Planet Fitness vs UFC Gym Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs UFC Gym 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 | $199,000 - $4,213,000 |
Franchise Fee |
$20,000 | $30,000 - $50,000 |
Royalty Fee |
7% of Gross Membership Fees | 4%-6% |
Advertising Fee |
9% | 2% |
Year Founded |
1992 | 1992 |
Year Franchised |
2003 | 2004 |
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 | -/Yes |
Inventory |
No/No | -/- |
Receivables |
No/No | -/Yes |
Payroll |
No/No | -/Yes |
Training & Support |
Training |
* Available at headquarters: 2 weeks
* At franchisee's location: as needed | On-The-Job Training: 24 hours
Classroom Training: 40 hours
Additional Training: Available
|
Support |
* Newsletter
* Meetings
* Toll-free phone line
* Grand opening
* Internet
* Security/safety procedures
* Field operations/evaluations
* Purchasing cooperatives | Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing |
* Co-op advertising
* Ad slicks
* Regional advertising | Ad Templates
National Media
Social media
SEO
Website development
Email marketing
Loyalty program/app
|
Operations |
* 40% of all franchisees own more than one unit
* Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | Absentee Ownership Allowed
Number of Employees Required to Run: 3 - 5 |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
- | Yes |
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 UFC Gym
For the first time ever, qualified candidates can own a UFC GYM franchise. This is a ground-breaking opportunity to partner with the Ultimate Fighting Championship. Simply put, owning a UFC GYM is a chance to join the fastest growing, most successful fitness franchise and partner with the UFC. UFC GYM franchisees are backed by a solid management foundation, instant brand recognition and a successful boxing, kickboxing and MMA fitness franchise. UFC GYM is built on a partnership between the UFC, NeV and UG Franchise Operations (formerly LA Boxing Franchise Co.). This creates a solid three-pillar franchise with unlimited ability for global growth. UFC GYMs are currently open in the U.S. and Australia, with more than 170 locations open or sold in 25 states.
Most facilities feature a functional training area, Octagon or 1/2 Octagon, a bag area with 30 heavy bags, cutting-edge cardio and strength equipment, private training and retail - all areas of potential income for a UFC GYM franchisee.
We have multiple levels of opportunity for investment in UFC GYM with facilities ranging from 6,000-10,000 sq. ft.
Most markets require a two to three unit commitment.
The total initial investment for a Class model UFC GYM ranges from
$199,500 to $393,500, which includes fees that must be paid to the
franchisor for the initial franchise fee, the equipment for the GYM, a
retail package and music licensing. Such fees paid to the franchisor
will range between $154,500 and $198,500, depending on the size of your
Class UFC GYM and amenities selected.
The total initial investment for a Core model UFC GYM ranges from
$368,500 to $1,062,500, which includes fees that must be paid to the
franchisor for the initial franchise fee, the equipment for the GYM, a
retail package and music licensing. Such fees paid to the franchisor
will range between $202,500 and $326,000 depending on the size of your
Core UFC GYM and amenities selected.
The total initial investment for a Signature model UFC GYM ranges from
$1,080,000 to $4,213,000, which includes fees that must be paid to the
franchisor for the initial franchise fee, the equipment for the GYM, a
retail package and music licensing. Such fees paid to the franchisor
will range between $646,000 and $1,466,000, depending on the size of
your Signature UFC GYM and amenities selected. Franchisees who also
obtain development rights must pay the franchisor the corresponding
Initial Franchise Fee for each additional UFC GYM business to be opened.
Veteran Incentives 10% off franchise fee
#499 in Franchise 500 for 2020.