Start-Up Costs and Fees |
||
| Nitro Fitness for Men | Planet Fitness | |
| Investment | 55500 - 76500 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | $498/month | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2004 | 1992 |
| Year Franchised | 2004 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nitro Fitness for Men | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Nitro Fitness for Men | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Nitro Fitness for Men | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | |
| Operations | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Nitro Fitness for Men | Planet Fitness | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nitro Fitness for Men | |
| Planet Fitness | |
| Franchise Fee | |
| Nitro Fitness for Men | |
| Planet Fitness | |
| Royalty Fee | |
| Nitro Fitness for Men | $498/month |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Nitro Fitness for Men | |
| Planet Fitness | 9% |
| Year Founded | |
| Nitro Fitness for Men | 2004 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Nitro Fitness for Men | 2004 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Nitro Fitness for Men | 7 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Nitro Fitness for Men | $5,000 |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Nitro Fitness for Men | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Nitro Fitness for Men | No |
| Planet Fitness | No |
| Start-up Costs | |
| Nitro Fitness for Men | |
| Planet Fitness | |
| Equipment | |
| Nitro Fitness for Men} | |
| Planet Fitness | |
| Inventory | |
| Nitro Fitness for Men | |
| Planet Fitness | |
| Receivables | |
| Nitro Fitness for Men | |
| Planet Fitness | |
| Payroll | |
| Nitro Fitness for Men | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Nitro Fitness for Men | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Nitro Fitness for Men | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Nitro Fitness for Men | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Nitro Fitness for Men | |
| Planet Fitness | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Nitro Fitness for Men | |
| Planet Fitness | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Nitro Fitness for Men | 0 |
| Planet Fitness | |
| International Expansion | |
| Nitro Fitness for Men | |
| Planet Fitness | |