All told, their gyms boast over 14 million members worldwide. She is based in Santa Monica, California. 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. In addition to offering their signature classes, Pure Barre studios also generate revenue through teacher training and selling premium workout clothes. Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. In this role, she is responsible for all aspects of the companys internal and external communications, including public relations, crisis management, executive communications, philanthropy, community relations and sustainability. 1- Based on a midpoint investment of $3,273,300 with estimated profits of $77,293 at a 5% profit margin it would take about 42 years to recoup your investment. Orange Theorys success is quite similar to Pelotons rise to fame. Here is a list of our partners. Mind that the franchise requirements for sale could be different depending on the format and scope of business. Crunch isnt quite as widespread as Planet Fitnesscurrently, they have 300+ open locations in 29 states and five countriesbut with plans to open an additional 1,000+ locations, theyre growing quickly. An individual planet fitness franchise owner can make around $513,00 to $5,554,000 annually. Depending on the location and pre-existing structure that is being purchased, you could see your expenditure being on the lower or higher end of this spectrum. You'll also benefit from . "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. - In currency of the United Kingdom, the investment comes around 694,900 to 3,040,600. An innovative entrepreneur, Mr. Rondeau was honored as an EY Entrepreneur of the Year and inducted into the UNH Alumni Entrepreneur Hall of Fame. Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. Planet Fitness offers people the opportunity to be a part of the fitness business, but we do not believe this is sustainable. 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. Office Depot, Planet Fitness, Roto Rooter, Starbucks, Taco Bell, Travelers, and United Health Group. After establishing a strong reputation across the fitness industry, Latham decided to seek a larger challenge and transitioned from the study of physiology to owning a gym that implemented a business model that remains in place across all studios to this day: offering trainer-led group workout sessions, which are broken into intervals of cardiovascular and strength training. Planet Fitness Franchise Owners' Salary Your gross monthly take is based on your memberships, which range from $10 to $25 per month for the franchise. Planet Fitness franchise is growing, and it is growing fast. That said, Orangetheory is designed for people of all fitness levels, since participants can go entirely at their own pace. ASK QUESTIONS ABOUT THE FRANCHISE, Distributorship Opportunities For Business, the terms of The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. For example, this includes replacing your cardio equipment every 5 years and replacing your non-cardio equipment every 7 years. Performing this action will delete your account. Along with Pure Barre, The Bar Method is one of the best-known barre studios in the country. We believe everyone should be able to make financial decisions with confidence. The estimated total investment necessary to begin the operation of an Orange Theory Franchise ranges from $657,542 to $2,105,322. Assistant Assigning Editor | Small-business finance, personal finance. There are tons of gym franchises seeking new location owners, but this list represents nine of the most promising gym franchises on the market right nowbased mainly on name recognition, growth rate, and franchisor support system. Rated Excellent on TrustPilot with feedback from 50+ customers. The franchise also requires that candidates have at least $100,000 in combined liquid assets and a total net worth of at least $250,000. If you are an individual with a passion for fitness and are willing to invest an amount ranging from $657,542 $2,105,322 or more, Orange Theory might be the right fit for you. 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. You must commit to opening a one or more PLANET FITNESS locations as a condition of acquiring area development rights, either yourself or through one or more entities in which you own 51% or more interest. 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. The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of Planet Fitness franchise owners. [16] Planet Fitness became known as the "Judgement Free Zone", aimed more at the average user than the bodybuilder type of fitness enthusiast. Pure to Joseph Pilates' original Reformer-based Contrology Method, but modernized with group read more. Pre-qualified offers are not binding. Robert Beaupre leads the SMB team at NerdWallet. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. LearningRx Franchise Corporation 5085 List Drive, #200 Colorado Springs, CO 80919 Phone: (719) 264-8808 Liz Anderson . They provide an affordable, high-quality fitness experience in a welcoming environment. - In Malaysian currency, the investment comes around MYR 3,93 million to MYR 17,21 million. Additionally, he held several leadership positions at Liz Claiborne, was Chief Financial Officer at Burlington Coat Factory, and served as Chief Operating Officer of Bath & Body Works. Here is a list of our partners and here's how we make money. The Area Development Fee is uniform and non-refundable. Planet Fitness Independent Franchisee Council Join Us Today! Crunchs fees are on the lower end of the scale: Royalty fees are 5% of monthly gross sales, and advertising fees are 2% of monthly gross sales. From the start, Planet Fitnesswas an inclusive, non-intimidating gym and in 1997, Planet Fitness officially unveiled its Judgement Free Zone philosophy. Estimated total initial investment: $58,870 to $521,437. To be eligible to open a. , candidates must have at least $1 million in net worth and access to $300,000 to $400,000 in liquid assets. Planet Fitness Franchise Owners Contact List $ 149 Verified List of Planet Fitness Owners Contact Data We offer the most complete and most accurate mailing/telemarketing list for Planet Fitness franchise owners. But buying into a gym franchise is a less risky venture than building a gym from the ground up. He began working at Shell in 2001, holding broad and diverse roles including strategy, business development, project management, and deal delivery. You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. Royalty fees and advertising fees are generally calculated as a percentage of gross sales in franchise agreements, but Anytime Fitness rates are flat from month to month, which makes it easier for you to plan and organize your expenses. Throughout her tenure with Planet Fitness, Ms. Simmons built the Business Strategy and Analytics functions from the ground up, leveraging data, analytics and insights to develop and drive Planet Fitness overarching corporate strategy, propel the business forward, and reinforce the brands industry leadership position. Planet Fitness estimates the total costs to re-equip your facility with both cardio equipment and all other exercise equipment will range from $314,000 to $922,000 every 5 to 7 years. Earlier in her career, Ms. Kaplan