Planet Fitness franchise fees for 2024:
Initial Franchise Fee
$20,000
Initial Investment $936,600 - $4,558,000
Net Worth Requirement $3,000,000
Cash Requirement $1,500,000
Royalty Fee 7%
Ad Royalty Fee 9%
Term of Agreement 10 years
No. Planet Fitness is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.
No. Planet Fitness is not a home based franchise opportunity.
Click here to find out how much Planet Fitness franchisees make. Planet Fitness offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
Yes. Planet Fitness franchise is looking for Canada franchisees.
Yes. Planet Fitness franchise is looking for International franchisees.
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.