planet fitness franchise owners list

Estimated total initial investment: $1 million to $4.1 million. 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. We also suggest that you speak to 3 5 Planet Fitness owners before opening one yourself. You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. 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. Planet Fitness Franchise Cost The estimated total investment necessary to begin the operation of a Planet Fitness Franchise ranges from $1,625,600 - $4,921,000. Pre-qualified offers are not binding. Overall, Planet Fitness is making a decent amount of profit, and we also see that the profit chart . 2- Based on a midpoint investment of $3,273,300 with estimated profits of $154,587 at a 10% profit margin, it would take about 21 years to recoup your investment. 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. Franchise Sales Manager Planet Fitness 4 Liberty Lane West Hampton, NH 03842 Phone: (603) 750-0001 Initial term lengths last 10 years. [60], In October 2017, Planet Fitness and its members raised $1 million which it donated to the non-profit Boys and Girls Clubs of America. Mr. Hymes has over 30 years of experience leading domestic and international retail, franchise, and e-commerce businesses for global companies, most recently serving as the President and Chief Executive Officer of Jiffy Lube International. Currently, the. In this role, he will lead the Companys technology evolution and strategy, focused on delivering technology solutions that will continue to enhance the member experience while optimizing infrastructure, data and operations for flexibility and scale. Now, We Own 22 Locations", "What your new gym doesn't want you to know", "Planet Fitness vs. the lunkheads: Why is a health club trying to alienate people who love to work out? Brands, he supported the team tasked with transforming and modernizing technology and data systems both domestically for KFC and internationally in Australia for Pizza Hut. Franchise Division including leading the operations, development and construction, vendor management and local marketing execution teams. Once you start operating your Pure Barre location, youll be responsible for a monthly royalty fee of 7% of gross sales and a 1% monthly marketing fee. Initial investments: $969,600 - $4,242,500 Even though its smaller than Pure Barre, The Bar Method franchise is growing quickly: In 2018, The Bar Method saw a 118% growth rate. Orangetheory Fitness provides a totally unique (and seriously hard) group workout experience. Fitness franchises are currently booming with the largest franchises globally being Anytime Fitness and Planet Fitness. The Fitness Center industry has over 111,000 businesses with a market size of $34 billion, and it supports over 800,000 jobs. This covers the cost of being able to use their name and logo. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. Total Investment $728,290 - $3,777,800. [34] The royalty fee for a Planet Fitness is 7% of the total gross monthly and annual membership fees. They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau. Call (888) 977-4374. 8. The initial Planet Fitness Franchise Fee is $20,000. All initial fees are the same for both initial and conversion franchises. Owner WIRED Telcom 159 W 1st Street Oswego, NY 13126 Phone: (315) 326-3350 . 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. At the moment we can not connect you to the representative of this franchise. We were opening our 5th store then. Ongoing Royalty Fee: $449 - $549/mo. The chain has over a thousand locations with over 400 units outside the US. 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. Previously, Mr. Fitzgerald served as Chief Administrative Officer of Sears Canada. - In currency of Germany, the investment comes around EUR 805,430 to EUR 3,524,180. Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. ? | United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. Due Date: Expended according to Planet Fitness Methods of Operations as per your advertising budget. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. Planet Fitness has more members and locations than any other fitness brand. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. 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. How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. Mr. Rondeau also received an honorary doctorate degree from Philadelphia University and received the Universitys honorary innovation medal. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Therefore, this may include substantial remodeling of your premises as frequently as every 5 years. [15], Rondeau and the Grondahls recognized that there was a greater opportunity to serve a much larger segment of the population if they changed the gym environment, both in attitude and format, by creating a non-intimidating, low-cost model. While this may be the business for you, make sure also to check out other companies offered on Vetted Biz and in the Fitness Industry. Craig Benson has rejoined the board of directors of Planet Fitness, a national gym chain based in Hampton in which he is a substantial franchisee and which uses software from a company that Benson partly owns, according to a Securities and Exchange Commission filing. Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations. You'll build confidence while increasing your fitness knowledge. 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. All told, their gyms boast over 14 million members worldwide. Estimated annual transaction costs per location range from $9,000- $72,000, Equal to 50% of our then-current initial franchise fee. 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. That said, Orangetheory is designed for people of all fitness levels, since participants can go entirely at their own pace. 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. Although gym franchises require that the owner has previous management experience, most dont require experience in the fitness industry. 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. 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. Prior to that, Ms. Gentilozzi served as Senior Vice President of Human Resources at Aropostale, supporting over 25,000 employees in 1,000 retail locations throughout the U.S., Canada, and Puerto Rico. Even though its smaller than Pure Barre. The gym utilizes a "lunk alarm", which is a loud siren and rotating light that is used when a gymgoer grunts too loudly or drops weights. He has covered financial topics as an editor for more than a decade. Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. [25][26] The company went public on August 6, 2015. This, too, is best evaluated with the help of an accountant or business lawyer, who can help you break down the fine print. - In Saudi Arabia currency, the investment comes around SR 3,64 million to SR 15,91 million. As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. The prospects for growth and success within the industry and the Orange Theory brand itself, are extensive, and some markets continue to be available as they move forward with growing their presence across the country. Ms. Simmons has an MBA in Finance from the University of New Hampshire and holds dual Bachelors degrees in Economics and Sociology from Indiana University. You must maintain the franchise premises according to Planet Fitness brand standards. But perhaps most important to this process is interviewing current franchisees. industry. [54][55] Also in 2016, the company donated more than $1 million to the program. This influences which products we write about and where and how the product appears on a page. Many of these are one-time fees that are needed to launch the franchise. Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. 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. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. * The data above, compiled from the Planet Fitness FDD (Franchise Disclosure Document) 2020, represent the estimated financial range for the initial setting up and first 6 months of operation for a new Planet Fitness gym. The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. [3] The company reports that it has around 2,400 clubs, [4] making it one of the largest fitness club franchises by number of members and locations. Theyll provide you with a personal support team, comprehensive training, and marketing support over the course of your franchise agreements six-year term (or 10, if youre in California). List to Contact Planet Fitness Franchise Owners - Planet Fitness Owners Contact List. Browse 1000s of reports on 1000s of franchise systems. [28] It ranked in the top 50 of Entrepreneur magazine's Franchise 500 in 2017. The $10 per month level includes access to cardio and strength equipment, unlimited group fitness instruction and pizza and bagels once a month; the $24.99 per month ("Black Card") level allows members to bring one guest per day at no charge, access to all Planet Fitness locations, and access to extra amenities, such as tanning booths, massage chairs, red light therapy and water massage beds. Gathering all available information about each potential franchise will help you land on the gym that not only works for you financially, but that also resonates with your lifestyle and values. Even more reason to consider investing in a gym franchise? FranchiseComplaints.org Founded in 1992 in Dover, N.H., Planet Fitness is now the fastest-growing full size health club franchise in the United States, and has revolutionized the industry with a combination of extremely . 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. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. Get in touch with Planet Fitness Owners from around the US with verified contact data for all owners of all Planet Fitness locations. With that accessible attitude in mind, Planet Fitness tries particularly to target the 80% of the American and Canadian population who dont have gym memberships. Headquarters: Hampton, New Hampshire. Many or all of the products featured here are from our partners who compensate us. One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system. 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. We believe that this franchise is an option for those that are passionate about fitness and are willing to put in the hours to make the business run smoothly. Net Worth Requirement: $3,000,000 Paid Grace Period. Former Gov. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. was founded in 1992 by Marc and Michael Grondahl in Dover, New Hampshire. The second Toronto location opened in early 2015. Planet Fitness offers people the opportunity to be a part of the fitness business, but we do not believe this is sustainable. They opened a new gym called Coastal Fitness and the Grondahls hired current CEO. Be advised to match Planet Fitness franchise cost and profit by analyzing low and high fees you need to pay starting a Planet Fitness franchise. [11][12] Berks had been catering to the bodybuilding culture in his Gold's Gym. Orange Theory uses your heart rate to show your exertion potential compared to the maximal effort and compares you to your peers in classes. They also take a fun, irreverent, quirky, and motivating approach to marketing (ever see. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. Even if your network of Planet Fitness franchises earns above $% a million, you will not be able to recover costs just by selling it. [27], In February 2016, the franchise was added to the Franchise Times' "Fast and Serious" list of top franchises (No. Review the chart below to see how much it costs to buy a Planet Fitness franchise in 2022. Sorry. Training starts with one week at the companys San Francisco headquarters, followed up by three to six months of training, led by a dedicated trainer, in your home location. 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. Liquid Cash Requirement: $1,500,000. Plus, the outlook for gym franchises is bright: According to a report by IBISWorld, the health and wellness boom over the past few years has led to a sizable increase in gym membership levels, which continues to grow. Considering its massive brand recognition, the initial investment required to open a UFC Gym franchise is relatively low. Follow along as PF Trainer Teddy teaches you the basics of fitness, right in the comfort of your own home. Use this opportunity to ask qualitative questions that you wouldnt necessarily have answered through the FDD, or from the franchisors marketing materialslike how happy they are with the initial training and ongoing support they receive, and their opinions about the overall outlook of the business. 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. This metric is the standard industry investment amount for a single unit franchise investment in this industry. [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. "I decided I didn't want to deal with that crowd, so that's when I opened the original Planet Fitness club in Sunrise, Florida, in 1993." First, youll need to winnow down your list to only the gyms whose investment levels align with your financials, as well as your eligibility to secure franchise financing or gym financing. Additional Training: Ongoing training subject to maximum fee of $40,000, Concurrently with our granting a successor franchise to you, Actual costs (approximately $1,200 per visit), Cure Period Extension Fee (Franchise Agreement), Paid monthly via EFT on the day designated as your Monthly Membership Billing Day, as defined in our Franchise Agreement, Grace Period Fee (Area Development Agreement), Paid monthly beginning on the first day of the After four years the Initial Franchise Fee for each location opened under the Area Development Agreement will be equal to then-current Initial Franchise Fee being charged to new franchisees. Year Business Began: 1992. In this role, he leads all aspects of our U.S. Planet Fitness franchise opportunities are proven by 1,500 clubs successfully operating worldwide. Their website reads, We are not currently accepting new franchisee applications for US expansion.. 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. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. The Initial Franchise Fee is uniform and non-refundable. We offer detailed franchise research and contact data reports. Verizon Wireless, and Westin, just to name a very few. Call (888) . Club Pilates North Shore is a boutique Pilates studio specializing in reformer fusion classes for anyone, at any age or fitness level. 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. [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. According to their website, Pure Barre is the oldest and most established barre studio out there. Planet Fitness franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $20,000 Site Selection Costs: $0 to $10,000 Construction Development Plan Review Fee: $0 to $4,000 Leasehold Improvements: $1,250,000 to $2,163,000 Fitness Equipment: $34,000 to $953,000 Non-Fitness Equipment: $63,000 to $825,000 The 2019 Planet Fitness Franchise Awards were given to the following: Hall of Fame: Jeff & James Innocenti - PF Supreme Franchisee of the Year: Mike Turner & CJ Bouchard - Excel Fitness Operator of the Year: Steve Kindler, Jr. - National Fitness Partners Developer of the Year: Tim Kelleher - Taymax Group

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