Browse 1000s of reports on 1000s of franchise systems. - In Indian currency, the investment comes around Rs 7,14 crores to Rs 31,23 crores. As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. Assistant Assigning Editor | Small-business finance, personal finance. According to their website, Pure Barre is the oldest and most established barre studio out there.
Fitness Franchisee Contact Lists - FranchiseComplaints.org Start a Planet Fitness Franchise in 2023 - Entrepreneur Our partners compensate us. LearningRx Franchise Corporation 5085 List Drive, #200 Colorado Springs, CO 80919 Phone: (719) 264-8808 Liz Anderson . Prior to Planet Fitness, Ms. Gosselin worked at Dunkin Brands on the global public relations team. Estimated annual transaction costs per location range from $9,000- $72,000, Equal to 50% of our then-current initial franchise fee. [19] According to a Planet Money episode from 2014, "half of the Planet Fitness members don't ever go to their gyms. process lies in obtaining a current list of Planet Fitness franchise owners. Throughout his tenure at Dunkin Brands, Mr. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. Ms. Gosselin was named a Top Woman in PR by PR News in 2020. Your experience may vary depending on whether you finance tenant improvements, your location, and other factors. Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Their popularity mostly comes down to their unique business model: All Anytime Fitness locations are open 24 hours a day, seven days a week, and members can access any of those 4,000+ locations no matter where they are in the world. Jennifer Simmons joined Planet Fitness in 2013 as a business analyst, later joining the executive leadership team as Senior Vice President of Business Strategy and Analytics and in 2022 was named Division President, Corporate Clubs. We offer detailed franchise research and contact data reports. ", "2017 Top Franchises from Entrepreneur's Franchise 500 List", "Planet Fitness members outraged over March bill amid coronavirus closures", "Planet Fitness CEO says gym visits are holding up against the omicron variant", "Planet Fitness Seeing Minimal Impact So Far From Omicron", "Planet Fitness Franchise (Costs + Fees + FDD)", "Planet Fitness Franchise Costs & Fees, Planet Fitness FDD & Franchise Information | FranchiseDirect.com", "Planet Fitness Franchise Cost & Fees | How To Open | Opportunities And Investment Information", "Planet Fitness Prices & Membership Cost", "17 January Gym Discounts That Are Too Cheap to Pass Up", "Planet Fitness is raising the price of its Black Card membership but still offers a $10 option", "American gym powerhouse chooses Brampton for first suburban Canadian location", "Cheap 'n' cheerful chinups: Canada welcomes Planet Fitness, the $10 gym for those bad at gym", "Planet Fitness Continues International Expansion in Dominican Republic", "Planet Fitness opens first Hawaii location at Ala Moana Center", "10 Million Reasons to Get Pumped About Planet Fitness", "Planet Fitness to Sponsor 'The Biggest Loser', "50 Cent and Joan Rivers Kick It At The Gym [PHOTOS]", "Planet Fitness To Launch New Global Campaign On New Year's Eve", "Planet Fitness sponsors New Year's Eve celebration despite pandemic", "David Gilliland Racing Fielding Fourth Entry for Joey Logano in Bristol Dirt Race", "The Judgement Free Zone: Judgement Free Generation Video Contest", "Planet Fitness Opens In Fremont, Donates $1K To Boys & Girls Club", "Planet Fitness 'Judgment Free Zones' a Model of Inclusion", "Planet Fitness Anti-Bullying Initiative $1M Success", "Planet Fitness debuts fitness room for kids at Boys and Girls Club in Manchester", "Planet Fitness Opens Judgement Free Gym at Pasadena Boys and Girls Club", "Planet Fitness raises $1M for Boys and Girls Clubs of America", "Planet Fitness named national gym sponsor of 'The Biggest Loser', https://en.wikipedia.org/w/index.php?title=Planet_Fitness&oldid=1142494313, Companies based in Rockingham County, New Hampshire, Companies listed on the New York Stock Exchange, Health care companies established in 1992, Medical and health organizations based in New Hampshire, Short description is different from Wikidata, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 2 March 2023, at 18:29. Review the chart below to see how much it costs to buy a Planet Fitness franchise in 2022. If you own and operate multiple Planet Fitness businesses in the same market area and LAF spending for them is combined. As can be seen, Planet Fitness stock has outpaced the S&P 500 by almost 2x. Even after the pandemic hit, it continued to grow at a rate of over 100 units. Have questions? If you sign an Area Development Agreement, the Initial Franchise Fee for each location opened under the Area Development Agreement will be $20,000 for Franchise Agreements entered into within four years of the effective date of your Area Development Agreement. Like.
