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. [4], In October 2011, Planet Fitness reached an agreement with NBC to sponsor the network's reality show The Biggest Loser beginning with the 2012 season. Planet Fitness has more members and locations than any other fitness brand. We believe everyone should be able to make financial decisions with confidence. Investing in an Orange Theory franchise is an interesting opportunity, especially for individuals looking to make their way into the Fitness industry. - In the United States, the total investment to start the Planet Fitness gym is around $969,600 to $4,242,500. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. Paid Grace Period. 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. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. Our franchise contact lists contain contact details for both owners of single franchise units and multi-unit franchise owners, that is, franchisees that own many franchised locations. 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. JLM Financial Partners, Austin, Texas, and Eagle Merchant Partners, Atlanta . Sherrill Kaplan joined Planet Fitness in June 2021 as Chief Digital Officer. She received her Bachelors degree from Eastern Connecticut State University. Orange Theory Franchise was founded in Boca Raton, Florida in 2009. is growing quickly: In 2018, The Bar Method saw a 118% growth rate. He also currently serves on the Board of Directors of the NH/VT/ME Region of the American Red Cross and the Business & Industry Association of New Hampshire. Mr. Barber has over 20 years of experience in leadership experience across a variety of industries, most recently serving as the Senior Vice President of Information Technology at United Natural Foods Inc. Even though its smaller than Pure Barre. Ms. Kaplan holds a B.S. And with an incredibly low initial franchise fee and upfront investment, Jazzercise is one of the best low-cost franchises youll find, especially within the health and fitness industry. It is important to talk to other franchisees and see what their costs were for leasehold improvements and construction. [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. You'll build confidence while increasing your fitness knowledge. Prior to Sonus, he worked for more than 10 years in public accounting with both Deloitte and Touche and Arthur Andersen. ), and that attitude trickles down into their culturethey genuinely want people to have fun while they work out. Ms. Gentilozzi has more than 30 years of Human Resources leadership experience at national retail brands, most recently serving as Executive Vice President of Human Resources at FULLBEAUTY Brands where she led all HR initiatives to support 2,000 associates. We also suggest that you speak to 3 5 Planet Fitness owners before opening one yourself. While at Dunkin Brands, he helped lead the technology team that rolled out mobile ordering across 9,000 locations. In her role as Division President, Corporate Clubs, Ms. Simmons will be responsible for leading the Company's Corporate Club portfolio including driving overall performance, leading and developing the team, and identifying strategic growth and expansion opportunities of the brand's corporate store fleet, which consists of more than 200 locations across 14 states and Canada. Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Throughout her tenure, she has held roles of increasing responsibility, with her most recent position being Vice President of National Marketing. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. [28] It ranked in the top 50 of Entrepreneur magazine's Franchise 500 in 2017. 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 following costs are part of the upfront costs included in the initial investment for Planet Fitness locations. United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. Planet Fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services . Currently, the. ? Here is a list of our partners. 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. 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. Benson, who co-founded the former Cabletron Systems, once the . [25][26] The company went public on August 6, 2015. These numbers indicate that potential earnings can vary significantly, and it depends on factors such as locations and how well the business is run. Planet Fitness offers people the opportunity to be a part of the fitness business, but we do not believe this is sustainable. An individual planet fitness franchise owner can make around $513,00 to $5,554,000 annually. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. Performing this action will delete your account. Mind that the franchise requirements for sale could be different depending on the format and scope of business. After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. The Area Development Fee is in addition to the then-current Initial Franchise Fee due for each location at the time the Franchise Agreement for that location is executed. Greater of $60,000 or 7% of the total gross monthly membership fees payable to you via EFT in a quarter, and the greatest of $5,000 or 3% of the total gross monthly membership fees payable to you via EFT in a month. Whether youre a gym rat yourself or youre passionate about helping others achieve their health goals, starting a fitness business can be a dream gig for health-conscious entrepreneurs. Sorry. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. [47], In March 2013, Planet Fitness partnered with 50 Cent to sell his energy drink "Street King". Lets get started. This routine is an 18-minute HIIT workout that targets cardio and endurance. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. This model has become extremely sticky in the fitness industry because while many people want to achieve their fitness goals, they innately lack motivation. You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. Now, youd be hard-pressed to find a gym franchise that doesnt offer some form of barre class, but owning a. takes you straight to the source. Prior to Dunkin, she worked at various communications agencies in both Boston and Washington, DC on behalf of various leading retail brands. Year Business Began: 1992. Building in competition to workouts enhances ones motivation and keeps consumers coming back. Planet Fitness Franchise Owners Contact List $ 149 Add to cart; GNC Franchisee Owners List $ 129 - $ 179 Select options; Club Pilates Franchisee Owners List $ 99 Add to cart; Golds Gym Franchisee Owners List Except for signage, Planet Fitness will not require substantial remodeling more often than every 5 years during the term of the Franchise Agreement. The estimated total investment necessary to begin the operation of a Planet Fitness Franchise ranges from $1,625,600 $4,921,000. Prior to joining Planet Fitness, Mr. Vartanian was a corporate attorney at Devine Millimet. For example, this includes replacing your cardio equipment every 5 years and replacing your non-cardio equipment every 7 years. 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. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. The second Toronto location opened in early 2015. She played a pivotal role in creating breakthrough nation marketing campaigns that have built the brand over the past two decades, including iconic advertising campaigns like Lift Things and No Gymtimidation, along with pillar marketing sponsorships like the brands New Years Eve celebration in Times Square. We reviewed the larger franchise industry as well as selling price multiples for larger systems where more transaction data is available. Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. In this role, he leads all aspects of our U.S. Ultimately, the only way to know which gym franchise is right for you is to do your own due diligence. Previously, she served as Head of Marketing and Sales for Zipcar, the worlds leading car-sharing network, where she was a key member of the executive leadership team responsible for demand and revenue generation and all marketing functions. HAMPTON, N.H., Jan. 11, 2022 - Planet Fitness, Inc. (NYSE: PLNT ), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today it has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC ("Sunshine Fitness"), a leading owner and And with an incredibly low initial franchise fee and upfront investment, Jazzercise is one of the best low-cost franchises youll find, especially within the health and fitness industry. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. [5] It markets itself as a "Judgement Free Zone" that caters to novice and casual gym users, and has faced both praise and criticism for its atmosphere. Mr. Fitzgerald has over 30 years of leadership experience in financial management in the retail industry, most recently serving as Chief Financial Officer and Senior Vice President at Potbelly Sandwich Works.