planet fitness franchise owners list

NerdWallet strives to keep its information accurate and up to date. But perhaps most important to this process is interviewing current franchisees. Planet Fitness offers people the opportunity to be a part of the fitness business, but we do not believe this is sustainable. Planet Fitness ( PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. At Yum! Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. The Grondahls changed the gyms name to Planet Fitness in 1994. * 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. He joined Planet Fitness in 2016 as the Senior Vice President of Franchise Operations. As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. [7] They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. Pure Barre has over 500 open locations across North America with tons of available studio markets in the U.S. Robert Beaupre leads the SMB team at NerdWallet. In this role, he is responsible for all aspects of financial strategy and management. 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. Prior to joining Planet Fitness, Mr. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm. Estimated total initial investment: $303,000 to $499,850. Even though its smaller than Pure Barre. Net Worth Requirement: $3,000,000 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. Justin Vartanian serves as General Counsel and SVP, International Division overseeing all legal matters and international development. Classroom Training: 80 hours Planet Fitness Franchise Cost & Opportunities 2023 | Franchise Help We reviewed the larger franchise industry as well as selling price multiples for larger systems where more transaction data is available. With that in mind, Planet Fitness franchisees will need to pay for that international brand recognitionopening a Planet Fitness franchise may cost over $4 million. 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. The chain has over a thousand locations with over 400 units outside the US. 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. Mr. Hymes started his career at Kmart Corporation, where he worked his way up the ranks starting as an hourly store team member and entered management after graduating with a Marketing degree from Northwest Missouri State University. When evaluating offers, please review the financial institutions Terms and Conditions. The estimated total investment necessary to begin the operation of a Planet Fitness Franchise ranges from $1,625,600 $4,921,000. Planet Fitness trademarked the phrase judgment free zone, so that alone should give you a sense of this gyms major value: inclusivity for all people, regardless of their fitness levels. [17], As part of their effort to create a non-intimidating environment, Planet Fitness has alienated many serious weight lifters. It is important to talk to other franchisees and see what their costs were for leasehold improvements and construction. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. 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. [37], The club's two membership levels are $10 and $24.99 per month in the United states[38] and in Canada they charge $15 and $25 per month. Mr. Rondeau also received an honorary doctorate degree from Philadelphia University and received the Universitys honorary innovation medal. Order now to get instant access to the complete Planet Fitness franchise owners. 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. [24] Michael Grondahl, co-founder of Planet Fitness stepped down as CEO, and was succeeded by Chris Rondeau. So any aspiring entrepreneur with a passion for fitness may be eligible for gym franchise ownership, whether theyre a trained fitness pro or not. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. 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. [27], In February 2016, the franchise was added to the Franchise Times' "Fast and Serious" list of top franchises (No. The Planet Fitness franchise sets itself apart from other gyms by being the "Judgement Free Zone" where everyone can feel comfo. Please scroll down for a partial list of franchise businesses. in Pilates. Mr. Barber holds a B.S. Our partners cannot pay us to guarantee favorable reviews of their products or services. locations around the U.S. as well as Canada and the Dominican Republic. 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. In addition to offering their signature classes, Pure Barre studios also generate revenue through teacher training and selling premium workout clothes. An innovative entrepreneur, Mr. Rondeau was honored as an EY Entrepreneur of the Year and inducted into the UNH Alumni Entrepreneur Hall of Fame. Call (888) 977-4374. SVP Communications and Corporate Social Responsibility, General Counsel and SVP, International Division. The minimum net worth required to own an Orange Theory franchise is $500,000 and the applicant must have liquid assets of at least $150,000. [25][26] The company went public on August 6, 2015. List to Contact Planet Fitness Franchise Owners - Planet Fitness Owners Contact List. 