4/10

Franchimp Summary Rating

7 /10
Earnings Transparency
1 /10
Investment Accessibility
Higher than 99% of peers

Franchise Summary

Description
PLANET FITNESS businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services, related services and ancillary goods. We offer for sale PLANET FITNESS franchises for new locations and for existing fitness facilities that want to convert to a PLANET FITNESS.
Corporate Structure
We are a Delaware limited liability company formed on June 13, 2018. We do business under our corporate name and under the PLANET FITNESS name. We have been offering franchises for the operation of PLANET FITNESS businesses since August 2018. We have not conducted business in any other line of business or offered franchises in any other line of business. Our principal business address currently is 4 Liberty Lane West, Floor 2, Hampton, NH 03842 and the principal business address of our affiliates and parents is the same, except as otherwise indicated below. Our agents to receive service of process are identified in attached Exhibit “A”.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Health & Fitness Industry

$1,205,000 / unit

Franchise Type: Standard

Average Revenue During 2020

$1,205,000
$134,312
Industry Low
$4,665,709
Industry High
Show All Years +

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Planet Fitness Franchisees

Planet Fitness Franchise System Development in 2022

FAQ

How much investment do I need to start my own Planet Fitness business?
Franchisees typically require at least $1 to $5 investment to get their Planet Fitness business started
What are the initial franchise fees for Planet Fitness?
Franchisees typically need to pay at least $43 in fees directly to Planet Fitness in order to earn the right to launch their business
How much money can I make with a Planet Fitness franchise? What are the average revenues for a typical Planet Fitness business?
We estimate that the average revenue of an individual Planet Fitness unit is approximately $1,205,000. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Planet Fitness unit? What is my contractual commitment?
Planet Fitness franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

1 /10
The Franchisor's investment costs ranges from $1,504,600 to $5,158,500 which is Much Higher than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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