Planet Fitness vs CityRow Fitness Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs CityRow Fitness 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 | $253,843 - $609,574 |
Franchise Fee |
$20,000 | N/A |
Royalty Fee |
7% of Gross Membership Fees | - |
Advertising Fee |
9% | - |
Year Founded |
1992 | 2018 |
Year Franchised |
2003 | 2018 |
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 | - |
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 | 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.
#7 in Franchise 500 for 2020.
#8 in Franchise 500 for 2021.
About CityRow Fitness
Trendy workouts are everywhere - but only the best alter the fitness landscape for good.
Row,row,row your franchise'
Today’s consumer is seeking tailored services that cater to their individual needs, not to the masses. Boutique fitness is replacing crowded, intimidating gyms. It’s changing the way people get fit with effective, hard-hitting workouts that are also a whole lot of fun.
The CityRow concept was tested and perfected in New York’s fiercely competitive market. Every aspect, from studio design to instructor training to member retention, has been refined so that you can hit the ground running.
Backed by Franworth - the premier franchise development company - CityRow’s proven business model is poised to win markets from coast to coast. Be first in your region with this killer concept and become the breakout brand.
We are looking for franchisees who want
to take control of their financial and professional future. Our best
franchisees are not afraid to roll up their sleeves and get connected to
their community. This is a people business first and foremost, so our
focus is on the guest experience!
Our goal is to make the process of
opening a CityRow Studio as easy for you as possible. We will take you
through our Discovery Process to ensure that all of your questions are
answered and that there is a good mutual fit. You can count on us here
at CityRow - we want to see our franchisees succeed.
The total investment necessary to begin operation of one
CityRow
Fitness Facility is $253,843 to $460,074. This includes $83,927 to
$90,985 that must be paid to the franchisor.
The total investment necessary to begin operation as a developer under
an Area Development Agreement is $303,843 to 510,074 (3 -
CityRow
Fitness Facilities) and $403,343 to $609,574 (5 -
CityRow Fitness
Facilities). The area development fee applicable to each
CityRow
Fitness Facility will be credited toward the initial franchise fee due
under the Franchise Agreement for each
CityRow Fitness Facility. To
qualify for an Area Development Agreement, you must agree to develop two
or more Fitness Facilities.