3. You began the business by paying your initial franchise fees and now you pay royalties on a regular basis. On Tuesday, that's exactly what discount exercise giant Planet Fitness did, announcing plans to acquire its largest franchisee, Sunshine Fitness, for $800 million. Planet Fitness. The first Planet Fitness franchise opens in Altamonte Springs, FL. Three-year growth rate: 45.9%. HAMPTON, N.H., Jan. 11, 2022 /PRNewswire/ -- 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 1w. Initial franchise cost: $525,500 to $2.96 million. They eventually closed that original location, and brought on a third partner, current CEO Chris Rondeau. When it comes to price, on average, monthly gym memberships cost anywhere from $55/month to as much as $161/month. Planet Fitness offers two types of Planet Fitness memberships: the $10 or Black Card membership. A classic planet fitness membership only allows a member to use one location and doesnt give access to every perk the gym offers. In Entrepreneurs annual franchise list, there were 5 fitness brands in the top 100. The above information has been compiled from the FDD of Planet Fitness. #50 Crunch. website creator Northville, MI-based PF Michigan Group, LLC is one of the nations largest owners and operators of Planet Fitness Gyms, the fastest-growing health club Brain & Body Franchisee Owners List $ 99 Download. Products search. Sunshine Fitness was the first franchisee in the Planet Fitness system and was backed by The cost of buying Anytime Fitness Franchise runs between $46,299 and $321,899, depending on the size of the gym. You will receive franchise approval once your financial and background checks are completed. #90 Burn Boot Camp. On the Planet Fitness app you can access our exclusive training series, powered by iFit. Entrepreneur Franchise 500 list rank: 2. HAMPTON, N.H., Jan. 11, 2022 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers with You have a franchised Planet Fitness gym. Franchisee of the Year: Mike Turner & CJ Bouchard Excel Fitness. #8 Planet Fitness. Led by some of the best Initial Investment: $969,600 to $4,242,500. We started our business in 1992 and refined our brand for a decade or so before franchising in 2003. i have no words to describe the franchise The fitness clubs offer two types of membership with affordable monthly payments for you to choose from, including: No Commitment Membership: It carries the bare minimum and goes for $10 a month. Specifically, we will look at the top ten fitness We hope that all business owners and entrepreneurs read this and can answer these questions about their own business practices. The owner of this established fitness business is known as a franchisor. The franchise owners pay a flat fee of $499 to In total, the Planet Fitness We've put together a list of the most popular and famous planet fitness franchise businesses in the world. Sunshine Fitness is Planet Fitness first franchise group and it continues to experience steady growth across the Southeast amid pandemic with plans to open nearly 15 A range of fitness companies made it onto the 2018 Entrepreneur Franchise 500 list: Planet Fitness, Anytime Fitness, Orangetheory Fitness, Crunch Fitness, Retro Fitness, Planet Fitness. You can visit the business in person or call, Title Boxing Club provides a one-week training program for its franchisees and offers daily webinars and annual conferences. THE ONE AND ONLY JUDGEMENT FREE ZONE. Planet Fitness Inc. has signed a lease for more than 16,000 square feet at 3615 Bradshaw Road, said property owner Ethan Conrad. The local real estate investor bought the retail center, called Bradville Square, in 2018. That year, Conrad also said two new Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of Browse 1000s of reports on 1000s of franchise systems. Planet Fitness franchise startup fee is $20,000. How much do Planet Fitness franchise owners make? Franchise fee: $35,000 ($29,000 if 3 or more are bought) Initial Investment. Franchisees must have an entrepreneurial spirit. Franchises were divided into groups according to price of admission; economy franchise opportunities have entry costs of up to $150,000, coach franchise opportunities have entry costs between $150,001 and $500,000, and first class is $500,000 and up. They include the following; Free gym/Health club/ Fitness membership; Working at planet fitness automatically earns you a gym membership which you can fully utilize to your Feb 24, 2022 8-K Current report filing. JLM Financial Partners, Austin, Texas, and Eagle Merchant Partners, Atlanta, Georgia partnered in This year, when Forbes magazine and FRANdata put together an Bringing Franchise Owners Together to Share and Grow. The 2019 Planet Fitness Franchise Awards were given to the following: Hall of Fame: Jeff & James Innocenti PF Supreme. If you want to research the top fitness franchises, here's who made the Top 10 list in Entrepreneur's Franchise 500 for 2022: 1. Jersey Mike's Subs Submarine Sandwiches Subs A decade ago, Taco Bell was ranked as the No. Planet Smoothies flexible footprint allows franchise owners to start at the size they want, and then scale up into a larger location, and its business model supports easy expansion into Using the Electronic Transfer of Funds (ETF) as a method, the revenue range in 2018 was 513,00 to 5,554,000 With each example, we show website rank, traffic data, and what their websites look like, so you can be inspired for your own business. GREAT PLAY FDD Franchise Disclosure Document Download Sale! Net-worth Requirement: But there are numerous other options in the top 500. The S-1 acknowledges the existance of PFIFA as well as the existance of the Planet Fitness Franchise Advisory Council.
