How Much Is A Planet Fitness Franchise. To start the planet fitness franchise cost around $700,000 to $3.8 million. Planet fitness franchising llc is the franchisor.planet fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services, related services and ancillary goods.
17 rows how much does planet fitness franchise cost? However, these numbers can be very unlikely. The main variables include whether you.
Planet Fitness Has The Franchise Fee Of Up To.
Fitness owners currently earn between $26500 and $78,000 a year (25th and 75th percentiles). The franchise also pays 5% royalty fee on all sale. 17 rows how much does planet fitness franchise cost?
How Much It Cost To Open A Planet Fitness.
Franchise fees planet fitness franchise fees total around $20,000, which beats out the $37,000 average for the 200 largest franchises nationwide. How much is it to open a planet fitness franchise. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.
How Much Does It Cost To Open A Planet Fitness Franchise?
However, according to planet fitness, this can be as low as 4 years. The minimum investment amount required to open a planet fitness franchise is $936,600 and can go all the way up to $4,558,000. This can take as little as 6 months to over 2 years depending on the franchise opportunity.
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.
As a franchise, planet fitness has grown to include over 2,059 (as of 2020) units since they began franchising in 2003 (18 years). The planet fitness franchisee must provide these services on a 24 hour a day basis unless prohibited by law or authorized by the franchisor in writing. Is owning a planet fitness franchise a good investment?
The Minimum Startup Costs For A Planet Fitness Franchise Business:
And of course, the price depends on many factors. 2,200+ locations open (and we're just getting started!) across 50 states and in canada, latin america, and australia. There is an initial franchise fee of $20,000 which grants you the.