Browse 1000s of reports on 1000s of franchise systems. Cash Required $1,500,000. [41][42] In October 2015 the company opened their second international location in Santo Domingo, Dominican Republic. But perhaps most important to this process is interviewing current franchisees. Bill Bode serves as Division President, U.S. Like Planet Fitness, Crunch Fitness prides themselves on creating an environment free of judgment (they actually trademarked the phrase No Judgments). Please scroll down for a partial list of franchise businesses. We were opening our 5th store then. Reaching out to multi-unit franchise owners and regional developers gives you the ability to get your products and services into many locations with just one sale . Assistant Assigning Editor | Small-business finance, personal finance. 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. Initial franchise terms are 10 years. 8. [56][57][58] Planet Fitness has also provided mini "Judgement Free Zone" gyms to Boys & Girls Clubs in Manchester, New Hampshire[59] and Pasadena, California. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets. 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. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. SVP Communications and Corporate Social Responsibility, General Counsel and SVP, International Division. Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. List to Contact Planet Fitness Franchise Owners - Planet Fitness Owners Contact List. Performing this action will delete your account. Our franchise contact lists contain contact details for both owners of single franchise units and multi-unit franchise owners, that is, franchisees that own many franchised locations. Ultimately, the only way to know which gym franchise is right for you is to do your own due diligence. Thats why we put together this complete mailing/telemarketing list containing contact the names, phone numbers and physical addresses of business owners in the franchise system and certain former franchise operators. At Jiffy Lube, he oversaw the strategic direction of the company, and managed franchise relationships to create a shared vision for the brand, drive network growth, and maintain Jiffy Lubes leading market share. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Rated Excellent on TrustPilot with feedback from 50+ customers. We provide estimated franchise costs for some countries:
Lets get started. The name came from his daughter's school project, "Fitness Planet". This FREE 10-part progressive program will help you get movin'. She played a pivotal role in creating breakthrough nation marketing campaigns that have built the brand over the past two decades, including iconic advertising campaigns like Lift Things and No Gymtimidation, along with pillar marketing sponsorships like the brands New Years Eve celebration in Times Square. After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. The Area Development Fee is uniform and non-refundable. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. 1,600+ locations open and we're just getting started! Airfare, ground transportation, meals, lodging, Government agencies and bonding companies, Payroll, debt services, ongoing pre-sale/grand opening marketing, and cash to cover miscellaneous day-to-day expenses, Estimated Selling Price = Net Sales * 0.67, Estimated Selling Price = Net Sales * 1.21. 4. All financial products, shopping products and services are presented without warranty. Fitness franchises are currently booming with the largest franchises globally being Anytime Fitness and Planet Fitness. 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. [39][29][40], In December 2014, Planet Fitness opened its first international location in Toronto, Ontario, Canada. Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. Orange Theorys success is quite similar to Pelotons rise to fame. As of December 2021, 98% of all franchised stores were owned and operated by A franchisee group that owned at least three stores, and while Planet Fitness Largest franchisee owned 175 Stores, Only 33% of its franchisee groups own more than 10 stores. This information may be different than what you see when you visit a financial institution, service provider or specific products site. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. That said, all of the gym franchises on this list (and those that arent on this list) allow curious investors to request more information for free. Planet Fitness Independent Franchisee Council Join Us Today! [54][55] Also in 2016, the company donated more than $1 million to the program. [29], In 2020, the company received criticism for charging its customers for March dues "despite closing its facilities nationwide due to the novel coronavirus pandemic. Order now to get instant access to the complete Planet Fitness franchise owners. At Yum! 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. Total Investment $728,290 - $3,777,800. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. The franchise also requires that candidates have at least $100,000 in combined liquid assets and a total net worth of at least $250,000. That said, Orangetheory is designed for people of all fitness levels, since participants can go entirely at their own pace. 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. 3- Based on a midpoint investment of $3,273,300 with estimated profits of $831,881 at a 15% profit margin, it would take about 14 years to recoup your investment. For example, this includes replacing your cardio equipment every 5 years and replacing your non-cardio equipment every 7 years. 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. You must be logged in to view this form. You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. They provide an affordable, high-quality fitness experience in a welcoming environment. If you can name a franchise business, it's probably on our Franchise owners marketing list. 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. Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying. The most popular workout model from Snap Fitness is known as MYFIT. In other words, franchising takes most of the heavy lifting off your shoulders. Initial investments: $969,600 - $4,242,500
