Platoon Fitness vs Spenga Franchise Comparison

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

Start-Up Costs and Fees
 
Platoon Fitness Franchise
Spenga Franchise
Investment $29,300 - $40,100$304,082 - $705,027
Franchise Fee $20,000$49,500
Royalty Fee 6%-
Advertising Fee --
Year Founded 19992015
Year Franchised 20062015
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Platoon Fitness Franchise
Spenga Franchise
Experience --

Financing Options
 
Platoon Fitness Franchise
Spenga Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Platoon Fitness Franchise
Spenga Franchise
Training * Available at headquarters: 2 weeks

* At franchisee's location: 2 months

* Additional training 5 times a year at franchisee's location

-
Support --
Marketing --
Operations * Franchise can be run from home

* Number of employees needed to run franchised unit: 2

* Absentee ownership of franchise is allowed.

-

Expansion Plans
 
Platoon Fitness Franchise
Spenga Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Platoon Fitness

Can you devote the same focus to our franchise as our workout teams do to their fitness? If so, that's the kind of franchisee we're looking for! Platoon Fitness

That's right just like one of our workout teams, we expect our franchise team to be on board with the program 100%. There's simply no point in becoming a part of the team if you are not prepared to put in the effort and keep a sharp focus on the key factors needed to reach our franchise goals. The reason for our company's phenomenal success is no accident. Years of planning, testing, adjusting and refining have taught us many of the pitfalls of business ownership and allowed us to continually improve and learn through experience. A Platoon Fitness franchisee needs a clear mind to focus on the most important task at hand: running a successful business.

About Spenga

"Spenga

Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45 in the U.S., including five locations to open in north Denver and the Boulder area. More than 54 million Americans are working out at boutique fitness studios, which makes it the fastest growing sector of the fitness industry, Many of these active individuals are getting multiple memberships at multiple facilities to get a well-rounded workout. Our goal is to give members their fittest selves without having to go to three different locations.
Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.

#253 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.