Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying. Fitness centers have experienced sustained growth since the post-economic crisis in 2009. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The policy states that "members and guests may use all gym facilities based on their sincere self-reported gender identity. Their popularity mostly comes down to their unique business model: All Anytime Fitness locations are open 24 hours a day, seven days a week, and members can access any of those 4,000+ locations no matter where they are in the world. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Franchising | Planet Fitness An individual planet fitness franchise owner can make around $513,00 to $5,554,000 annually. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. has over 8,900 franchises across the country. Your experience may vary depending on whether you finance tenant improvements, your location, and other factors. Call (888) . According to their website, Pure Barre is the oldest and most established barre studio out there. [46], Planet Fitness reported that it has around 2,400 gyms worldwide with a total membership of 17 million, generating an annual revenue of $936.8 million at the end of 2022. At the moment we can not connect you to the representative of this franchise. Throughout her tenure with Planet Fitness, Ms. Simmons built the Business Strategy and Analytics functions from the ground up, leveraging data, analytics and insights to develop and drive Planet Fitness overarching corporate strategy, propel the business forward, and reinforce the brands industry leadership position. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. West Hampton, NH 03842, USA, Interested? Who Owns Planet Fitness? (Franchise, CEO & More) - Trusty Spotter Founded in 1992 in Dover, N.H., Planet Fitness is now the fastest-growing full size health club franchise in the United States, and has revolutionized the industry with a combination of extremely . Paul Barber joined Planet Fitness in October 2022 as the Companys Chief Information Officer. FranchiseComplaints.org 4. Bringing Franchise Owners Together to Share and Grow. Ms. Gentilozzi is a certified Senior Professional in Human Resources (SPHR). Our partners cannot pay us to guarantee favorable reviews of their products or services. Browse 1000s of reports on 1000s of franchise systems. After establishing a strong reputation across the fitness industry, Latham decided to seek a larger challenge and transitioned from the study of physiology to owning a gym that implemented a business model that remains in place across all studios to this day: offering trainer-led group workout sessions, which are broken into intervals of cardiovascular and strength training. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. Whether youre a gym rat yourself or youre passionate about helping others achieve their health goals, starting a fitness business can be a dream gig for health-conscious entrepreneurs. They opened a new gym called Coastal Fitness and the Grondahls hired current CEO. Get in touch with Planet Fitness Owners from around the US with verified contact data for all owners of all Planet Fitness locations. Estimated total initial investment: $198,650 to $446,250. - In Philippine currency, the investment comes around Php 47,15 million to Php 206,34 million. [47] The contestants on the show worked out on Planet Fitness equipment and then at Planet Fitness gyms near their homes, working with Planet Fitness instructors. To be eligible to open a Crunch Fitness franchise, candidates must have at least $1 million in net worth and access to $300,000 to $400,000 in liquid assets. Mr. Rondeau joined Planet Fitness in 1993, working the front desk at the very first location in Dover, NH, one year after the original founders, Michael and Marc Grondahl, started the Company in 1992. Thats 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 franchise operators. Corporate Governance - Management Team - Planet Fitness Additional Training: Ongoing training Planet Fitness franchise is growing, and it is growing fast. Franchise Owners Contact Lists - FranchiseComplaints.org Prior to that, Ms. Gentilozzi served as Senior Vice President of Human Resources at Aropostale, supporting over 25,000 employees in 1,000 retail locations throughout the U.S., Canada, and Puerto Rico. Due Date: Expended according to Planet Fitness Methods of Operations as per your advertising budget. Pure to Joseph Pilates' original Reformer-based Contrology Method, but modernized with group read more. Franchise Owners Marketing Lists - Dataman Group Direct All told, their gyms boast over 14 million members worldwide. Throughout the years, Chris played a critical role in developing and refining the unique, low-cost/high-value business model and lean operating system that revolutionized both the fitness and franchising industry. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. The fitness center industry is mainly divided into two groups, either a specialized fitness boutique or a full-scale gym with multiple amenities and services. "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. You must commit to opening a one or more PLANET FITNESS locations as a condition of acquiring area development rights, either yourself or through one or more entities in which you own 51% or more interest. Jennifer Simmons joined Planet Fitness in 2013 as a business analyst, later joining the executive leadership team as Senior Vice President of Business Strategy and Analytics and in 2022 was named Division President, Corporate Clubs. Planet Fitness Franchise Owners' Salary Your gross monthly take is based on your memberships, which range from $10 to $25 per month for the franchise. Mr. Fitzgerald holds an MBA in Finance from Indiana University Kelley School of Business and received his Bachelors degree in Finance from the University of Florida. [29], In 2020, the company received criticism for charging its customers for March dues "despite closing its facilities nationwide due to the novel coronavirus pandemic. Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. [49] [50], Since 2015, Planet Fitness has been a personal sponsor of NASCAR driver and champion Joey Logano. Planet Fitness franchisees also compete against other smaller gym and fitness business locations. Reaching out to multi-unit franchise owners and regional developers gives you the ability to get your products and services into many locations with just one sale . [25][26] The company went public on August 6, 2015. Before the pandemic, it was growing at a rate of approximately 200 units a year, which is impressive. Many or all of the products featured here are from our partners who compensate us. Planet Fitness estimates the total costs to re-equip your facility with both cardio equipment and all other exercise equipment will range from $314,000 to $922,000 every 5 to 7 years. This information may be different than what you see when you visit a financial institution, service provider or specific products site. They opened a new gym called Coastal Fitness and the Grondahls hired current CEO Chris Rondeau, who was still in college at the time, to run the gyms front desk. Along with Pure Barre, The Bar Method is one of the best-known barre studios in the country. "[20] In 2003, Planet Fitness opened its first franchised location in Florida, with Eric Dore and Shane McGuiness. Thanks to that near-legendary status in the fitness world, and their loyal customers. Mr. Rondeau also received an honorary doctorate degree from Philadelphia University and received the Universitys honorary innovation medal. He began working at Shell in 2001, holding broad and diverse roles including strategy, business development, project management, and deal delivery. Your actual costs may be higher or lower depending on the size and location of your Planet Fitness business. Mind that the franchise requirements for sale could be different depending on the format and scope of business. [54][55] Also in 2016, the company donated more than $1 million to the program. Even though the history of barre dates back to 1959, when the discipline was created by former ballerina Lotte Berk, the ballet/Pilates/yoga hybrid saw a huge boom in the 2010s. With that in mind, Planet Fitness franchisees will need to pay for that international brand recognitionopening a Planet Fitness franchise may cost over $4 million. PDF Together We Are Franchising Throughout her tenure, she has held roles of increasing responsibility, with her most recent position being Vice President of National Marketing. So how do we make money? From the start, Planet Fitnesswas an inclusive, non-intimidating gym and in 1997, Planet Fitness officially unveiled its Judgement Free Zone philosophy. They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau. Edward Hymes joined Planet Fitness in January 2023 as President and Chief Operating Officer. Our opinions are our own. Owner WIRED Telcom 159 W 1st Street Oswego, NY 13126 Phone: (315) 326-3350 .
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