Planet Fitness vs Physique 57 Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs Physique 57 including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Planet Fitness Franchise
Physique 57 Franchise
Investment $968,100 - $4,113,000$284,537 - $615,551
Franchise Fee $20,000$50,000
Royalty Fee 7% of Gross Membership Fees7%
Advertising Fee 9%-
Year Founded 19922005
Year Franchised 20032019
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Planet Fitness Franchise
Physique 57 Franchise
Experience --

Financing Options

 
Planet Fitness Franchise
Physique 57 Franchise
  In-House/3rd PartyIn-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

 
Planet Fitness Franchise
Physique 57 Franchise
Training * Available at headquarters: 2 weeks * At franchisee's location: as needed On-The-Job Training: 40-185 hours Classroom Training: 45-100 hours
Support * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperativesGrand Opening Security/Safety Procedures Field Operations Site Selection
Marketing * Co-op advertising * Ad slicks * Regional advertising Ad Templates Social media SEO Website development Email marketing
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

 
Planet Fitness Franchise
Physique 57 Franchise
US Expansion YesYes
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.

"Entrepreneur

#7 in Franchise 500 for 2020.
#8 in Franchise 500 for 2021.






About Physique 57

"Physique
 With studios across the globe in the United States, Dubai, Bangkok, Manila, and Mumbai, Physique 57 inspires clients of all ages to transform their bodies and strive for optimal well-being by providing a dynamic, challenging and empowering fitness experience.

 Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. Physique57 may not be registered in all of the registration states and may not offer franchises to residents of those states or to persons wishing to locate a franchise in those states. If you are a resident of or want to operate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. 

Coming in 2021
Physique 57 delivers results in only 8 workouts as a result of our scientifically based proprietary method. Efficient and effective for busy women who want rapid, visible transformations that can be maintained long term.