Planet Fitness vs United Water Restoration Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs United Water Restoration including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$968,100 - $4,113,000 | $159,342 - $441,874 |
Franchise Fee |
$20,000 | $49,000 - $210,000 |
Royalty Fee |
7% of Gross Membership Fees | - |
Advertising Fee |
9% | $3,000/mo or 2% |
Year Founded |
1992 | 2008 |
Year Franchised |
2003 | 2015 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-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 |
Training |
* Available at headquarters: 2 weeks
* At franchisee's location: as needed | Comprehensive training program. |
Support |
* Newsletter
* Meetings
* Toll-free phone line
* Grand opening
* Internet
* Security/safety procedures
* Field operations/evaluations
* Purchasing cooperatives | Handpicked, trained and certified staff.
24/7 technical field support. |
Marketing |
* Co-op advertising
* Ad slicks
* Regional advertising | Top restoration franchise sales and marketing programs. |
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 | Yes |
Canada Expansion |
- | Yes |
International Expansion |
- | No |
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.
#7 in Franchise 500 for 2020.
#8 in Franchise 500 for 2021.
About United Water Restoration
Since 2008, United Water Restoration Group
(UWRG) franchise owners have made a remarkable impact in their
communities. Not only do our restoration franchises help in the event of
a natural disaster, such as repairing damages from water, fire, smoke
or mold, but they can also help clients with their day-to-day needs,
such as property reconstruction with full-service solutions.
RESTORATION FRANCHISE OPPORTUNITIES
Offering crucial restoration services to property owners in their
time of need, UWRG franchisees embark on a career path with unlimited
prospects for personal, professional and financial growth. There are
plenty of great reasons to open a restoration franchise:
- $40+ billion market: Fire and water damage restoration franchises
have a massive market to work with, meaning there are plenty of
opportunities to grow your business.
- Multiple revenue streams: There are multiple ways for you to find success within a restoration franchise.
- Completely recession-resistant: No matter what state the economy is
in, there will always be a need for damage restoration franchises.
- Simple business model: Our restoration franchises run off a simple
business model so you can focus on growing your business rather than
stressing about complex business minutiae.
- High margins, quick ramp-up: There is massive potential for success
with restoration franchises, and it’s not difficult to get on your feet
quickly.
- B2B marketing to professionals: B2B marketing allows you to more easily find and serve clients.
With the high demand for restoration services, now is the perfect time
to become part of this growing market as an independent restoration
franchise owner!
Contact
United Water Restoration Group today for restoration franchise opportunities.