Planet Fitness Franchise (Costs + Fees + FDD) | Franchise Direct Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. ), and that attitude trickles down into their culturethey genuinely want people to have fun while they work out. Your actual costs may be higher or lower depending on the size and location of your Planet Fitness business. Planet Fitness Franchise Cost The estimated total investment necessary to begin the operation of a Planet Fitness Franchise ranges from $1,625,600 - $4,921,000. - In Philippine currency, the investment comes around Php 47,15 million to Php 206,34 million. The U.S. has the biggest Fitness market in the world, both in terms of revenue and in the number of members enrolled in a fitness facility. However, this does not influence our evaluations. At Yum! Their popularity mostly comes down to their unique business model: All Anytime Fitness locations are open 24 hours a day, seven days a week, and members can access any of those 4,000+ locations no matter where they are in the world. The total investment to open a Planet Fitness gym ranges from $728,290 - $3,777,800. We also suggest that you speak to 3 5 Planet Fitness owners before opening one yourself. He began working at Shell in 2001, holding broad and diverse roles including strategy, business development, project management, and deal delivery. Participants are given heart-rate monitors, and their results are displayed on screens throughout the room over the course of this hour-long, interval-based, coach-led workout. New franchise owners can also expect to participate in a comprehensive training program, as the franchise requires their franchisees to be certified barre instructors. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. Pure to Joseph Pilates' original Reformer-based Contrology Method, but modernized with group read more. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. This information may be different than what you see when you visit a financial institution, service provider or specific products site. "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. If you can name a franchise business, it's probably on our Franchise owners marketing list. has over 8,900 franchises across the country. Compared to $145 million in 2020, they saw an increase of 44% from 2020 to 2021. Point of Sale System, and other Supplies, Your Out-of-Pocket Initial Training Expenses, Operating Cash (Additional Funds Pre-Opening and first six months), $7% of the total gross monthly and annual membership fees payable to you via EFT Dues Draft, Internet Membership and Balance Payment Administration Fee, Set according to our Methods of Operations, presently 55 per membership application or balance payment we process for your franchise location, Fees to Evaluate and Approve Alternative Suppliers, Our reasonable costs and expenses, which currently are expected to range between $1,000 and $5,000, although costs could greatly exceed those amounts depending on the product, Will var under the circumstances: estimated insurance premiums for your first year are $10,000 to $20,000. Orangetheory Fitness provides a totally unique (and seriously hard) group workout experience. That said, all of the gym franchises on this list (and those that arent on this list) allow curious investors to request more information for free. Mr. Rondeau also received an honorary doctorate degree from Philadelphia University and received the Universitys honorary innovation medal. Prior to joining Planet Fitness, Ms. Simmons worked in Finance and Business Planning roles for Timberland, PepsiCo, and Fisher Scientific International. The more franchises you own, the more earning potential you have as private equity firms become interested in your business instead of individual owner-operators. 1. Prior to Jiffy Lube, he served on Shells global Downstream Acquisitions & Divestments Leadership Team with responsibility for transaction delivery across North and South America. Mr. ODonnell has nearly 20 years of experience in a variety of finance and accounting roles.
PLANET FITNESS - 57 Photos & 19 Reviews - Yelp Planet Fitness Franchise Cost & Opportunities 2023 | Franchise Help In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. Find Accurate Contact Data for Fitness Franchise Owners. We got you! An offshoot of the (purportedly) $7 billion UFC brand, UFC Gyms offer MMA-inspired personal and specialized training, traditional and fusion martial arts classes, and youth fitness classes. Prior to that he served as the Chief Operating Officer since 2003. At that time, Michael Grondahl stepped down as CEO and Chris Rondeau took his place and has held the position since. McCall Gosselin joined Planet Fitness in January 2013 and currently serves as SVP of Communications and Corporate Social Responsibility. Currently, the. [21] Some bodybuilders and weight lifters have found the way they're portrayed in Planet Fitness TV commercials to be offensive, and the way they're treated in Planet Fitness gyms to be "quite possibly discriminatory. Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. Planet Fitness franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $20,000 Site Selection Costs: $0 to $10,000 Construction Development Plan Review Fee: $0 to $4,000 Leasehold Improvements: $1,250,000 to $2,163,000 Fitness Equipment: $34,000 to $953,000 Non-Fitness Equipment: $63,000 to $825,000 Call us direct at (855) 822-0912, Get Contact Details & Mailing List of Planet Fitness Franchisees, The difficult part of this step of the franchise buying due diligence. [28] It ranked in the top 50 of Entrepreneur magazine's Franchise 500 in 2017. Youre about to cancel your subscription. In addition to offering their signature classes, Pure Barre studios also generate revenue through teacher training and selling premium workout clothes. Franchising Since: 2000.