held several digital and marketing leadership roles at global brands including American Express and Citi, Inc. She serves as an independent member of the Fiesta Restaurant Group Board of Directors, as well as the Massachusetts Innovation & Technology Exchange (MITX). Estimated total initial investment: $1 million to $4.1 million. JLM Financial Partners, Austin, Texas, and Eagle Merchant Partners, Atlanta . By contacting current franchise owners and asking about their experience with the franchised business, the earnings and/or success thus far, training and support from the franchisor, Pla-FitFranchise, and whether or not they would buy the franchise again if they could do it all over again, you can learn what its really like to own a Planet Fitness business before you actually purchase a franchise. The Grondahls changed the gyms name to Planet Fitness in 1994. Bringing Franchise Owners Together to Share and Grow. Gym franchises dont get much more classic than Jazzercise, the high-intensity, dance-cardio fusion class that became a fitness mainstay during the 80s exercise boom. An offshoot of the (purportedly) $7 billion UFC brand, UFC Gyms offer MMA-inspired personal and specialized training, traditional and fusion martial arts classes, and youth fitness classes. 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. This FREE 10-part progressive program will help you get movin'. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. 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. The second Toronto location opened in early 2015. - In the United States, the total investment to start the Planet Fitness gym is around $969,600 to $4,242,500. It was founded in 2001, began franchising in 2008, and currently has over 120 locations in 26 states. You must pay a supplemental fee of $5,000, per location remaining to be developed, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. When you go to sell a Planet Fitness franchise based on the median multiple of .67 and net sales in 2021 of $1,545,877, it would sell for $1,035,737. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. Mr. Barber holds a B.S. Like Planet Fitness, Crunch Fitness prides themselves on creating an environment free of judgment (they actually trademarked the phrase No Judgments). As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. You have to pay this upfront fee when opening a Planet Fitness franchise. Greater of $15,000 or 7% of the total gross quarterly EFT Dues Draft, Expended quarterly according to our Methods of Operations as per your advertising budget, Varies, maximum of 9% total gross monthly EFT Dues Draft, Our actual costs, which may range from $3,000 to $15,000. These figures are estimates based on Planet Fitness and its affiliates experience in operating locations. Franchise candidates can expect to pay anywhere between $354k to $1.2m. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. [13] The new model was an effort to provide a fitness hub for everyday people. Currently, the. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. 4 Liberty Ln. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Annually Updated with New Owners of Planet Fitness Locations in the USA. Plus, that smaller pool of franchisees means each one receives more personalized support from the company. Get in touch with Planet Fitness Owners from around the US with verified contact data for all owners of all Planet Fitness locations. Planet Fitness franchise opportunities are proven by 1,500 clubs successfully operating worldwide. So long as you are not decided on the fitness industry, we recommend you have a look at other offerings. When evaluating offers, please review the financial institutions Terms and Conditions. Wed recommend meeting with your bank or accountant to help you determine which franchise is financially doable for you right now. in Pilates. Throughout the years, Chris played a critical role in developing and refining the unique, low-cost/high-value business model and lean operating system that revolutionized both the fitness and franchising industry. The graph includes a comparison against the Russell because there is no industry benchmark or line-of-business index for the fitness industry or a peer group that is publicly traded. Planet Fitness has more members and locations than any other fitness brand. 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. [21] Some bodybuilders and weight lifters have found the way they're portrayed in Planet Fitness TV commercials to be offensive, and the way they're treated in Planet Fitness gyms to be "quite possibly discriminatory. Franchise Division including leading the operations, development and construction, vendor management and local marketing execution teams. The initial Planet Fitness Franchise Fee is $20,000. ), and that attitude trickles down into their culturethey genuinely want people to have fun while they work out. 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. In this role, he leads all aspects of our U.S. Additional Training: Ongoing training 2% of the total gross monthly EFT Dues Draft. is growing quickly: In 2018, The Bar Method saw a 118% growth rate. This metric is the standard industry investment amount for a single unit franchise investment in this industry. [28] It ranked in the top 50 of Entrepreneur magazine's Franchise 500 in 2017. [8][9][7] In 2002, they purchased the rights to the name Planet Fitness from Rick Berks and renamed their franchise. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. Bode held several senior leadership positions at Dunkin' Brands, including serving as Regional Vice President of Dunkin' Donuts Northeast where he was responsible for overseeing the operations of more than 2,600 restaurants. 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. The following costs are part of the upfront costs included in the initial investment for Planet Fitness locations. Initial franchise fee: $32,000 to $40,000, Estimated total initial investment: $2.2 million to $5 million. In this role, she is responsible for driving our digital vision and strategy, including leading the continuous enhancement of our mobile app, with a focus on consumer engagement, loyalty and a differentiated omni-channel experience to accelerate Planet Fitness growth and success. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. The board of directors at Planet Fitness is as follows: Stephen Spinelli, Jr. (Ph.D.), Chairman Chris Rondeau (CEO) Bernard Acoca Enshalla Anderson Craig Benson Cammie Dunaway Frances Gregg Rathke Christopher Tanco Initial term lengths last 10 years. [6], In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. NerdWallet strives to keep its information accurate and up to date. 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. ? 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 Ms. Gosselin was named a Top Woman in PR by PR News in 2020. Franchise Sales Manager Planet Fitness 4 Liberty Lane West Hampton, NH 03842 Phone: (603) 750-0001 This investment is much higher than the industry standard of $253,000. We also suggest that you speak to 3 5 Planet Fitness owners before opening one yourself. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm.

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