Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company reports that it has 1,500 clubs, making it one of the largest fitness club franchises by number of members and locations. There are locations across the United States as well as in other countries such as Canada, Puerto Rico, Dominican Republic, Panama, and Mexico. It markets itself as a "Judgement Free Zone" that caters to novice and casual gym users and is reported to be the nation’s fastest growing fitness center franchise.
In February 2016, the franchise was added to the Franchise Times' "Fast and Serious" list of top franchises (#1), and in its 2016 ranking of franchises, Forbes magazine ranked Planet Fitness #4. It ranked in the top 50 of Entrepreneur magazine's Franchise 500 in 2017.
Financial Requirements for Planet Fitness Franchise
Initial investments: $107,524 - $722,796
Net-worth Requirement: $300,000
Liquid Cash Requirement: $100,000
Initial Franchise Fee: $21,000 - $42,500
Ongoing Royalty Fee: $449 - $549/mo.
Ad Royalty Fee: $300/mo.
Classroom Training: 80 hours
Additional Training: Ongoing training
Absentee Ownership Allowed
Planet Fitness regions of the presence: https://www.planetfitness.com/gyms
Planet Fitness Franchise Info: www.planetfitness.com/franchising/become-a-franchisee
Planet Fitness Reviews: www.consumeraffairs.com/health_clubs/planet_fitness.html
Planet Fitness website: www.planetfitness.com
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