunity to turn wellness into wealth and to live your dream with a degree of freedom and flexibility not possible in the traditional work world. We stand ready to help you determine if a Snap Fitness franchise is right for you. You can contact a sales consultant right now. Thanks again for stopping by, and - be well.

Veteran Incentives  $5,000 off franchise fee

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#89 on Franchise Rankings.com

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#470 in Franchise 500 for 2020.


About Planet Fitness

Planet Fitness got its start in 1992 when Michael Grondahl acquired a struggling gym. He reduced membership prices to compete against better-known brands and focused on serving occasional or first-time gym users. Every Planet Fitness location holds a pizza night for members once a month, as well as a bagel morning, and Tootsie Rolls are available at all times.
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.

The total investment necessary to begin operation of a single Planet Fitness facility ranges from $968,100 to $3,072,000 if you finance your equipment.
This includes $48,000 to $297,000 that must be paid to the franchisor or its affiliate.
If you choose to purchase your equipment, the total investment necessary to begin operation of a single Planet Fitness facility ranges from $1,500,000 to $4,113,000.
This includes $295,000 to $912,000 that must be paid to the franchisor or its affiliate.
These estimated initial investment ranges also apply to each location that you develop under the Area Development Agreement (plus the Area Development Fee you pay at the time you sign the Area Development Agreement). If you sign an Area Development Agreement, you must develop one or more Planet Fitness facilities, and you will pay an Area Development Fee of $10,000 per planned location (paid in full when you sign the Area Development Agreement) in addition to the then-current initial franchise fee due for each location at the time the Franchise Agreement for that location is signed.

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#7 in Franchise 500 for 2020.
#8 in Franchise 500 for 2021.