Planet Fitness vs Legends Boxing Franchise Comparison

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.

The Legends Boxing brand has “put in the hard yards” to ensure that the franchise owner has a spectacular fitness club that provides its members with a safe, respectful, and cutting-edge atmosphere. When you franchise with Legends, you receive a full-service real estate team, prompt turnkey construction processes, a marketing plan that quickly grows membership, ongoing training and support, and a proven business model to follow.

The total investment necessary to begin operation of a Legends Boxing franchise is approximately $313,951 to $621,035. This includes $64,850 that must be paid to the franchisor or their affiliates.

The total investment necessary to begin operation under a Legends Boxing area development agreement is approximately $366,951 to $734,835 for 3-5 Franchised Businesses within a Development Area (with 2 as the minimum). This includes $117,850 to $178,650 that must be paid to the franchisor or their affiliates.