Planet Fitness
Health & Fitness
Availability
Planet Fitness is not currently accepting inquiries.
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Requirements
Financial requirements for this franchise: Minimum Cash Required $1,500,000 Total Investment $728,290 - $3,777,800 Cash Required $1,500,000 -
Franchisor Details
Facts about this franchise: Business Type Franchise Target Market See List
What does a Planet Fitness Franchise Cost?
Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing gym franchises in the United States. The total investment ranges from $728,290 to $3,777,800. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have a minimum net worth of $3 million with $1,500,000 in liquid assets.
Planet Fitness is an icon in the fitness industry. With its masterful Judgement Free Zone® catch phrase, Planet Fitness has become one of the largest and fastest-growing fitness centers that focuses on an affordable and intimidation-free environment for its members.
As of September 30, 2019, Planet Fitness had more than 14.1 million members and 1,899 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico.
Planet Fitness is a chain of fitness centers targeted at 80% of the population that doesn't have a gym membership.
A new study found 91% of Americans with a New Year's resolution are setting one specific to fitness. Among those doing so say it’s because they want to be healthier, feel better about themselves, reduce stress, look better or make positive changes in their lives.
Training and Support
Planet Fitness offers its franchisees two weeks of training at the company headquarters. The company offers ongoing assistance in the form of advertising, a phone line, safety procedures, meetings, newsletters, and a grand opening event.
Planet Fitness offers extremely low prices and a variety of benefits to its members including:
- Hassle-free environment
- Brand name cardio and strength equipment
- Fully equipped locker rooms
- Flat screen televisions and much more
Unfortunately, Planet Fitness is not currently accepting new franchisee applications for US expansion. Check out other health and fitness franchises now.
* This information may have changed since first published. We recommend that you always verify fees, investment amounts, and offers with the business opportunity directly prior to making a decision to invest.
