Planet Fitness Franchise Purchase

By Realita Cinta 11 Jun, 2020

If you choose to purchase your equipment, the total investment necessary to begin operation of a single planet fitness® facility ranges from $1,616,600 to $4,242,500. Planet fitness franchisee now operates 80 locations, making it one of the largest planet fitness franchise groups in the u.s.

How much does it cost to buy a Fitness franchise

The equipment finance and purchase costs are nonrefundable.

Planet fitness franchise purchase. They’re growing faster than any other franchise. If you’re ready to flex your entrepreneurial muscles, here are 30 different fitness franchise opportunities to consider. This includes $333,000 to $891,000 that must be paid to the franchisor or its affiliate.

If you want to become a planet fitness franchisee, you need an initial investment that ranges from $969,600 to $4,242,500. This includes $52,000 to $304,000 that must be paid to the franchisor or its affiliate. Franchisees must also pay a 5% ongoing royalty fee on all sales to planet fitness.

The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of planet fitness franchise owners. The ongoing fees include a 7% royalty fee and a 9% ad fee. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.

And of course, the price depends on many factors. To report third quarter 2020 results on november 5, 2020. Planet fitness got its start in 1992 when michael grondahl acquired a struggling gym.

Terms of the transaction were not disclosed. Planet fitness estimates the cost to purchase equipment before opening will range from $312,000 and $857,000. As of 2018, planet fitness has a contract with the commercial exercise equipment manufacturer precor to supply equipment to its gyms.

Email print friendly share april 10, 2019 10:33 et | source: As we've said before, we'll pursue franchise store acquisitions when it makes economic and. Login to your pf franchise management customer account.

Here is the detailed cost breakdown of the planet fitness franchise: 197 units (14 percent) a planet fitness franchise can easily cost. That’s 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.

Planet fitness franchise startup fee is $20,000. The average planet fitness franchise cost usually runs around $853,300 up to $3,669,150. There are currently more than 1,400 existing franchise locations across the country.

If you choose to purchase your equipment, the total investment necessary to begin operation of a single planet fitness® facility ranges from $1,651,600 to $4,178,000. Planet fitness franchise information from entrepreneur.com. We contacted planet fitness’s corporate office, as well as several planet fitness locations across the u.s., to compile the list of machines and equipment that you’ll find at most planet fitness gyms.

$20,000 new units in 2018: This includes $335,000 to $949,000 that must be paid to the franchisor or its affiliate. They are so popular that they are growing much faster than any other franchise of their type.

Other gyms can’t even begin to hold a candle the growth rate of planet fitness and that doesn’t look like anything that is going to change in the near future. Private investment firm altamont capital partners, palo alto, california, announced on march 5 that it has acquired pf eastern nc, raleigh, north carolina, the largest planet fitness franchisee in the tar heel state. They’ve been around for almost.

Could this growing franchise pump up your portfolio? $969,600 to $4,242,500 initial franchise fee: Planet fitness was founded in 1992 and started franchising in 2003.

This brings the groups' collective club count to 56. October 22, 2020 | planet fitness, inc. Pf franchise management customer secure login page.

Planet fitness franchising llc is the franchisor.planet fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services, related services and ancillary goods. Find detailed information about anytime fitness franchise cost and fees at franchisedirect.com.

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