$10,000, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. Get in touch with Planet Fitness Owners from around the US with verified contact data for all owners of all Planet Fitness locations. Orange Theory uses your heart rate to show your exertion potential compared to the maximal effort and compares you to your peers in classes. 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. You may need additional operating capital, or you may need it for a longer period of time. Headquarters: Hampton, New Hampshire. Prior to Planet Fitness, Ms. Gosselin worked at Dunkin Brands on the global public relations team. Use this opportunity to ask qualitative questions that you wouldnt necessarily have answered through the FDD, or from the franchisors marketing materialslike how happy they are with the initial training and ongoing support they receive, and their opinions about the overall outlook of the business. Like Planet Fitness, Crunch Fitness prides themselves on creating an environment free of judgment (they actually trademarked the phrase No Judgments). Looks like your subscription is due. Crunch isnt quite as widespread as Planet Fitnesscurrently, they have 300+ open locations in 29 states and five countriesbut with plans to open an additional 1,000+ locations, theyre growing quickly. Even if your network of Planet Fitness franchises earns above $% a million, you will not be able to recover costs just by selling it. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. Greater of $15,000 or 7% of the total gross quarterly EFT Dues Draft, Expended quarterly according to our Methods of Operations as per your advertising budget, Varies, maximum of 9% total gross monthly EFT Dues Draft, Our actual costs, which may range from $3,000 to $15,000. The concept currently has over 1,000 franchises in the United States and another 150 international locations and is a subsidiary of Ultimate Fitness Holdings. Your actual costs may be higher or lower depending on the size and location of your Planet Fitness business. In this role, he leads all aspects of our U.S. It was founded in 2001, began franchising in 2008, and currently has over 120 locations in 26 states. Prospective owners are asked to have a minimum net worth of $3 million and a minimum of $1,500,000 in liquid capital. Today the brand has over 2,000 locations system-wide. The prospects for growth and success within the industry and the Orange Theory brand itself, are extensive, and some markets continue to be available as they move forward with growing their presence across the country. 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. 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. Initial term lengths last 10 years. This model has become extremely sticky in the fitness industry because while many people want to achieve their fitness goals, they innately lack motivation. The estimated total investment necessary to begin the operation of an Orange Theory Franchise ranges from $657,542 to $2,105,322. 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. An offshoot of the (purportedly) $7 billion UFC brand, UFC Gyms offer MMA-inspired personal and specialized training, traditional and fusion martial arts classes, and youth fitness classes. 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. This is significantly lower than the midpoint investment of $3,273,500. Our opinions are our own. from Boston University and an M.B.A. from the University of Denver, Daniels College of Business. We now have: 2,400+ locations open (and we're just getting started!) Whether youre a gym rat yourself or youre passionate about helping others achieve their health goals, starting a fitness business can be a dream gig for health-conscious entrepreneurs. The Initial Franchise Fee is uniform and non-refundable. Then, the last four workouts in the program will take place in the gym and you'll learn how . Prior to joining Planet Fitness, Ms. Simmons worked in Finance and Business Planning roles for Timberland, PepsiCo, and Fisher Scientific International. Brands, he supported the team tasked with transforming and modernizing technology and data systems both domestically for KFC and internationally in Australia for Pizza Hut. was founded in 1992 by Marc and Michael Grondahl in Dover, New Hampshire. "[20] In 2003, Planet Fitness opened its first franchised location in Florida, with Eric Dore and Shane McGuiness. Mr. Fitzgerald holds an MBA in Finance from Indiana University Kelley School of Business and received his Bachelors degree in Finance from the University of Florida. In this role, he will lead the Companys technology evolution and strategy, focused on delivering technology solutions that will continue to enhance the member experience while optimizing infrastructure, data and operations for flexibility and scale. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm. Planet Fitness estimates the costs to upgrade and/or remodel your facility will range from $70,000 to $600,000 every 5 years. Even though the history of barre dates back to 1959, when the discipline was created by former ballerina Lotte Berk, the ballet/Pilates/yoga hybrid saw a huge boom in the 2010s. In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. in Pilates. Ms. Kaplan holds a B.S. There are some units of Planet fitness franchisees making more than that or some making less than that. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. Planet Fitness growth continued over the next decade and in 2013, TSG Consumer Partners, LLC became an equity partner in the Planet Fitness franchise. The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of Planet Fitness franchise owners. Planet Fitness Franchise Owners' Salary Your gross monthly take is based on your memberships, which range from $10 to $25 per month for the franchise. Prior to joining the Company, Mr. ODonnell most recently served as Vice President of Finance and Chief Accounting Officer at Sonus Networks. This covers the cost of being able to use their name and logo. The highest Planet Fitness franchise made over 3 million dollars in revenue, whereas the lowest earning one made $165,000. - In currency of the United Kingdom, the investment comes around 694,900 to 3,040,600. You must commit to opening a one or more PLANET FITNESS locations as a condition of acquiring area development rights, either yourself or through one or more entities in which you own 51% or more interest. All reactions: 8. [25][26] The company went public on August 6, 2015. Franchise Description: Planet Fitness Franchising LLC is the franchisor.The ultimate parent company is Planet Fitness, Inc. When evaluating offers, please review the financial institutions Terms and Conditions. Mr. ODonnell holds a CPA and received his Bachelors degree in Accounting from Assumption College in Massachusetts. In this role, she oversees general HR operations, talent acquisition, leadership development, business partner support, culture and employee engagement, benefits and compensation. 