How much does Planet Fitness franchise make a year?

The simple answer to Planet Fitness being profitable is yes they are, their revenue continues to go up every year. As of 2018, the revenue range is 513,00 to 5,554,000 dollars; this was the annual gross calculated by the Electronic Transfer of Funds (ETF).

How much does it cost to buy a Planet Fitness franchise?

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.

Is Planet Fitness a franchise?

How does Planet Fitness make a profit?

Planet Fitness has a revenue model that makes money in six (6) ways – franchise royalty fees, membership fees, selling equipment to franchisees, National Advertising Fund (NAF) revenue, placement services, and vendor commissions.

How much does it cost to open a Planet Fitness franchise?

Franchise Income 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.

What is the most profitable franchise to own?

Most Profitable Franchises 1 Dunkin’ 2 7-Eleven 3 Planet Fitness 4 JAN-PRO 5 Taco Bell 6 Orangetheory Fitness 7 Great Clips 8 Mac Tools 9 Cruise Planners 10 Jazzercise 11 McDonald’s 12 Mathnasium 13 Jimmy John’s Gourmet Sandwiches 14 Papa John’s 15 Anytime Fitness

Who is the franchisor of Planet Fitness?

Franchise Description: Pla-Fit Franchise, LLC is the franchisor. Planet Fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services, related services and ancillary goods.

How much does it cost to open a gym franchise?

To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets. To open an “area” (consisting of at least five gyms), a net worth of two million with $800,000 in liquid assets.