Hungry Heart vs Planet Fitness Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hungry Heart vs Planet Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
| Investment |
$43,000 - $57,000 | $968,100 - $4,113,000 |
| Franchise Fee |
$24,500 | $20,000 |
| Royalty Fee |
6% | 7% of Gross Membership Fees |
| Advertising Fee |
- | 9% |
| Year Founded |
1996 | 1992 |
| Year Franchised |
2006 | 2003 |
| Term Of Agreement |
7 years | 10 years |
| Term Of Agreement |
7 years | 10 years |
| Renewal Fee |
$500 | - |
Business Experience Requirements |
| Experience |
- | - |
Financing Options |
| |
In-House/3rd Party | In-House/3rd Party |
| Franchise Fees |
No/No | No/No |
| Start-up Costs |
No/No | No/No |
| Equipment |
No/No | No/Yes |
| Inventory |
No/No | No/No |
| Receivables |
No/No | No/No |
| Payroll |
No/No | No/No |
Training & Support |
| 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 |
| US Expansion |
- | Yes |
| Canada Expansion |
- | - |
| International Expansion |
- | - |
Company Overviews
About Hungry Heart
By the time many of our clients have reached The Hungry Heart, they feel like they have tried everything and they’ve had it. The same behaviors that drive us to be successful in parts of our
personal and professional life also lead us to having problems with
food. Why? When there is a problem we will give 150% to resolve it. If
we don’t know how to fix it and don’t accept that we can’t resolve it on
our own, we feel frustrated and stuck. When we feel stuck, we will
often use food to temporarily block out the pain and frustration of not
knowing how to fix the situation. As long as we need food to help us deal with what is emotionally
going on in our lives, it doesn’t matter what diet or program we try
because eventually we will go back to the food. We have to learn to
process our feelings and emotions so we don’t turn to food and use it as
a tool to deal with what is going on in our lives.
The Hungry Heart Franchise is an opportunity for you to experience a career that is based on caring; self acceptance and building self-esteem.
Become part of The Hungry Heart franchise team, receive superior training, on-going support, and the knowledge you need to build a one of its kind business. Help others make positive life-long changes in their approach to food and live a life free of out of control eating.
Learn
The Hungry Heart approach toward nutritional counseling and become a Certified Clinical Hypnotherapist and Health Educator.
You will be provided with detailed training on
The Hungry Heart 8 step systematic program and our 12 session client support process and much more! Learn how these processes fit into your clients' success and your long term business success.
Become a Certified
Hungry Heart Counselor, equipped to begin your own franchise and ready to counsel clients.
If
The HungryHeart franchise sounds like a career that is a match for you, AND you would like to learn more about The Hungry Heart, contact us today!
Call 877-486-4797 ext 501 or Email
[email protected]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.
#7 in Franchise 500 for 2020.
#8 in Franchise 500 for 2021.
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