Franchising | Planet Fitness From the start, Planet Fitnesswas an inclusive, non-intimidating gym and in 1997, Planet Fitness officially unveiled its Judgement Free Zone philosophy. "[21] Planet Fitness has been criticized for prohibiting certain weightlifting exercisessuch as deadlifts and clean-and-jerksthat many experts believe are highly effective. You must pay a supplemental fee of $5,000, per location remaining to be developed, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. 4 Liberty Ln. industry. We offer the most complete and most accurate mailing/telemarketing list for Planet Fitness franchise owners. In this role, he will lead the Companys technology evolution and strategy, focused on delivering technology solutions that will continue to enhance the member experience while optimizing infrastructure, data and operations for flexibility and scale. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Fitness centers have experienced sustained growth since the post-economic crisis in 2009. Due Date: Expended according to Planet Fitness Methods of Operations as per your advertising budget. Planet Fitness Fitness clubs 2023 Franchise 500 Rank #28 Ranked #7 last year See the Full List Initial investment $1.6M - $4.9M Units as of 2022 2,324 25.0% over 3 years Jump to Franchising. Planet Fitness franchise opportunities are proven by 1,500 clubs successfully operating worldwide. Fitness franchises are currently booming with the largest franchises globally being Anytime Fitness and Planet Fitness. Thats why we put together this complete mailing/telemarketing list containing contact the names, phone numbers and physical addresses of business owners in the franchise system and certain former franchise operators. The franchise has since modernized their routines and worked Pilates, yoga, hip hop, kickboxing, and strength training into their classes, which they claim can burn up to 800 calories in one hour. ASK QUESTIONS ABOUT THE FRANCHISE, Distributorship Opportunities For Business, the terms of
Comment. After you cover your startup costs, your total gross monthly take could greatly exceed your expectations, depending on how many memberships you sell. Considering its massive brand recognition, the initial investment required to open a UFC Gym franchise is relatively low. Upon your submission of your Construction Development Plans for our approval, Point of Sale Support, Processing and Account Management Services Fees, $149-$199 plus processing and credit card fees based on the number of transactions processed per month or number of eligible accounts enrolled in collections. In this role, she is responsible for all aspects of the companys internal and external communications, including public relations, crisis management, executive communications, philanthropy, community relations and sustainability. Mr. Fitzgerald began his career at PepsiCo, where he held various leadership roles in finance and planning. ", "Planet Fitness revokes woman's membership after transgender complaint", "Planet Fitness Has New Investor; Promotes Rondeau To CEO", "Former Radio Shack CFO Fills Planet Fitness Hole", "Planet Fitness goes public, hits mark in first day of trading", "Ranking America's Best And Worst Franchises: Which Are The Best Investments? Except for signage, Planet Fitness will not require substantial remodeling more often than every 5 years during the term of the Franchise Agreement. The fitness center industry is mainly divided into two groups, either a specialized fitness boutique or a full-scale gym with multiple amenities and services. And in 2019, gym franchises specifically contributed $4 billion to the $34 billion gym, health, and fitness industry. At Jiffy Lube, he oversaw the strategic direction of the company, and managed franchise relationships to create a shared vision for the brand, drive network growth, and maintain Jiffy Lubes leading market share. Mr. Rondeau joined Planet Fitness in 1993, working the front desk at the very first location in Dover, NH, one year after the original founders, Michael and Marc Grondahl, started the Company in 1992. An innovative entrepreneur, Mr. Rondeau was honored as an EY Entrepreneur of the Year and inducted into the UNH Alumni Entrepreneur Hall of Fame. Both franchising units and company-operated stores have increased. The Fitness Center industry has over 111,000 businesses with a market size of $34 billion, and it supports over 800,000 jobs. The franchise also requires that candidates have at least $100,000 in combined liquid assets and a total net worth of at least $250,000. As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. 1),[16] and in its 2016 ranking of franchises, Forbes magazine ranked Planet Fitness No.
