Planet Fitness

Founded: 1992 Franchising since: 2003

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 Growth

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
2005	60	0	0	8

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

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

Total investment: $422.6K-1.1M Franchise fee: $25K

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: $1M
Cash liquidity requirement: $250K
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:
#116 (2009);

Fastest-Growing Franchises:
#47 (2009);