NerdWallet strives to keep its information accurate and up to date. 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. We were opening our 5th store then. Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing gym franchises in the United States. Your Royalty payment is currently based on the total gross monthly and annual membership fees for the, You must maintain your equipment according to, Your actual costs may be higher or lower depending on the size of your, You must maintain the franchise premises according to, Franchise Disclosure Document (FDD) Database, Your Lender; Approved Suppliers; Our Affiliate, Paid to various media companies and other third parties to promote the opening of your business, Computer System, Point of Sale System, and other Supplies, Utilities, banks/credit card companies, leased equipment vendors, alarm company, telephone company, Your Out-of-Pocket Initial Training Expenses. This, too, is best evaluated with the help of an accountant or business lawyer, who can help you break down the fine print. In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. [39][29][40], In December 2014, Planet Fitness opened its first international location in Toronto, Ontario, Canada. PF Independent Franchisee Council Planet Fitness estimates the costs to upgrade and/or remodel your facility will range from $70,000 to $600,000 every 5 years. Office Depot, Planet Fitness, Roto Rooter, Starbucks, Taco Bell, Travelers, and United Health Group. Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. Performing this action will delete your account. Planet Fitness Franchise Owners Contact List All financial products, shopping products and services are presented without warranty. The number of fitness franchise locations has been steadily increasing to a total of about 2,039. . All financial products, shopping products and services are presented without warranty. 9 Best Gym Franchises - NerdWallet Planet Fitness Announces 2019 Franchise Awards [54][55] Also in 2016, the company donated more than $1 million to the program. service, Computer System. You have to pay this upfront fee when opening a Planet Fitness franchise. 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.
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