PDF Together We Are Franchising Franchise. In other words, franchising takes most of the heavy lifting off your shoulders. So any aspiring entrepreneur with a passion for fitness may be eligible for gym franchise ownership, whether theyre a trained fitness pro or not. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. has opened over 4,000 locations on all seven continents. The Judgement Free Zone was started to help first-time gym users feel more comfortable starting their fitness journey. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets. In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. The Planet Fitness franchise was founded in 1992 and has been franchising since 2003. Office Depot, Planet Fitness, Roto Rooter, Starbucks, Taco Bell, Travelers, and United Health Group. So long as you are not decided on the fitness industry, we recommend you have a look at other offerings. Pre-qualified offers are not binding. [11][12] Berks had been catering to the bodybuilding culture in his Gold's Gym. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness.
Planet Fitness Franchise Cost & Fees | How To Open | Opportunities And Planet Fitness Franchise Owners Contact List $ 149 Verified List of Planet Fitness Owners Contact Data We offer the most complete and most accurate mailing/telemarketing list for Planet Fitness franchise owners. These figures are estimates based on Planet Fitness and its affiliates experience in operating locations. Prior to joining Planet Fitness, Mr. Vartanian was a corporate attorney at Devine Millimet. In fact, in a recent Inc. 5000 list of the 10 fastest growing franchises, four were fitness franchises. Chris Rondeau has served as the Chief Executive Officer of Planet Fitness since January 2013. And in 2019, gym franchises specifically contributed $4 billion to the $34 billion gym, health, and fitness industry. In this role, she oversees general HR operations, talent acquisition, leadership development, business partner support, culture and employee engagement, benefits and compensation. Please scroll down for a partial list of franchise businesses. If a fitness business with a franchise sounds good, heres nine of the most promising options for a gym franchise. With that in mind, Planet Fitness franchisees will need to pay for that international brand recognitionopening a Planet Fitness franchise may cost over $4 million. That said, franchisees are responsible for additional costs, including a monthly continuing franchise fee (CFF) of either 20% of gross revenue or at least $250 per month. Rated Excellent on TrustPilot with feedback from 50+ customers. Prior to that, he served as the Director and General Manager of internet startup Kozmo, where he was responsible for new market development and operations. All told, their gyms boast over 14 million members worldwide. The estimated total investment necessary to begin the operation of an Orange Theory Franchise ranges from $657,542 to $2,105,322. [17], As part of their effort to create a non-intimidating environment, Planet Fitness has alienated many serious weight lifters. Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List.
Ongoing Royalty Fee: $449 - $549/mo. By becoming a franchise owner, you can benefit from a proven business model, existing customer base, and franchisee support system. Here is a list of our partners and here's how we make money. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. Planet Fitness trademarked the phrase judgment free zone, so that alone should give you a sense of this gyms major value: inclusivity for all people, regardless of their fitness levels. locations around the U.S. as well as Canada and the Dominican Republic. Jamie Medeiros joined Planet Fitness in 2000, where she worked at the front desk in the Companys third location before transitioning to the Planet Fitness corporate marketing team.
Planet Fitness Franchise Cost and Requirements for 2023 - IFPG Then, you will be in compliance with the LAF requirement if you spend an amount that satisfies the LAF obligations for all the Planet Fitness businesses in the aggregate. This could be an indicator that franchisees are doing really well. Planet Fitness Independent Franchisee Council Join Us Today! As of December 2021, 98% of all franchised stores were owned and operated by A franchisee group that owned at least three stores, and while Planet Fitness Largest franchisee owned 175 Stores, Only 33% of its franchisee groups own more than 10 stores. 6.4 miles away from Planet Fitness. Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List. Prior to Sonus, he worked for more than 10 years in public accounting with both Deloitte and Touche and Arthur Andersen. Order now to get instant access to the complete Planet Fitness franchise owners. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. Ms. Simmons has an MBA in Finance from the University of New Hampshire and holds dual Bachelors degrees in Economics and Sociology from Indiana University. [39][29][40], In December 2014, Planet Fitness opened its first international location in Toronto, Ontario, Canada. Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying. Mind that the franchise requirements for sale could be different depending on the format and scope of business. [46], Planet Fitness reported that it has around 2,400 gyms worldwide with a total membership of 17 million, generating an annual revenue of $936.8 million at the end of 2022. Initial term lengths last 10 years. Franchise candidates can expect to pay anywhere between $354k to $1.2m. 1,600+ locations open and we're just getting started! The initial Planet Fitness Franchise Fee is $20,000. Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. But buying into a gym franchise is a less risky venture than building a gym from the ground up. Annually Updated with New Owners of Planet Fitness Locations in the USA. [8][9][7] In 2002, they purchased the rights to the name Planet Fitness from Rick Berks and renamed their franchise. It offers classes for dance, aqua, cycle, box, pilates, and many more. In this role, he has overall leadership and accountability of the brands primary revenue producing business segments, including U.S. and international franchise operations and development, equipment sales, and Corporate stores, in addition to both the technology and legal functions. The Area Development Fee is uniform and non-refundable. As a result, she has played an instrumental role in the major strategic decisions made by the Company. Once you start operating your Pure Barre location, youll be responsible for a monthly royalty fee of 7% of gross sales and a 1% monthly marketing fee. She is based in Santa Monica, California. Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying.
