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.
Planet Fitness Franchise Cost Worth the Profit? - Vetted Biz Here is a list of our partners. Mr. Barber has over 20 years of experience in leadership experience across a variety of industries, most recently serving as the Senior Vice President of Information Technology at United Natural Foods Inc. We offer detailed franchise research and contact data reports. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm. Find Accurate Contact Data for Fitness Franchise Owners. The second Toronto location opened in early 2015. After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. Like. [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. Even though its smaller than Pure Barre, The Bar Method franchise is growing quickly: In 2018, The Bar Method saw a 118% growth rate. Orange Theory was ranked 49th in the franchise 500 rankings according to entrepreneur.com. Bringing Franchise Owners Together to Share and Grow.
Planet Fitness - Wikipedia The number of fitness franchise locations has been steadily increasing to a total of about 2,039. . Mr. Barber holds a B.S. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. In this role, he leads all aspects of our U.S. Bill Bode serves as Division President, U.S.
Are fitness franchises profitable in 2022? - Glofox Initial term lengths last 10 years. 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. There are very few reasons why one might want to open a Planet Fitness franchise. in Pilates. [19] According to a Planet Money episode from 2014, "half of the Planet Fitness members don't ever go to their gyms. The initial Planet Fitness Franchise Fee is $20,000. Edward Hymes joined Planet Fitness in January 2023 as President and Chief Operating Officer. Justin Vartanian serves as General Counsel and SVP, International Division overseeing all legal matters and international development. List to Contact Planet Fitness Franchise Owners - Planet Fitness Owners Contact List. So any aspiring entrepreneur with a passion for fitness may be eligible for gym franchise ownership, whether theyre a trained fitness pro or not. West Hampton, NH 03842, USA, Interested? Your experience may vary depending on whether you finance tenant improvements, your location, and other factors. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. However, the profit varies on your location also. Mr. Fitzgerald began his career at PepsiCo, where he held various leadership roles in finance and planning. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. This large discrepancy indicates the potential different costs you could face when building your Orange Theory franchise as a franchisee. Its also a good idea to reach out to at least a few former Planet Fitness franchisees to find out why they left or were terminated from the franchise system. The Initial Franchise Fee is uniform and non-refundable. 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. Browse 1000s of reports on 1000s of franchise systems. Prospective owners are asked to have a minimum net worth of $3 million and a minimum of $1,500,000 in liquid capital. This document includes information about the franchises financial standing, capital requirements, franchisee training, and ongoing franchise fees, among other crucial information. Pure Barre has over 500 open locations across North America with tons of available studio markets in the U.S. Burn Boot Camp "[22], As early as March 2015, the "Judgement Free Zone" policy was expanded to allow trans women to use the women's locker room. [39][29][40], In December 2014, Planet Fitness opened its first international location in Toronto, Ontario, Canada. Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying. [17], As part of their effort to create a non-intimidating environment, Planet Fitness has alienated many serious weight lifters.
Benson is back on the board of Planet Fitness Their website reads, We are not currently accepting new franchisee applications for US expansion.. Mr. ODonnell holds a CPA and received his Bachelors degree in Accounting from Assumption College in Massachusetts. Our partners cannot pay us to guarantee favorable reviews of their products or services. | United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. Annually Updated with New Owners of Planet Fitness Locations in the USA. 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.
Largest Planet Fitness Franchisee Acquires 19 Planet Fitness Clubs in Planet Fitness Franchise Costs, Fees, Revenues, Profits (2022 Review) 4. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. 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. Prior to joining Planet Fitness, Mr. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. Of the total gross monthly and annual membership fees payable to you via EFT Dues Draft. We provide estimated franchise costs for some countries:
Mr. Rondeau also received an honorary doctorate degree from Philadelphia University and received the Universitys honorary innovation medal. 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.
Largest Planet Fitness Franchisee Group Acquired by New York Private Overall, Planet Fitness is making a decent amount of profit, and we also see that the profit chart . But perhaps most important to this process is interviewing current franchisees. 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. Except for signage, Planet Fitness will not require substantial remodeling more often than every 5 years during the term of the Franchise Agreement.
Planet Fitness Gym - Franchise Solutions Start a Planet Fitness Franchise in 2023 - Entrepreneur These numbers indicate that potential earnings can vary significantly, and it depends on factors such as locations and how well the business is run. service, Computer System. Headquarters: Hampton, New Hampshire. 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. You may need additional operating capital, or you may need it for a longer period of time. 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. 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). They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau. process lies in obtaining a current list of Planet Fitness franchise owners. -In thousands and rounded; represents electronic funds presented for draft for the 12 months of calendar year 2019 and 2020, respectively. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. JLM Financial Partners, Austin, Texas, and Eagle Merchant Partners, Atlanta . Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. Paul Barber joined Planet Fitness in October 2022 as the Companys Chief Information Officer. Previously, she served as Head of Marketing and Sales for Zipcar, the worlds leading car-sharing network, where she was a key member of the executive leadership team responsible for demand and revenue generation and all marketing functions.