Prior to that he served as the Chief Operating Officer since 2003. | United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. Depending on the location and pre-existing structure that is being purchased, you could see your expenditure being on the lower or higher end of this spectrum. Initial franchise terms are 10 years. The estimated total investment necessary to begin the operation of an Orange Theory Franchise ranges from $657,542 to $2,105,322. Here is a list of our partners. There are both advantages and disadvantages of franchising, so make sure you weigh both sides thoroughly. Chris Rondeau has served as the Chief Executive Officer of Planet Fitness since January 2013. Cash Required $1,500,000. Plus, that smaller pool of franchisees means each one receives more personalized support from the company. Estimated total initial investment: $304,500 to $2.1 million. Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire.
Largest Planet Fitness Franchisee Acquires 19 Planet Fitness Clubs in [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. 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. Ms. Medeiros received her Bachelors degree from the University of New Hampshire. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm. Throughout her tenure, she has held roles of increasing responsibility, with her most recent position being Vice President of National Marketing. Orange Theory Franchise was founded in Boca Raton, Florida in 2009. Lead Assigning Editor | Small business finances, investing, banking. Club Pilates North Shore is a boutique Pilates studio specializing in reformer fusion classes for anyone, at any age or fitness level. Wed recommend meeting with your bank or accountant to help you determine which franchise is financially doable for you right now. Ms. Gosselin was named a Top Woman in PR by PR News in 2020. 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. - In Philippine currency, the investment comes around Php 47,15 million to Php 206,34 million. has opened over 4,000 locations on all seven continents. Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. 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. 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. Please scroll down for a partial list of franchise businesses. 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. in Management Information Systems from Northwood University. [47], In March 2013, Planet Fitness partnered with 50 Cent to sell his energy drink "Street King". Edward Hymes joined Planet Fitness in January 2023 as President and Chief Operating Officer. [13] The new model was an effort to provide a fitness hub for everyday people. Planet Fitness's franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. In addition to offering their signature classes, Pure Barre studios also generate revenue through teacher training and selling premium workout clothes. According to their website, Pure Barre is the oldest and most established barre studio out there. Upon your submission of your Construction Development Plans for our approval, Point of Sale Support, Processing and Account Management Services Fees, $149-$199 plus processing and credit card fees based on the number of transactions processed per month or number of eligible accounts enrolled in collections. [11][12] Berks had been catering to the bodybuilding culture in his Gold's Gym. Before the pandemic, it was growing at a rate of approximately 200 units a year, which is impressive. Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. All told, their gyms boast over 14 million members worldwide.
Planet Fitness Announces Winners of Annual Franchisee Awards - PR Newswire In this role, she is responsible for driving our digital vision and strategy, including leading the continuous enhancement of our mobile app, with a focus on consumer engagement, loyalty and a differentiated omni-channel experience to accelerate Planet Fitness growth and success. 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. [5] It markets itself as a "Judgement Free Zone" that caters to novice and casual gym users, and has faced both praise and criticism for its atmosphere. He joined Planet Fitness in 2016 as the Senior Vice President of Franchise Operations. You have to pay this upfront fee when opening a Planet Fitness franchise. Even more reason to consider investing in a gym franchise? If you sign an Area Development Agreement, the Initial Franchise Fee for each location opened under the Area Development Agreement will be $20,000 for Franchise Agreements entered into within four years of the effective date of your Area Development Agreement. 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. Pure Barre has over 500 open locations across North America with tons of available studio markets in the U.S. It was founded in 2001, began franchising in 2008, and currently has over 120 locations in 26 states. Of the total gross monthly and annual membership fees payable to you via EFT Dues Draft. Now, We Own 22 Locations", "What your new gym doesn't want you to know", "Planet Fitness vs. the lunkheads: Why is a health club trying to alienate people who love to work out? 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. Looks like your subscription is due. We offer detailed franchise research and contact data reports. Ms. Medeiros has been instrumental in developing and refining Planet Fitness marketing strategy and differentiated Judgement Free positioning in the fitness industry. Thanks to that near-legendary status in the fitness world, and their loyal customers. 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. So long as you are not decided on the fitness industry, we recommend you have a look at other offerings.
In fact, in a recent Inc. 5000 list of the 10 fastest growing franchises, four were fitness franchises. The Planet Fitness franchise sets itself apart from other gyms by being the "Judgement Free Zone" where everyone can feel comfo. The initial Planet Fitness Franchise Fee is $20,000. However, this does not influence our evaluations. [21] Some bodybuilders and weight lifters have found the way they're portrayed in Planet Fitness TV commercials to be offensive, and the way they're treated in Planet Fitness gyms to be "quite possibly discriminatory. * 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. In other words, franchising takes most of the heavy lifting off your shoulders. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. In this role, he is responsible for all aspects of financial strategy and management. [47] The contestants on the show worked out on Planet Fitness equipment and then at Planet Fitness gyms near their homes, working with Planet Fitness instructors.
How Much Does A Planet Fitness Owner Make? - drfranchises.com Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. [7] They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO 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. She is based in Santa Monica, California. The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. [10][7], Berks had started his own Planet Fitness gym in 1993 in Sunrise, Florida, and eventually expanded it to three clubs, along with a Gold's Gym franchise. You must maintain the franchise premises according to Planet Fitness brand standards. Currently, the Planet Fitness franchise has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. When evaluating offers, please review the financial institutions Terms and Conditions. Theyll provide you with a personal support team, comprehensive training, and marketing support over the course of your franchise agreements six-year term (or 10, if youre in California).