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 Prior to Potbelly, he served in varying executive roles at Charming Charlie Inc. including President and Chief Financial Officer, and Chief Administrative Officer. Ms. Kaplan holds a B.S. Burn Boot Camp Initial term lengths last 10 years. Pre-qualified offers are not binding. - In Saudi Arabia currency, the investment comes around SR 3,64 million to SR 15,91 million. Wed recommend meeting with your bank or accountant to help you determine which franchise is financially doable for you right now. United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. 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. New franchise owners can also expect to participate in a comprehensive training program, as the franchise requires their franchisees to be certified barre instructors. This, too, is best evaluated with the help of an accountant or business lawyer, who can help you break down the fine print. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. This is significantly lower than the midpoint investment of $3,273,500. Call us direct at (855) 822-0912, Get Contact Details & Mailing List of Planet Fitness Franchisees, The difficult part of this step of the franchise buying due diligence. We believe everyone should be able to make financial decisions with confidence. McCall Gosselin joined Planet Fitness in January 2013 and currently serves as SVP of Communications and Corporate Social Responsibility. Overall, Planet Fitness is making a decent amount of profit, and we also see that the profit chart . So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. In this role, he leads all aspects of our U.S. Along with Pure Barre, The Bar Method is one of the best-known barre studios in the country. That way, participants can both track their own progress, and see how it stacks up to other people in the classso if you thrive on competition, this is the gym franchise for you. However, the profit varies on your location also. 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. 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. [17] They also dramatically reduced prices to compete against better-known brands. There are both advantages and disadvantages of franchising, so make sure you weigh both sides thoroughly. https://www.palmbeachpost.com/story/business/2012/05/19/at-youfit-health-clubs-patrons/7332606007/, "Planet Fitness headquarters moving to Hampton", "Planet Fitness Sets New Membership Records", "4 international franchises that landed Down Under in 2019", "The fastest-growing gym in America has $10 memberships and gives out free pizza, bagels, and candy", "Fit for franchising: From first gym in Dover, Planet Fitness building big brand", https://www.franchise-info.ca/franchise_news/2014/01/how-planet-fitness-became-the-leader-in-fitness-franchising.html#.Y-Hc-BZMEWM, "How Planet Fitness Became the Leader in Fitness Franchising - News", "Marc Grondahl of Planet Fitness: How a Lean Business Model Became a Franchise Heavyweight", "YouFit Health Club expanding across South Florida, around nation | The Starting Gate", "No-frills gym offers fitness without flash", "Fast and Serious: FT ranks the smartest-growing brands", "Franchise Players: We Were Planet Fitness's First Franchisees. Ad Royalty Fee: $300/mo. "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. Orange Theory is currently headquartered in Boca Raton, FL, and is run by its CEO Dave Long who previously served as the main developer and owner of the European Wax Center. "[22], As early as March 2015, the "Judgement Free Zone" policy was expanded to allow trans women to use the women's locker room. 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. Planet Fitness growth continued over the next decade and in 2013, TSG Consumer Partners, LLC became an equity partner in the Planet Fitness franchise. History of Planet Fitness in Timeline - Popular Timelines In addition, he served as an online media manager for the University of Nevada, Reno. She also served as Senior Vice President of Human Resources at Macys Inc., and has held various leadership positions at The May Department Store Company, including corporate and division roles. Prior to that, she served as the Vice President of Digital Marketing & Innovation at Dunkin Brands where she was responsible for developing and marketing Dunkins digital platforms, including the DD Mobile app and the DD Perks loyalty program. 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. 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. Planet Fitness Fitness clubs 2023 Franchise 500 Rank #28 Ranked #7 last year See the Full List Initial investment $1.6M - $4.9M Units as of 2022 2,324 25.0% over 3 years Jump to Franchising. 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. However, this does not influence our evaluations. Like Planet Fitness, Crunch Fitness prides themselves on creating an environment free of judgment (they actually trademarked the phrase No Judgments). from Boston University and an M.B.A. from the University of Denver, Daniels College of Business. She is based in Santa Monica, California. 