From April 1, 2008 thru November 2012 Here is the detailed cost breakdown of the Planet Fitness franchise: Initial Fee The first and foremost factor that affects the price. Of course, as with all public companies, some people or entities own many more shares than others. Liquid cash requirement: $500,000. As part of the company's franchise agreement, store owners are required to pay a percentage of monthly dues and annual membership fees to Planet Fitness. Planet Fitness Independent Franchisee Council Join Us Today! Franchise Business Review's annual survey polled 30,000 franchisees from 310 franchise brands to determine which brands rank highest in terms of franchisee satisfaction. Answer (1 of 2): You do if you want to. Pro Martial Arts Franchisee Owners List $ 99 Download. Planet Fitness got its start in 1992 when Michael Grondahl acquired a struggling gym. GNC Franchisee Owners List $ 99 $ 179 Download. 42,608 followers. Under Rondeaus leadership, Planet Fitness has experienced tremendous growth and has been recognized for many accolades including, Entrepreneur Franchise 500 Fastest Growing Franchise List, Franchise Times Top 200, Forbes Americas Best Franchises, Newsweek Best Customer Service, and Best Places to Work in New Hampshire. Getting the Name of a Specific Franchise Owner. As part of the company's franchise agreement, store owners are required to pay a percentage of monthly dues and annual membership fees to Planet Fitness. Planet Fitness is committed to providing inclusive equipment in all new clubs and adding it to existing clubs across the country as franchise owners replace current offerings, Naming one Lee J. Shamaley, Jr. as the owner. (opens in new window) (opens in new window) (opens in new window) (opens in new window) (opens in new window) Feb 14, 2022 3 A Boston-based owner of 39 Planet Fitness gym locations has acquired 11 more from a North Shore franchisee, with an opportunity to add 20 or more $ 99 $ 49 Download. 1. (opens in new window) (opens in new window) (opens in new window) (opens in new window) (opens in new window) Feb 14, 2022 3 Initial Statement of Beneficial Ownership. The best way to find out who owns one specific franchise is usually to just ask. Snap-on Tools calls itself the worlds No. They eventually closed that original location, and brought on a third partner, current CEO Chris Rondeau. In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. Initial Nationwide, Planet Fitness membership has grown by McDonalds. Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire, in 1992 and founded Planet Fitness in 1994 after current CEO Chris Rondeau joined as the third partner. Joseph Pepe, Sr. is well known for being the one of the first Planet Fitness franchise owners and has experienced tremendous success throughout his remarkable career. Planet Fitness Franchise Owners Contact List $ 149 Download. Planet Fitness is SA's most loved fitness brand and your home of leading fitness gyms, clubs and classes. We were opening our 5th store then. Started franchising: 1964. That said, franchisees are responsible for additional costs, including a monthly continuing franchise fee (CFF) of either 20% of gross revenue or at Total franchise units: 2,059. NC Planning recently interviewed one of our successful business clients, CJ Bouchard. Initial investments: $50,759 - $693,917. Planet Fitness Franchise Owners Contact List $ 149 Download. Benson has been a franchisee since 2012, when he entered an area development agreement mostly in New Jersey though his ownership interest in BL Technologies, according to an Aug. 1 disclosure filing. All in all, it looks like Planet Fitness' success will only continue to grow. The traditional gym brand is a consistently high 2005. Planet Fitness U.S. franchise growth 2014 The total initial investment to open a Planet Fitness gym ranges from $530,100 to $1,433,000. Planet Fitness nearly 22,000-square-foot gym will open for business Saturday in Statesboro in the Southern Square Shopping Center on Northside Drive. It's huge, clean, and conveniently located in a strip mall situation. Planet Fitness. Bulk Up While the Competition's Down Total units: 7,136. In Massachusetts, new Planet Fitness franchises have opened recently in Reading, Andover, and Shrewsbury. Number Of Franchises: 2,039 (1,900+ in the US) Regions Served: US (all 50 states and Puerto Rico), Annually Updated with New Owners of Planet Fitness Locations in the USA. CJ is a franchise owner for many Planet Fitness gyms in the area. The Planet Fitness franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors. Definition: The total amount necessary to begin operation of the franchise. (opens in new window) (opens in new window) This Franchise Chatter Guide on Planet Fitness and Anytime Fitness was written by Brian Bixler.. ListAbilitys Franchise Owners Mailing List has many selects available, including franchise name, number of franchises owned and more 866-446-2055. 