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 estimated 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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Planet Fitness News & Press Releases

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

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

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.

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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.

Planet Fitness

Planet Fitness

Pla-Fit Franchise, LLC
4 Liberty Ln.
West Hampton, NH
03842

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