Start-Up Costs and Fees |
||
| Shape Up Sisters | Planet Fitness | |
| Investment | 40000 - 51000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | $375/mo. | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2002 | 1992 |
| Year Franchised | 2002 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Shape Up Sisters | Planet Fitness | |
| Experience | Must enjoy working with & helping people | |
Financing Options |
||
| Shape Up Sisters | 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 |
||
| Shape Up Sisters | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Ad slicks, Regional advertising | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Shape Up Sisters | 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 | |
| Shape Up Sisters | |
| Planet Fitness | |
| Franchise Fee | |
| Shape Up Sisters | |
| Planet Fitness | |
| Royalty Fee | |
| Shape Up Sisters | $375/mo. |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Shape Up Sisters | |
| Planet Fitness | 9% |
| Year Founded | |
| Shape Up Sisters | 2002 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Shape Up Sisters | 2002 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Shape Up Sisters | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Shape Up Sisters | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Shape Up Sisters | Must enjoy working with & helping people |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Shape Up Sisters | No |
| Planet Fitness | No |
| Start-up Costs | |
| Shape Up Sisters | |
| Planet Fitness | |
| Equipment | |
| Shape Up Sisters} | |
| Planet Fitness | |
| Inventory | |
| Shape Up Sisters | |
| Planet Fitness | |
| Receivables | |
| Shape Up Sisters | |
| Planet Fitness | |
| Payroll | |
| Shape Up Sisters | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Shape Up Sisters | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Shape Up Sisters | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Shape Up Sisters | Ad slicks, Regional advertising |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Shape Up Sisters | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. |
| 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 | |
| Shape Up Sisters | |
| 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 | |
| Shape Up Sisters | 0 |
| Planet Fitness | |
| International Expansion | |
| Shape Up Sisters | |
| Planet Fitness | |