5 reviews of Planet Fitness "This is a great PF. Planet Fitness Fitness Fitness clubs $937K - $4.6M # 8. A Boston-based owner of 39 Planet Fitness gym locations has acquired 11 more from a North Shore franchisee, with an opportunity to add 20 or more additional locations. Contains phone number, address and name of each GRACIE BARRA franchisee. Anytime Fitness is a subsidiary of Self Esteem Brands, its parent company which owns a variety of related franchises such as Basecamp Fitness, Pumpone, Waxing the City, and Healthy Contributions. The Applebee's sits in front of the PF and there is a target and Lowe's Choose the Classic Membership option if you plan to visit the same gym while getting free fitness training. 2% of the gross monthly and annual membership fees payable to franchisees via EFT. Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire, in 1992 and founded Planet Fitness in 1994 after current CEO Chris Rondeau View Details Meaww.com Fitness View More Jim Lekatsos - Franchise Owner - Planet Fitness | LinkedIn In 2002, they purchased the rights to the name Planet Fitness from Rick Berks and renamed their franchise. The deal is expected to close in the first quarter of 2022. Across 50 states and in Canada, Latin America, and Australia. Photo-Peter Casolino. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems. The average Planet Fitness franchise cost usually runs around $853,300 up to $3,669,150. Planet Fitness . A list of Franchise owners. Join top trainers Jesse Corbin and Toby Massenburg and get your heart pumping with good vibes and great workouts, including cycling, treadmill, and strength workouts that you can do in-club or at home. The appointment of Benson will increase the Planet Fitness board from five to six directors. In this Industry Focus: Consumer Goods Bonus episode, Emily Flippen and Motley Fool contributor Dan Kline discuss the latest quarterly results from Planet Fitness ( PLNT Franchise owners go through a six-day training session at the company headquarters in Fort Lauderdale, Florida. #41 F45 Training. Planet Fitness signed a definitive agreement to acquire Sunshine Fitness, a top franchisee in its system with 114 gyms in a cash and stock transaction valued at $800 million. Anytimes claim to fame is how members get 24/7 access to any of its 4,000+ locations around the world. Posted: (1 days ago) In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. The Planet Fitness at 160 Amity Road is changing hands. We've put together a list of the most popular and famous planet fitness franchise businesses in the world. $ 99 $ 79 Download. Planet Fitness Franchise Due Diligence Report Sale! Every year Franchise Business Review review releases its top 200 franchise, and we want to take a look at its 2019 list. Snap-on Tools. 45 Developer of the Year: Tim Kelleher Taymax Group. In Currently, $35,000 for one or more pieces of strength or amenity equipment plus $35,000 for one or more pieces of cardio equipment. The initial fee for Planet Fitness franchises is $20,000. With each example, we show website rank, traffic data, and what their websites look Jul 15, 2021. Ad royalty fee: 4%+. 2006. How much does Planet Fitness franchise cost? When asked to comment on the post, Planet Fitness Senior Vice President of Communications McCall Gosselin issued a statement, saying, We have spoken to the Here's the list: 1 Burn Boot Camp Fit Body Boot Camp Franchisee Owners List $ 99 Download. 2. 1 tool brand, and franchisees sell its products from mobile stores, which are essentially trucks branded as Snap Get the complete 2015 list of GRACIE BARRA franchise owners. Request Free Info. This is the second purchase of a Phoenix group by United PF. Posted: (8 days ago) Posted: (11 days ago) Planet Fitness Franchise Owners Contact List $ 149 Download. Feb 8, 2022. NC Planning: What motivated you to open up your very [] Planet Fitness is a public company. $ 499 $ 299 Download. With this purchase, which was for an undisclosed amount, United PFs club count has grown to 108 clubs across 10 states. And of course, the price depends on many factors. United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. Who Owns Planet Fitness Franchise - 2022. When it comes to potential gym franchise opportunities, no doubt Planet Fitness will make it to the list. In other words, they show how much Planet Fitness franchisees made in the past. Tiger-Rock Franchisee Owners List Initial Investment: $937K to $4.6M. With this purchase, which was for The PF Black Card was introduced at $19.99 a month. Breault said the Pin this product. Anytime Fitness has the franchise fee of up to $42,500, with total initial investment range of $50,759 to $693,917. The franchise fee is $10,000 with an ongoing royalty fee of 5% over the course of the ten-year franchise term, which is renewable. Golds Gym Franchisee Owners List $ 99 Download. Accuracy of all Franchise Complaints Contact Data is Verified for Accuracy. Franchise Business Review's annual survey polled 30,000 franchisees from 310 franchise brands to determine which brands rank highest in terms of franchisee satisfaction. We now have: 2,200+ locations open (and we're just getting started!) $ 499 $ 299 Download We offer detailed franchise research and contact data reports. For aspiring business owners who do not have the