Planet Fitness Franchise

Fitness Center

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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Please Note: The operators of Planet Fitness, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Planet Fitness website.

How much does it cost to open a Planet Fitness Franchise?

The investment required to open a Planet Fitness Franchise is between $968,100-$4,113,000. There is an initial franchise fee of $20,000 which grants you the license to run a business under the Planet Fitness name.

Individual Unit Costs

Initial Investment:
$968,100-$4,113,000
Initial Franchise Fee:
$20,000
Royalty Fee:
7% of Gross Membership Fees
Advertising Fee:
9%
Term of Agreement:
10 years

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News and Press Releases

9 Fitness Franchises Made Franchise Business Review's Top 200 Best Franchises of 2019 List
Franchise Business Review's annual survey polled 30,000 franchisees from 310 franchise brands to determine which brands rank highest in terms of franchisee satisfaction. Nine fitness franchises, including Planet Fitness, Gold's Gym and Orangetheory Fitness, were inclu...

Planet Fitness to open Meridian franchise
Planet Fitness announced Monday it would open a 16,500-square-foot fitness facility before the end of the year at East Gate Plaza in Meridian.The location at 2014 U.S. Highway 45 is in the plaza that contained a Winn-Dixie, which closed in June, 2017. This will be the first Planet...

Planet Fitness Franchise Celebrates Five Million Member Milestone
Planet Fitness has reached a milestone of five million members "" the most of any fitness chain "" and is celebrating by randomly surprising one member in Orange with $1,000 and a free Planet Fitness membership for one year as a thank you for their continued loyalty to the brand. The surprise is ...

New Business Profile: Planet Fitness Opens In Holland Township
What's it called and where is it? Planet Fitness is located at 12330 James St., near the Star Theater. What does it do? The business, the largest new tenant of the Holland Town Center, offers membership access to its exercise facility, which includes 82 cardio workout machines besides weight tr...

Planet Fitness News & Press Releases

Planet Fitness Franchise Growth History

When did the first Planet Fitness open? 1992
When did Planet Fitness start Franchising? 2003

Planet Fitness Franchise Expansion Plans

United States: Nationwide

Financing Options

Expense	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	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

Business Operations

* 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

How much does a Planet Fitness Franchise owner make?

To calculate how much income a franchise owner can do at Planet Fitness Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

Listing Tags

fitness, fitness center, weight loss, exercise, gym, lose weight, personal trainer, nutrition, health club, personal training, health and fitness, healthy lifestyle, fitness club, personal fitness trainer, exercise programs, fitness centers, fitness program, fitness training, health and exercise, workout

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Legal Disclaimer: This information is not a franchise offering for Planet Fitness and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Planet Fitness franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.