Planet Fitness vs InShapeMD Franchise Comparison

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

Start-Up Costs and Fees

 
Planet Fitness Franchise
InShapeMD Franchise
Investment $968,100 - $4,113,000$120,000 - $350,000
Franchise Fee $20,000$15,000 - $40,000
Royalty Fee 7% of Gross Membership Fees-
Advertising Fee 9%-
Year Founded 19922009
Year Franchised 20032009
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Planet Fitness Franchise
InShapeMD Franchise
Experience --

Financing Options

 
Planet Fitness Franchise
InShapeMD 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
InShapeMD 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 cooperativesYou will receive ongoing support from our expert team at InShapeMD�. The Initial and ongoing support includes: * Guided Implementation & Launch Program * Marketing and Branding material for all media from TV to Internet. * Professionally designed Sales process From Phone Scripts to Patient Enrollment Process * Protocol Training for you and your staff * Operations and Patient Support process * Access to a top in the country custom compounding pharmacy and other vendors * Real Estate/Site Selection * Lease Negotiations * Ongoing Operational Training & Support * Additional Medical Services and Products
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
InShapeMD 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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About InShapeMD

InShapeMD is prescription weight loss program. It's not just another weight loss diet with celebrity spokespeople and bad tasting, expensive food. It is a comprehensive, doctor-guided and personalized approach to weight loss and total wellness.InShapeMD offers multiple treatment options from appetite suppressants to hormone therapy, our professional medical staff works together with patients to find the best program for their body, budget and weight loss goals. Our programs include customized diet, nutrition and fitness plans, cutting-edge lab tests, energy-boosting injections and much more.InShapeMD offers family-friendly diets and online nutritional programs that make eating healthy easy and affordable - and don't require patients to have to buy or stock a bunch of expensive, pre-packaged food. Unique Franchise OpportunitiesInShapeMD franchise opportunity is designed as a low overhead and ease of operation business meaning minimal build out requirements, minimal equipment, minimal employees to manage and minimal inventory storage and cost. InShapeMD Franchise is designed to operate inside existing related businesses or as a stand alone store front. The Office Model works great inside Chiropractors, Physicians, Health Clubs, Day Spas, Tanning Salons and other establishments. * Store Front Model o The store front model is a retail business structure. It is located in a high visibility, high traffic area. o Typical franchises are commercial centers, strip centers or buildings on commercial streets with heavy traffic, malls and office buildings * Office Model o The office plan is a franchise housed within an existing business. An example would be a doctor who offers the InShapeMD program in addition to his/her medical practice or a health club. Area Developer Opportunities are available Area Developer business opportunities are offered for people who would like to act as an InShapeMD representative within a defined geographic area to assist with identifying new franchisees and share in the Franchise Revenues Stream. Affordable Franchise Investment The initial Franchise Fees start at $15,000 for a unit and $40,000 for an Area Development Market. Act now to become a part of this hot, franchise opportunity!
  • Hormone Replacement Therapy For Men & Women
  • Medical Weight Loss Management
  • Aesthetics �" Botox, Juvederm, Xeomin, Radiesse, Jan Marini Skin Care, and more
  • Private Label Supplements and Custom Vitamins
  • Over 8,000 Cutting-Edge Lab Tests