Planet Fitness

Planet Fitness

Planet Fitness franchises operate fitness training facilities offering exercise machines, free weights, fitness training services, related services, amenities, and ancillary goods in a low-pressure, judgement-free environment. The franchisor offers franchises for new locations and conversions of existing fitness facilities, following a proprietary system including marks, designs, equipment, and operating standards. They target health-conscious consumers in a competitive fitness market.

2,298
Locations
$1525K–$5222K
Investment
Since 2003
Franchising
Health & FitnessHampton, NHPlanet Fitness, Inc.www.planetfitness.comDisclaimer

Franchise Costs


Franchise Fee
$20,000
Item 5 of FDD
Initial Investment Range
$1,525,000 $5,221,500
Low: $1,525,000High: $5,221,500
Item 7 of FDD
Royalty Rate
7.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD

7% royalty + 2% NAF (national advertising fund, up to 3%) + $100/yr software licensing

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0

Data Based On: 2,197 franchised clubs in the United States, including Puerto Rico, open and operating for the entire 12-month period ended December 31, 2024.

* Calculated weighted average gross revenue for franchised clubs based on the '2024 EFT Revenue for Franchised Clubs Only' table (Page 1): (733 Bottom Third clubs * $1,205,580 Average Annual EFT Revenue) + (732 Middle Third clubs * $1,803,265 Average Annual EFT Revenue) + (732 Upper Third clubs * $2,613,753 Average Annual EFT Revenue) / (733 + 732 + 732 Total clubs = 2197) = $1,873,895.00. Median gross revenue is taken from the Median Annual EFT Revenue of the Middle Third segment ($1,794,689) as an overall median for all clubs was not explicitly provided. Revenue top quartile is the Average Annual EFT Revenue of the Upper Third segment. Revenue bottom quartile is the Average Annual EFT Revenue of the Bottom Third segment. No gross profit, net income, net profit, or EBITDA data was provided specifically for franchised clubs, only for corporate-owned clubs, which were excluded as per instructions.

Extracted Item 19 Section

How Planet Fitness Compares


Key Insights

  • Higher investment than 98% of Fitness Studios franchises
  • #1 largest franchise system in Fitness Studios
  • One of the lowest SBA loan default rates in Fitness Studios
FranchiseInvestmentFeeRoyaltyLocations
Planet Fitness
Current
$1.5M – $5.2M$20K7.0%2,298
ANYTIME FITNESS$459K – $908K$43KN/A2,290
F45 Training$349K – $786K$60K7.0%751
Pure Barre$314K – $629K$60K7.0%617
HOTWORX$259K – $878K$20KN/A578
Snap Fitness Club$431K – $1.1M$40KN/A484
Fitness Studios Average
55 franchises
$425K – $1.0M$47K6.9%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
198
2CA
197
3PA
113
4OH
109
5NY
107
6FL
104
7IL
102
8MI
94
9MA
82
10NC
73
11GA
72
12IN
66
13NJ
65
14VA
63
15AZ
57

+37 more states

SBA Loan History


Historical SBA 7(a) loan data for Planet Fitness franchisees (20102022)

Total Loans
135
Average Loan
$1,052,167
Total Volume
$142.0M
Default Rate
0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


2,637 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

2,637 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases2

Disputes involving termination of an area development agreement and breach of a franchise repurchase agreement with international franchisee.

Bankruptcy (Item 4)

Bankruptcy HistoryYes

Darrell Chichester, Vice President and Senior Associate General Counsel of Pla-Fit Franchise, filed personal Chapter 7 bankruptcy on March 2, 2018 (discharged July 3, 2018).

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
1
Non-Renewals
0
Reacquired
0
Ceased Ops
2
Transfers
270
Sold to Franchisees
0
Projected New
78

Frequently Asked Questions


The total initial investment to open a Planet Fitness franchise ranges from $1,525,000 to $5,221,500. This includes a franchise fee of $20,000. Ongoing royalty fees are 7.0% of gross sales.

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Also includes FDDs for

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F45 Training
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