time, vision, or resources to "start from scratch," franchising is a viable alternative for business ownership. PF Black Card members can workout at any Planet Fitness in the system, bring a guest at no additional charge, and have access to amenities including HydroMassage, massage chairs, tanning, and more. Read Planet Fitness reviews, including information from current and former employees on salaries, benefits, and more. Consider that the Jul 15, 2021. $936,600 - $4,558,000. The following section provides a revenue and operations statement for three corporate Planet Fitness locations during fiscal year 2010. Nov 13, 2018 . This year, Planet Fitness ranked fourth on their list of best franchises to buy. Join now to become a registered PFIFC member and gain access to a wealth of information that will help you succeed as a Ongoing royalty fee: 4%. #30 Anytime Fitness. Entrepreneur Franchise 500 Rank: 7 th. This support includes:Orientation sessions and extensive trainingsMonthly workshops on club operationsClub website attracting more than 250,000 hits every monthMonthly mystery shopper and franchisee newsletter. Jiffy Lube Franchisee Owners List $ 179 Download. Call us direct at (855) 822-0912 . Planet Fitness Memberships. Beeline FDD Franchise Disclosure Document Download Sale! Planet Fitness is known for its Judgment Free Zone However, experience in fitness franchising isnt a requirement. The private equity owners of United PF Partners, the largest Planet Fitness franchisee conglomerate, have sold the group to American Securities, another New York-based private equity firm, for an undisclosed sum, the companies announced in a Jan. 6 media release. Nine fitness franchises, including Planet Fitness, Gold's Gym and Orangetheory Fitness, were included in this year's list. Pure Barre Franchise Due Diligence Report Sale! Anytime Fitness. 15 franchise opportunities. 93-year-old Hal Baron frequents his local Planet Fitness up to three times a day and says his favorite thing to do is workout. Sunshine Fitness Growth Holdings, an operator of Planet Fitness clubs in the American Southeast, announced on May 31 it acquired two franchise groups representing 31 clubs in Florida, North Carolin | Sunshine Fitness Growth Holdings, an operator of Planet Fitness clubs in the American Southeast, announced on May 31 it acquired two franchise groups Initial investment: $1,263,000 to $2,235,000. It's interesting to take a closer look at that incredibly low $10.00 per month Planet Fitness base membership rate (less than 20% of the industry average). In fiscal year These are. The total investment necessary to begin operation of a single Planet Fitness facility ranges from $673,100 to $1,658,000 for a new location. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. 2. Feb 24, 2022 8-K Current report filing. This includes $71,000 to $158,000 that must be paid to the franchisor. XTEND Barre Planet Fitness Franchise Owners Contact List $ 149 Download. The franchisors costs. Join us for energizing Pride-themed on-demand workout classes, FREE to everyone on the Planet Fitness app! A pair of investment firms have combined to acquire a majority ownership stake in a large Planet Fitness Franchise Owners Contact List $ 149 Download. Operator of the Year: Steve Kindler, Jr. National Fitness Partners. Approval will only be given to candidates who meet all the requirements of franchise owners. If you are looking to invest in a fitness franchise Planet Fitness is one of the best options out there. Initial investment: $968,100 - $4,113,000. Callie Evergreen. -Free black card membership -Free use of amenities - An environment dedicated to making people healthier and feeling better about themselves -Easily meet likeminded Zaxbys Franchise Owners Contact List $ 149 A gym franchise is a fitness business with an established owner. Immerse yourself in the unending ocean of planet 4546B with Subnautica's VR mode. Have questions? You'll find six fun and motivating series, for beginner through intermediate. The average Planet Fitness franchise cost usually runs around $853,300 up to $3,669,150. And of course, the price depends on many factors. Here is the detailed cost breakdown of the Planet Fitness franchise: Initial Fee - The first and foremost factor that affects the price. Franchises can be a great way to tap into this rising tide. Under Rondeaus leadership, Planet Fitness has experienced tremendous growth and has been recognized for many accolades including, Entrepreneur Franchise 500 Fastest Growing Franchise List, Franchise Times Top 200, Forbes Americas Best Franchises, Newsweek Best Customer Service, and Best Places to Work in New Hampshire. United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. The franchise fee is $25,000 and ongoing monthly royalty is 5% of gross sales. That means shares of the company can be bought by anyone and anyone who owns a share is a partial owner. Under Rondeaus leadership, Planet Fitness has experienced tremendous growth and has been recognized for many accolades including, Entrepreneur Franchise 500 Fastest Growing Planet Fitness. SKU: FC-b12ff4e6a882 Categories: Fitness Franchisee Contact Lists, Franchise Owners Contact Lists Tags: Fitness, Health/Beauty, Pla-FitFranchise. Planet Fitness discloses financials at the unit level. Were pretty i do not recommend.