Fitness Franchisee Contact Lists - FranchiseComplaints.org He joined Planet Fitness in 2016 as the Senior Vice President of Franchise Operations. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. Currently, the Planet Fitness franchise has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. The franchise also requires that candidates have at least $100,000 in combined liquid assets and a total net worth of at least $250,000. 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. Due Date: Expended according to Planet Fitness Methods of Operations as per your advertising budget. Pre-qualified offers are not binding. Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. Ms. Simmons has an MBA in Finance from the University of New Hampshire and holds dual Bachelors degrees in Economics and Sociology from Indiana University. Verizon Wireless, and Westin, just to name a very few. 10 Qualities of Highly Successful Fitness Franchise Owners Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. You'll also benefit from . Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. Annually Updated with New Owners of Planet Fitness Locations in the USA. Estimated annual transaction costs per location range from $9,000- $72,000, Equal to 50% of our then-current initial franchise fee. 2% of the total gross monthly EFT Dues Draft. Initial term lengths last 10 years. Prior to Dunkin, she worked at various communications agencies in both Boston and Washington, DC on behalf of various leading retail brands. [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. Please renew to keep using our services. 8. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. At Yum! Like. While this may be the business for you, make sure also to check out other companies offered on Vetted Biz and in the Fitness Industry. [43], With the addition of a Planet Fitness outlet in Hawaii in January 2018,[44] Planet Fitness had 1,500 locations with an estimated 10 million members across 50 states, the District of Columbia, the Dominican Republic, Mexico, and Panama[45] and Canada. "[21] Planet Fitness has been criticized for prohibiting certain weightlifting exercisessuch as deadlifts and clean-and-jerksthat many experts believe are highly effective. List to Contact Planet Fitness Franchise Owners - Planet Fitness Owners Contact List. [6], In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. When evaluating offers, please review the financial institutions Terms and Conditions.
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