Planet Fitness

Founded: 1992 Franchising since: 2003

Address: 26 Fox Run Rd. Newington, New Hampshire 03801

Phone: (603)750-0001

Franchisor is a privately-held company with 33 employee(s); 15 employee(s) in franchise department.

Franchise Units

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	267	0	0	11
2008	209	0	0	13
2007	179	0	0	15
2006	103	0	0	9

Where Seeking Franchisees
Nationwide

Exclusive territories available.
Territory size: 1,000,000+ population

Total investment: $415,100 - $1,649,500
Franchise fee: $10,000 - $25,000
Ongoing royalty fee: 1.5-5%
Term of agreement: 10 years, renewable


Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $1,000,000
Cash liquidity requirement: $250,000
Business Experience:

• General business experience

Operations

• 40% of all franchisees own more than one unit
• Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: as needed

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Co-op advertising
• Ad slicks
• Regional advertising

Franchise 500® rank:
#157 (2010); #116 (2009);

Fastest-Growing Franchises:
#41 (2010); #47 (2009);