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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. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.
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The franchisor offers for sale Planet Fitness franchises for new locations and for existing fitness facilities that want to convert to Planet Fitness. How Much It Cost to Open a Planet Fitness Franchise. Estimated Initial Investment. Initial Franchise Fee: $20,000 – $20,000; Site Selection Costs: $1,000 – $10,000
Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. Initial investments: $969,600 - $4,242,500 Net Worth Requirement: $3,000,000
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. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.
Planet Fitness franchise startup fee is $20,000. Upon signing an Area Development Agreement, you will have to pay $10,000 for the Area Development Fee per location and Planet Fitness will require you to have a minimum of 5 locations. However, if you pay the Area Development Fee, you will not have to pay for the initial franchise fee anymore.
Greater of $15,000 or 7% of the total gross monthly membership fees payable to franchisees via EFT in a quarter, and the greater of $5,000 or 3% of the total gross monthly membership fees payable to franchisees via EFT in a month. Advertising Cooperative Fees.
Initial Investment. $968,100 - $4,113,000. Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee ...
Planet Fitness Black Card membership cost is $ 22.99 per Month + taxes and fees. Planet Fitness Classic membership cost is $ 10.00 per Month + taxes and fees. Planet Fitness No Commitment membership cost is $ 15.00 per Month + taxes and fees. Planet Fitness Paid In Full membership cost is $ 199 per Year + taxes and fees.
Get high-quality fitness at an affordable price. Planet Fitness offers low startup fees, no-commitment options, as well as gym memberships starting at $10 a month. Join now!
7. If your stuff get stolen, or damage, Planet Fitness will not pay for your stuff. 8. It is your responsibility to have your personal stuff covered by an insurance. Anyways, do not let the lockers policy stop you from making a membership at Planet Fitness. Planet Fitness membership is $10 a month. It is worth it! Here is my reference.
The Franchise Agreement grants to franchisees the right to own and operate a single Planet Fitness business at a specific location. Franchisees may not conduct the business of their Planet Fitness business at any site other than the approved premises, or relocate their Planet Fitness business without the franchisor’s prior written consent and paying the relocation fee. The Franchise Agreement does not provide franchisees with any options, rights of first refusal or similar rights to ...