planet fitness franchise owners list planet fitness franchise owners list

Now, youd be hard-pressed to find a gym franchise that doesnt offer some form of barre class, but owning a Pure Barre franchise takes you straight to the source. [39][29][40], In December 2014, Planet Fitness opened its first international location in Toronto, Ontario, Canada. [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. The name came from his daughter's school project, "Fitness Planet". [44][37] In 2016, over 90% of Planet Fitness locations were opened by existing franchise owners. Estimated total initial investment: $304,500 to $2.1 million. 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. Prior to joining Dunkin' Brands, he was a Dunkin' Donuts franchisee in Richmond, VA. Tom Fitzgerald joined Planet Fitness in 2020 as the Companys Chief Financial Officer. However, the profit varies on your location also. When evaluating offers, please review the financial institutions Terms and Conditions. For example, this includes replacing your cardio equipment every 5 years and replacing your non-cardio equipment every 7 years. Have questions? As a franchise owner, youll benefit from a proven business model, brand recognition, existing customer base, vendor network, and robust franchisee support system. 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. 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. JLM Financial Partners, Austin, Texas, and Eagle Merchant Partners, Atlanta . Find other similar franchises in our catalog! We now have: 2,400+ locations open (and we're just getting started!) [18] This low-cost business model focuses on the needs of occasional or first-time health club members, rather than more experienced members,[6] and depends on many members rarely showing up. The second Toronto location opened in early 2015. 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. The policy states that "members and guests may use all gym facilities based on their sincere self-reported gender identity. [41][42] In October 2015 the company opened their second international location in Santo Domingo, Dominican Republic. 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. "[22], As early as March 2015, the "Judgement Free Zone" policy was expanded to allow trans women to use the women's locker room. Planet Fitness Independent Franchisee Council Join Us Today! Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. Prior to joining Planet Fitness, Mr. ), and that attitude trickles down into their culturethey genuinely want people to have fun while they work out. Planet Fitness ( PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. Review the chart below to see how much it costs to buy a Planet Fitness franchise in 2022. Find Accurate Contact Data for Fitness Franchise Owners. We believe everyone should be able to make financial decisions with confidence. Pure to Joseph Pilates' original Reformer-based Contrology Method, but modernized with group read more. This routine is an 18-minute HIIT workout that targets cardio and endurance. This investment is much higher than the industry standard of $253,000. Orangetheory Fitness provides a totally unique (and seriously hard) group workout experience. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm. You may need additional operating capital, or you may need it for a longer period of time. In 2020, he joined the International Franchise Association (IFA) Board of Directors; board members are drawn from a world-class set of franchise brands. Once you start operating your Pure Barre location, youll be responsible for a monthly royalty fee of 7% of gross sales and a 1% monthly marketing fee. Owning a. means owning a portion of the fastest growing sport in the worlda truly future-proofed business proposition. has over 8,900 franchises across the country. Annually Updated with New Owners of Planet Fitness Locations in the USA. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. This document includes information about the franchises financial standing, capital requirements, franchisee training, and ongoing franchise fees, among other crucial information. 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. 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. 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. In this role, he has overall leadership and accountability of the brands primary revenue producing business segments, including U.S. and international franchise operations and development, equipment sales, and Corporate stores, in addition to both the technology and legal functions. from Boston University and an M.B.A. from the University of Denver, Daniels College of Business. [17], As part of their effort to create a non-intimidating environment, Planet Fitness has alienated many serious weight lifters. 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. 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. 1,600+ locations open and we're just getting started! The Area Development Fee is uniform and non-refundable. Owning a UFC Gym means owning a portion of the fastest growing sport in the worlda truly future-proofed business proposition. We offer detailed franchise research and contact data reports. Investing in an Orange Theory franchise is an interesting opportunity, especially for individuals looking to make their way into the Fitness industry. Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing gym franchises in the United States. As a result, she has played an instrumental role in the major strategic decisions made by the Company. Initial franchise fee: $30,000 to $50,000, Estimated total initial investment: $100,000 to $2 million. The total investment to open a Planet Fitness gym ranges from $728,290 - $3,777,800. [28] It ranked in the top 50 of Entrepreneur magazine's Franchise 500 in 2017. [48], Since December 2014, Planet Fitness has been the official fitness sponsor of Dick Clark's New Year's Rockin' Eve on ABC. [51] In April 2022, Planet Fitness appeared as a sponsor on a race truck for the first time in the 2022 Pinty's Truck Race on Dirt with Logano driving the truck. He held multiple store operations positions with P&L responsibility progressing from Store Manager to Regional Manager. That way, participants can both track their own progress, and see how it stacks up to other people in the classso if you thrive on competition, this is the gym franchise for you. Although gym franchises require that the owner has previous management experience, most dont require experience in the. Bill Bode serves as Division President, U.S. 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. [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. Estimated total initial investment: $1 million to $4.1 million. 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. Under Rondeaus leadership, Planet Fitness has experienced tremendous growth and has been recognized for many accolades including, Entrepreneur Franchise 500 Fastest Growing Franchise List, Franchise Times Top 200, Forbes Americas Best Franchises, Newsweek Best Customer Service, and Best Places to Work in New Hampshire. Your Royalty payment is currently based on the total gross monthly and annual membership fees for the, You must maintain your equipment according to, Your actual costs may be higher or lower depending on the size of your, You must maintain the franchise premises according to, Franchise Disclosure Document (FDD) Database, Your Lender; Approved Suppliers; Our Affiliate, Paid to various media companies and other third parties to promote the opening of your business, Computer System, Point of Sale System, and other Supplies, Utilities, banks/credit card companies, leased equipment vendors, alarm company, telephone company, Your Out-of-Pocket Initial Training Expenses. Planet Fitness franchise is growing, and it is growing fast. Planet Fitness trademarked the phrase judgment free zone, so that alone should give you a sense of this gyms major value: inclusivity for all people, regardless of their fitness levels. All initial fees are the same for both initial and conversion franchises. At the moment we can not connect you to the representative of this franchise. 1 comment. "[21] Planet Fitness has been criticized for prohibiting certain weightlifting exercisessuch as deadlifts and clean-and-jerksthat many experts believe are highly effective. The Fitness Center industry has over 111,000 businesses with a market size of $34 billion, and it supports over 800,000 jobs. $10,000, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. Franchising began one year later, and today Orange Theory studios can be found in 18 countries, and across 49 states. [37], The club's two membership levels are $10 and $24.99 per month in the United states[38] and in Canada they charge $15 and $25 per month. Owning a fitness franchise is a fantastic way to enter into the multi-billion dollar fitness industry. Cash Required $1,500,000. They also take a fun, irreverent, quirky, and motivating approach to marketing (ever see the mustache commercial? [47], In March 2013, Planet Fitness partnered with 50 Cent to sell his energy drink "Street King". Liquid Cash Requirement: $1,500,000. They provide an affordable, high-quality fitness experience in a welcoming environment. "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." Office Depot, Planet Fitness, Roto Rooter, Starbucks, Taco Bell, Travelers, and United Health Group. [46], Planet Fitness reported that it has around 2,400 gyms worldwide with a total membership of 17 million, generating an annual revenue of $936.8 million at the end of 2022. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. Headquarters: Hampton, New Hampshire. The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. 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. 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 . With that in mind, Planet Fitness franchisees will need to pay for that international brand recognitionopening a Planet Fitness franchise may cost over $4 million. Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Prospective owners are asked to have a minimum net worth of $3 million and a minimum of $1,500,000 in liquid capital. But perhaps most important to this process is interviewing current franchisees. She is based in Santa Monica, California. They opened a new gym called Coastal Fitness and the Grondahls hired current CEO. You must maintain the franchise premises according to Planet Fitness brand standards. * 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. Assistant Assigning Editor | Small-business finance, personal finance. ", "Planet Fitness revokes woman's membership after transgender complaint", "Planet Fitness Has New Investor; Promotes Rondeau To CEO", "Former Radio Shack CFO Fills Planet Fitness Hole", "Planet Fitness goes public, hits mark in first day of trading", "Ranking America's Best And Worst Franchises: Which Are The Best Investments? However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. That said, Orangetheory is designed for people of all fitness levels, since participants can go entirely at their own pace. - In Philippine currency, the investment comes around Php 47,15 million to Php 206,34 million. 