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Updated RecentlyPlanet Fitness vs AKT Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs AKT including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $968,100 - $4,113,000 | $341,200 - $529,900 |
| Franchise Fee | $20,000 | $60,000 |
| 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 |
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| Experience | - | - |
Financing Options |
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| 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 |
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| 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | Yes |
| 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.
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#7 in Franchise 500 for 2020.
#8 in Franchise 500 for 2021.
About AKT
!["AKT]("https://fddexchange.com/wp-content/uploads/2019/07/AKT.png")
AKT is a dance-based cardio concept, offering a unique combination of four
modalities: toning, interval, circuit and dance. With new original
programming created every 3 weeks and the belief that movement has a
powerful, lasting impact, AKT is for all body types and fitness levels.
With this positivity and a combination of personal training and
movement-based technique, AKT empowers members across the country to
become stronger in their bodies, minds and communities - and they have
fun doing it!
With a proven concept in one of the most competitive markets, AKT has
extensive market potential - be the first to bring AKT's unique workout
to your local market!
AKT has the brand strength and proven franchise model to deliver excellent
profit potential. International & U.S. markets are available for
multi-unit and single-unit investors. Don’t miss the opportunity to own
your local market!