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. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. FranchiseComplaints.org Although gym franchises require that the owner has previous management experience, most dont require experience in the. Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. Prior to that, he served as the Director and General Manager of internet startup Kozmo, where he was responsible for new market development and operations. ASK QUESTIONS ABOUT THE FRANCHISE, Distributorship Opportunities For Business, the terms of
[27], In February 2016, the franchise was added to the Franchise Times' "Fast and Serious" list of top franchises (No. McCall Gosselin joined Planet Fitness in January 2013 and currently serves as SVP of Communications and Corporate Social Responsibility. So any aspiring entrepreneur with a passion for fitness may be eligible for gym franchise ownership, whether theyre a trained fitness pro or not. Jennifer Simmons joined Planet Fitness in 2013 as a business analyst, later joining the executive leadership team as Senior Vice President of Business Strategy and Analytics and in 2022 was named Division President, Corporate Clubs. [24] Michael Grondahl, co-founder of Planet Fitness stepped down as CEO, and was succeeded by Chris Rondeau. Prior to that, Ms. Gentilozzi served as Senior Vice President of Human Resources at Aropostale, supporting over 25,000 employees in 1,000 retail locations throughout the U.S., Canada, and Puerto Rico. Ms. Medeiros received her Bachelors degree from the University of New Hampshire. At the moment we can not connect you to the representative of this franchise. [34] The royalty fee for a Planet Fitness is 7% of the total gross monthly and annual membership fees. The fitness center industry has grown with the rise in disposable income and demand for a more health-conscious lifestyle among millennials. Brian ODonnell joined Planet Fitness in February 2016 and currently serves as VP, Chief Accounting Officer. Planet Fitness estimates the total costs to re-equip your facility with both cardio equipment and all other exercise equipment will range from $314,000 to $922,000 every 5 to 7 years. But buying into a gym franchise is a less risky venture than building a gym from the ground up. Both franchising units and company-operated stores have increased. Burn Boot Camp 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. Gym franchises dont get much more classic than Jazzercise, the high-intensity, dance-cardio fusion class that became a fitness mainstay during the 80s exercise boom. Ms. Gentilozzi has more than 30 years of Human Resources leadership experience at national retail brands, most recently serving as Executive Vice President of Human Resources at FULLBEAUTY Brands where she led all HR initiatives to support 2,000 associates. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. All financial products, shopping products and services are presented without warranty. In this role, she is responsible for all aspects of the companys internal and external communications, including public relations, crisis management, executive communications, philanthropy, community relations and sustainability. Both within the fitness industry and American culture at large, Golds Gym has become legendary for their famous members (including Arnold Schwarzenegger) and their status as the mecca of bodybuilding. Since their founding by a Merchant Marine veteran in 1965, the Los Angeles-based gym has opened over 700 gyms in 29 states and 29 countries, and their international membership is 3 million devotees strong. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. To be eligible to open a. , candidates must have at least $1 million in net worth and access to $300,000 to $400,000 in liquid assets. To be eligible to open a Crunch Fitness franchise, candidates must have at least $1 million in net worth and access to $300,000 to $400,000 in liquid assets. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. There are both advantages and disadvantages of franchising, so make sure you weigh both sides thoroughly. We started our business in 1992 and refined our brand for a decade or so before franchising in 2003. Prior to joining Planet Fitness, Mr. The number of fitness franchise locations has been steadily increasing to a total of about 2,039. . He has covered financial topics as an editor for more than a decade. Kick off your search with this list of nine of the most promising gym franchises to buy. Founded in 1992 in Dover, N.H., Planet Fitness is now the fastest-growing full size health club franchise in the United States, and has revolutionized the industry with a combination of extremely . You'll build confidence while increasing your fitness knowledge. Sherrill Kaplan joined Planet Fitness in June 2021 as Chief Digital Officer. Their popularity mostly comes down to their unique business model: All Anytime Fitness locations are open 24 hours a day, seven days a week, and members can access any of those 4,000+ locations no matter where they are in the world. "I decided I didn't want to deal with that crowd, so that's when I opened the original Planet Fitness club in Sunrise, Florida, in 1993." - In Philippine currency, the investment comes around Php 47,15 million to Php 206,34 million. This routine is an 18-minute HIIT workout that targets cardio and endurance.
Grand Island, Ny Police Reports,
Bishop O'dowd High School Calendar,
Articles P