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. We offer the most complete and most accurate mailing/telemarketing list for Planet Fitness franchise owners. As can be seen, Planet Fitness stock has outpaced the S&P 500 by almost 2x. The estimated total investment necessary to begin the operation of an Orange Theory Franchise ranges from $657,542 to $2,105,322. Classroom Training: 80 hours If you own and operate multiple Planet Fitness businesses in the same market area and LAF spending for them is combined. Ms. Gosselin was named a Top Woman in PR by PR News in 2020. Call (888) 977-4374. Planet Fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services . Planet Fitness has more members and locations than any other fitness brand. 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. Pure Barre has over 500 open locations across North America with tons of available studio markets in the U.S. The gym utilizes a "lunk alarm", which is a loud siren and rotating light that is used when a gymgoer grunts too loudly or drops weights. NerdWallet strives to keep its information accurate and up to date. [3] The company reports that it has around 2,400 clubs,[4] making it one of the largest fitness club franchises by number of members and locations. While at Dunkin Brands, he helped lead the technology team that rolled out mobile ordering across 9,000 locations. You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. Comment. After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. An individual planet fitness franchise owner can make around $513,00 to $5,554,000 annually. 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. You'll build confidence while increasing your fitness knowledge. [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. Jamie Medeiros joined Planet Fitness in 2000, where she worked at the front desk in the Companys third location before transitioning to the Planet Fitness corporate marketing team. 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. 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. They opened a new gym called Coastal Fitness and the Grondahls hired current CEO Chris Rondeau, who was still in college at the time, to run the gyms front desk. Ms. Simmons has an MBA in Finance from the University of New Hampshire and holds dual Bachelors degrees in Economics and Sociology from Indiana University. Mr. ODonnell holds a CPA and received his Bachelors degree in Accounting from Assumption College in Massachusetts. Orange Theorys success is quite similar to Pelotons rise to fame. Mr. Barber holds a B.S. [36], The company reports that as of 2019, there are 80 corporate-owned gyms, the rest independently owned and operated. "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. This model has become extremely sticky in the fitness industry because while many people want to achieve their fitness goals, they innately lack motivation. - In Mexican currency, the investment comes around Peso 20,19 million to Peso 88,33 million. It is reported to be the nations fastest growing fitness center franchise. Now, youd be hard-pressed to find a gym franchise that doesnt offer some form of barre class, but owning a. takes you straight to the source. Call us direct at (855) 822-0912, Get Contact Details & Mailing List of Planet Fitness Franchisees, The difficult part of this step of the franchise buying due diligence. [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. Even after the pandemic hit, it continued to grow at a rate of over 100 units. For those looking to get started with a Planet Fitness franchise, it's important to factor in all of these costs so that you have a clear understanding of the total investment required. Planet Fitness franchisees also compete against other smaller gym and fitness business locations. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The 2019 Planet Fitness Franchise Awards were given to the following: Hall of Fame: Jeff & James Innocenti - PF Supreme Franchisee of the Year: Mike Turner & CJ Bouchard - Excel Fitness Operator of the Year: Steve Kindler, Jr. - National Fitness Partners Developer of the Year: Tim Kelleher - Taymax Group 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. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Browse 1000s of reports on 1000s of franchise systems. The $10 per month level includes access to cardio and strength equipment, unlimited group fitness instruction and pizza and bagels once a month; the $24.99 per month ("Black Card") level allows members to bring one guest per day at no charge, access to all Planet Fitness locations, and access to extra amenities, such as tanning booths, massage chairs, red light therapy and water massage beds. is growing quickly: In 2018, The Bar Method saw a 118% growth rate. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. It offers classes for dance, aqua, cycle, box, pilates, and many more. [34] The royalty fee for a Planet Fitness is 7% of the total gross monthly and annual membership fees. Franchise Division including leading the operations, development and construction, vendor management and local marketing execution teams. The initial Planet Fitness Franchise Fee is $20,000. 