Planet Fitness Announces Winners of Annual Franchisee Awards - PR Newswire Planet Fitness Franchise Ownership FAQs - smallbiztrends.com Find other similar franchises in our catalog! Plus, that smaller pool of franchisees means each one receives more personalized support from the company. To be eligible to open a Crunch Fitness franchise, candidates must have at least $1 million in net worth and access to $300,000 to $400,000 in liquid assets. Ms. Gentilozzi is a certified Senior Professional in Human Resources (SPHR). She also served as Senior Vice President of Human Resources at Macys Inc., and has held various leadership positions at The May Department Store Company, including corporate and division roles. [32][33], Planet Fitness started franchising units in 2003. The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. NerdWallet strives to keep its information accurate and up to date. The initial Planet Fitness Franchise Fee is $20,000.
Franchise Owners Contact Lists - FranchiseComplaints.org In this role, he leads all aspects of our U.S. When evaluating offers, please review the financial institutions Terms and Conditions. However, the profit varies on your location also. We believe everyone should be able to make financial decisions with confidence. Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. [48], Since December 2014, Planet Fitness has been the official fitness sponsor of Dick Clark's New Year's Rockin' Eve on ABC. Get in touch with Planet Fitness Owners from around the US with verified contact data for all owners of all Planet Fitness locations. Brian ODonnell joined Planet Fitness in February 2016 and currently serves as VP, Chief Accounting Officer. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. Annually Updated with New Owners of Planet Fitness Locations in the USA. Additionally, he held several leadership positions at Liz Claiborne, was Chief Financial Officer at Burlington Coat Factory, and served as Chief Operating Officer of Bath & Body Works. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. 4. 2- Based on a midpoint investment of $3,273,300 with estimated profits of $154,587 at a 10% profit margin, it would take about 21 years to recoup your investment. The Planet Fitness franchise sets itself apart from other gyms by being the "Judgement Free Zone" where everyone can feel comfo. Planet Fitness Franchise Owners' Salary Your gross monthly take is based on your memberships, which range from $10 to $25 per month for the franchise. Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. Be advised to match Planet Fitness franchise cost and profit by analyzing low and high fees you need to pay starting a Planet Fitness franchise. He held multiple store operations positions with P&L responsibility progressing from Store Manager to Regional Manager. Planet Fitness has more members and locations than any other fitness brand. Planet Fitness franchise was founded in 1992 by Marc and Michael Grondahl in Dover, New Hampshire. You'll build confidence while increasing your fitness knowledge. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Even though the history of barre dates back to 1959, when the discipline was created by former ballerina Lotte Berk, the ballet/Pilates/yoga hybrid saw a huge boom in the 2010s. They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau.
9 Best Gym Franchises - NerdWallet Here is a list of our partners. We reviewed the larger franchise industry as well as selling price multiples for larger systems where more transaction data is available. If you are an individual with a passion for fitness and are willing to invest an amount ranging from $657,542 $2,105,322 or more, Orange Theory might be the right fit for you. These numbers indicate that potential earnings can vary significantly, and it depends on factors such as locations and how well the business is run. Paul Barber joined Planet Fitness in October 2022 as the Companys Chief Information Officer. - In Saudi Arabia currency, the investment comes around SR 3,64 million to SR 15,91 million.