Planet Fitness vs EduFit Franchise Comparison

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

Start-Up Costs and Fees
 
Planet Fitness Franchise
EduFit Franchise
Investment $968,100 - $4,113,000$164,500 - $281,000
Franchise Fee $20,000N/A
Royalty Fee 7% of Gross Membership Fees-
Advertising Fee 9%-
Year Founded 19921988
Year Franchised 20030
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Planet Fitness Franchise
EduFit Franchise
Experience --

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

Training & Support
 
Planet Fitness Franchise
EduFit Franchise
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
 
Planet Fitness Franchise
EduFit Franchise
US Expansion Yes-
Canada Expansion --
International Expansion --

Company Overviews

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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#8 in Franchise 500 for 2021.






About EduFit

If you've often dreamed of opening your own personal training studio, EduFit is for you. Be a part of a unique concept in an immense and still growing market! EduFit is a great opportunity. We've developed a system to provide personal training to clients at reasonable prices. We'll provide you with a methodology for fitness studio management, and show you how to run your own location and manage your client base. We'll give you an ideal environment to provide customized exercise and fitness programs to your clients, allowing you to fully leverage you and your staff's training expertise, and maximize the potential revenue and client volume of your business. The EduFit Franchise Program provides you with: * An opportunity that offers an innovative approach to personal training, and sets itself apart from other health clubs * Expertise in managing your own personal training studio, including our unique per-session pricing system, along with our proven business management model and proprietary software. * The ability to work with clients by scheduled appointment only, so there are no crowds and you'll be able to offer tailored exercise programs for each client. * All the support you need to run your business We are looking for people who share in our pursuit and commitment to provide personal training services with a difference.