Planet Fitness Franchise For Sale - Gym

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Planet Fitness Franchise Opportunities


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.

How much does Planet Fitness franchise cost?

Planet Fitness has the franchise fee of up to $42,500, with total initial investment from $969,600.

Initial investments: $969,600 - $4,242,500
Net-worth Requirement: $300,000
Liquid Cash Requirement: $100,000

Name of FeeLowHigh
Initial Franchise Fee$20,000$20,000
Site Selection Cost$1,000$3,000
Construction Development Plan Review Fee$0$4,000
Leasehold Improvements$743,000$1,785,000
Fitness Equipment $31,000$922,000
Non-Fitness Equipment$40,000$594,000
Pre-Sale/Grand Opening Marketing$20,000$30,000
Exterior Signs$5,000$35,000
Computer System. Point of Sale System, and other Supplies $11,500$18,000
Insurance$10,000$20,000
Real Estate Lease Deposits$0,000$50,000
Other Deposits$0,000$25,000
Professional Fees$2,000$25,000
Your Out-of-Pocket Initial Training Expenses$1,500$6,500
Licenses/Bonds$100$5,000
Operating Cash (Additional Funds Pre-Opening and first six months)$85,000$700,000
Total Estimated Initial Investment$969,600$4,242,500

Ongoing Fees

Initial Franchise Fee: $21,000 - $42,500
Ongoing Royalty Fee: $449 - $549/mo.
Ad Royalty Fee: $300/mo.

You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. The Initial Franchise Fee is uniform and non-refundable. All initial fees are the same for both initial and conversion franchises.

If you acquire rights under our Area Development program, you will pay an Area Development Fee equal to $10,000 per location to be developed under the Area Development Agreement when you sign the Area Development Agreement. The Area Development Fee is uniform and non-refundable. The Area Development Fee is in addition to the then-current Initial Franchise Fee due for each location at the time the Franchise Agreement for that location is executed.

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. After four years the Initial Franchise Fee for each location opened under the Area Development Agreement will be equal to then-current Initial Franchise Fee being charged to new franchisees. 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.

Planet Fitness Gym Franchise

Support Options

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/planet-fitness

Planet Fitness website: www.planetfitness.com

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Other fees for Planet Fitness Franchise

Type of FeeAmountDue Date
Royalty$7% of the total gross monthly and annual membership fees payable to you via EFT Dues DraftPaid monthly and annually
InterestWill vary under the circumstancesWhen underlying obligation is paid
Internet Membership and Balance Payment Administration FeeSet according to our Methods of Operations, presently 55 per membership application or balance payment we process for your franchise locationPaid monthly
Refresher Training Workshops$500 to $1,500
Will vary under the circumstances.
As we and you agree
Per Diem Fee $100 to $1,000
Will vary under the circumstances.
As we and you agree
Re-Equip Costs$314,000 to $922,000As incurred
Remodel Costs$70,000 to $600,000As incurred
Fees to Evaluate and Approve Alternative SuppliersOur reasonable costs and expenses, which currently are expected to range between $1,000 and $5,000, although costs could greatly exceed those amounts depending on the productUpon receipt of our bill
InsuranceWill varу under the circumstances: estimated insurance premiums for your first year are $10,000 to $20,000As incurred
National Advertising Fund Fee2% of the total gross monthly EFT Dues Draft.Via EFT when the Royalty is paid
Local Advertising Fee ("LAF")Greater of $15,000 or 7% of the total gross quarterly EFT Dues DraftExpended quarterly according to our Methods of Operations as per your advertising budget
Special Marketing ProgramsVaries, maximum of 9% total gross monthly EFT Dues DraftUpon demand
Auditing CostsOur actual costs, which may range from $3,000 to $15,000After inspection or audit
Franchise Agreement Transfer Fee$10,000, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer.Prior to or concurrently with transfer
Area Development Agreement Transfer FeeYou 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. Prior to or concurrently with transfer
Relocation Fee$5,000Prior to relocation
Construction Development Plan Review Fee$4,000Upon 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. Estimated annual transaction costs per location range from $9,000- $72,000Monthly
Point of Sale Training Fee$800 per person, per dayAs incurred
Successor Franchise FeeEqual to 50% of our then-current initial franchise fee. subject to maximum fee of $40,000Concurrently with our granting a successor franchise to you
IndemnificationWill vary under circumstancesAs incurred
Costs and Attorney’s FeesActual costsReimbursement of our actual costs
Inspection & Compliance ReimbursementActual costs (approximately $1,200 per visit)Upon demand
Cure Period Extension Fee (Franchise Agreement)2% of the total gross EFT Dues DraftPaid monthly via EFT on the day designated as your Monthly Membership Billing Day, as defined in our Franchise Agreement
Grace Period Fee (Area Development Agreement)$2,500Paid monthly beginning on the first day of the Paid Grace Period
  • Starting investments from:
    969 600 $
  • Company type:
    Gym
  • Company foundation year
    1992
  • Year of launching the franchise
    2003
  • Franchise enterprises:
    1,353
  • Corporate Address:
    4 Liberty Ln. West Hampton, NH 03842, USA
  • Units in USA:
    1000+
  • Units in Canada:
    11
  • Units in Mexico:
    1
  • Units in Panama:
    4
  • Units in Dominican Republic:
    1
  • Units in Puerto Rico:
    12
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Information provided: the information is provided from public sources on the Internet
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