How Many Planet Fitness Franchises Are There. Planet fitness has the franchise fee of up to $20,000, with total initial investment from $969,600 The average planet fitness franchise cost usually runs around $853,300 up to $3,669,150.
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Planet fitness started franchising units in 2003. And of course, the price depends on many factors.
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Their principal business address is 26 fox run road, newington, nh 03801. They began offering franchises for the operation of planet fitness businesses in february 2003. The net worth requirement for a planet fitness franchise is $3,000,000, while the liquid cash requirement is $1,500,000.
This Can Take As Little As 6 Months To Over 2 Years Depending On The Franchise Opportunity.
As a franchise, planet fitness has grown to include over 2,059 (as of 2020) units since they began franchising in 2003 (18 years). Planet fitness franchise startup fee is $20,000. According to franchise direct, the initial franchise fee is $20,000, while the area development fee is $10,000.
The One And Only Judgement Free Zone®.
The royalty fee for a planet fitness is 7% of the total gross monthly and annual membership fees. The result was a decimated industry, with over 10% of franchised gym businesses shutting in a single year as revenues fell by an estimated 13.2%.the industry hasn’t suffered as much as arts and entertainment, but it has seen tough times.franchised gyms and fitness clubs saw a slightly slower decline of 11.2% in 2020, apparently weathering the pandemic better than. Learn all there is to know about buying a franchise.
You Will Want To Look At The Market Availability For Planet Fitness Franchises And See If There Are Available Markets In Your Location Of Interest Before Proceeding With The Franchising Application.
How much do planet fitness franchise owners make?franchised only2019bottom thirdmiddle thirdaverage annual eft revenue*$1,174$1,741median annual eft revenue*$1,219$1,731high annual eft. 2,000+ locations open (and we're just getting started!) across 50 states and in canada and latin america. 10 best fitness franchises to own in 2022.
Here Is The Detailed Cost Breakdown Of The Planet Fitness Franchise:
The planet fitness franchise sets itself apart from other gyms by being the judgement free zone where everyone can feel comfo. We started our business in 1992 and refined our brand for a decade or so before franchising in 2003. But there are numerous other options in the top 500.