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. Your experience may vary depending on whether you finance tenant improvements, your location, and other factors. in Management Information Systems from Northwood University. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. Lead Assigning Editor | Small business finances, investing, banking. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Earlier in her career, Ms. Kaplan held several digital and marketing leadership roles at global brands including American Express and Citi, Inc. She serves as an independent member of the Fiesta Restaurant Group Board of Directors, as well as the Massachusetts Innovation & Technology Exchange (MITX). West Hampton, NH 03842, USA, Interested? Across 50 states the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia 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. New franchise owners can also expect to participate in a comprehensive training program, as the franchise requires their franchisees to be certified barre instructors. The graph below and the table that accompanies it depicts the total return to shareholders between 2015 and 2021 on Planet Fitness class A common stock relative to the performance of the S&P 500 Index and the Russell 2000. Prior to Jiffy Lube, he served on Shells global Downstream Acquisitions & Divestments Leadership Team with responsibility for transaction delivery across North and South America. [11][12] Berks had been catering to the bodybuilding culture in his Gold's Gym. Prior to Dunkin, she worked at various communications agencies in both Boston and Washington, DC on behalf of various leading retail brands. . The estimated total investment necessary to begin the operation of a Planet Fitness Franchise ranges from $1,625,600 $4,921,000. 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. Planet Fitness Initial franchise fee: $20,000 Estimated total initial investment: $1 million to $4.1 million Planet Fitness trademarked the phrase "judgment free zone," so that alone. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. Planet Fitness estimates the costs to upgrade and/or remodel your facility will range from $70,000 to $600,000 every 5 years. 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. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. All told, their gyms boast over 14 million members worldwide. All reactions: 8. She received her Bachelors degree from Eastern Connecticut State University. Throughout the years, Chris played a critical role in developing and refining the unique, low-cost/high-value business model and lean operating system that revolutionized both the fitness and franchising industry. First, youll need to winnow down your list to only the gyms whose investment levels align with your financials, as well as your eligibility to secure franchise financing or gym financing. You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. 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. 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. Royalty fees and advertising fees are generally calculated as a percentage of gross sales in franchise agreements, but Anytime Fitness rates are flat from month to month, which makes it easier for you to plan and organize your expenses. Planet Fitness Franchise Owners Contact List $ 149 Add to cart; GNC Franchisee Owners List $ 129 - $ 179 Select options; Club Pilates Franchisee Owners List $ 99 Add to cart; Golds Gym Franchisee Owners List As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. [32][33], Planet Fitness started franchising units in 2003. Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. These figures are estimates based on Planet Fitness and its affiliates experience in operating locations. All financial products, shopping products and services are presented without warranty. Burn Boot Camp Under Rondeau's leadership, Planet Fitness has experienced tremendous growth and has been recognized for many accolades including, Entrepreneur Franchise 500 - Fastest Growing Franchise List, Franchise Times' Top 200, Forbes' America's Best Franchises, Newsweek Best Customer Service, and Best Places to Work in New Hampshire. 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. The franchise has since modernized their routines and worked Pilates, yoga, hip hop, kickboxing, and strength training into their classes, which they claim can burn up to 800 calories in one hour. As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. Brian ODonnell joined Planet Fitness in February 2016 and currently serves as VP, Chief Accounting Officer. You'll also benefit from . When evaluating offers, please review the financial institutions Terms and Conditions. If you are thinking about how to open a Planet Fitness franchise, begin with a franchise investment information. Mind that the franchise requirements for sale could be different depending on the format and scope of business. - In Malaysian currency, the investment comes around MYR 3,93 million to MYR 17,21 million. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. We also suggest that you speak to 3 5 Planet Fitness owners before opening one yourself. Kathy Gentilozzi joined Planet Fitness in 2019 as the Companys Chief People Officer. Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. Then, the last four workouts in the program will take place in the gym and you'll learn how . 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. The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of Planet Fitness franchise owners.