4. All told, their gyms boast over 14 million members worldwide. He joined the Company as General Counsel in 2014 and played a critical role in the Companys initial public offering in August of 2015, and has since overseen all public company, corporate governance and franchising matters as a key member of the companys leadership team. [49] [50], Since 2015, Planet Fitness has been a personal sponsor of NASCAR driver and champion Joey Logano. Prospective owners are asked to have a minimum net worth of $3 million and a minimum of $1,500,000 in liquid capital. Mr. Rondeau joined Planet Fitness in 1993, working the front desk at the very first location in Dover, NH, one year after the original founders, Michael and Marc Grondahl, started the Company in 1992. Franchising | Planet Fitness Today the brand has over 2,000 locations system-wide. Here is a list of our partners and here's how we make money. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. 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. The total investment to open a Planet Fitness gym ranges from $728,290 - $3,777,800. In fact, in a recent Inc. 5000 list of the 10 fastest growing franchises, four were fitness franchises. Even if your network of Planet Fitness franchises earns above $% a million, you will not be able to recover costs just by selling it. 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 was founded in 1992 by Marc and Michael Grondahl in Dover, New Hampshire. If you can name a franchise business, it's probably on our Franchise owners marketing list. While at Dunkin Brands, he helped lead the technology team that rolled out mobile ordering across 9,000 locations. An individual planet fitness franchise owner can make around $513,00 to $5,554,000 annually. Paid by you to advertisers or Planet Fitness if it elects to collect from you. ", "2017 Top Franchises from Entrepreneur's Franchise 500 List", "Planet Fitness members outraged over March bill amid coronavirus closures", "Planet Fitness CEO says gym visits are holding up against the omicron variant", "Planet Fitness Seeing Minimal Impact So Far From Omicron", "Planet Fitness Franchise (Costs + Fees + FDD)", "Planet Fitness Franchise Costs & Fees, Planet Fitness FDD & Franchise Information | FranchiseDirect.com", "Planet Fitness Franchise Cost & Fees | How To Open | Opportunities And Investment Information", "Planet Fitness Prices & Membership Cost", "17 January Gym Discounts That Are Too Cheap to Pass Up", "Planet Fitness is raising the price of its Black Card membership but still offers a $10 option", "American gym powerhouse chooses Brampton for first suburban Canadian location", "Cheap 'n' cheerful chinups: Canada welcomes Planet Fitness, the $10 gym for those bad at gym", "Planet Fitness Continues International Expansion in Dominican Republic", "Planet Fitness opens first Hawaii location at Ala Moana Center", "10 Million Reasons to Get Pumped About Planet Fitness", "Planet Fitness to Sponsor 'The Biggest Loser', "50 Cent and Joan Rivers Kick It At The Gym [PHOTOS]", "Planet Fitness To Launch New Global Campaign On New Year's Eve", "Planet Fitness sponsors New Year's Eve celebration despite pandemic", "David Gilliland Racing Fielding Fourth Entry for Joey Logano in Bristol Dirt Race", "The Judgement Free Zone: Judgement Free Generation Video Contest", "Planet Fitness Opens In Fremont, Donates $1K To Boys & Girls Club", "Planet Fitness 'Judgment Free Zones' a Model of Inclusion", "Planet Fitness Anti-Bullying Initiative $1M Success", "Planet Fitness debuts fitness room for kids at Boys and Girls Club in Manchester", "Planet Fitness Opens Judgement Free Gym at Pasadena Boys and Girls Club", "Planet Fitness raises $1M for Boys and Girls Clubs of America", "Planet Fitness named national gym sponsor of 'The Biggest Loser', https://en.wikipedia.org/w/index.php?title=Planet_Fitness&oldid=1142494313, Companies based in Rockingham County, New Hampshire, Companies listed on the New York Stock Exchange, Health care companies established in 1992, Medical and health organizations based in New Hampshire, Short description is different from Wikidata, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 2 March 2023, at 18:29. Throughout her tenure, she has held roles of increasing responsibility, with her most recent position being Vice President of National Marketing. Currently, the Orangetheory franchise has over 1,100 studios in 49 U.S. states and 22 countries internationally (they started in 2010, for some context about just how quickly theyre growing). 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. Orangetheory Fitness provides a totally unique (and seriously hard) group workout experience. Over the last three years, the company has been expanding. Franchise Owners Marketing Lists - Dataman Group Direct Even more reason to consider investing in a gym franchise? Before the pandemic, it was growing at a rate of approximately 200 units a year, which is impressive. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. Planet Fitness franchise opportunities are proven by 1,500 clubs successfully operating worldwide. Planet Fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services . FranchiseComplaints.org "[21] Planet Fitness has been criticized for prohibiting certain weightlifting exercisessuch as deadlifts and clean-and-jerksthat many experts believe are highly effective. You must be logged in to view this form. Franchise fee: one-time $42,500 Royalty fees: $699/mo Planet Fitness Planet fitness has locations in Canada, Mexico, Panama, and all 50 states of the US.

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