The Planet Fitness franchise was founded in 1992 and has been franchising since 2003. Plus, the outlook for gym franchises is bright: According to a report by IBISWorld, the health and wellness boom over the past few years has led to a sizable increase in gym membership levels, which continues to grow. Over the last three years, the company has been expanding. Estimated total initial investment: $58,870 to $521,437. Are fitness franchises profitable in 2022? - Glofox Owning a UFC Gym means owning a portion of the fastest growing sport in the worlda truly future-proofed business proposition. Plus, the outlook for gym franchises is bright: According to a report by IBISWorld, the health and wellness boom over the past few years has led to a sizable increase in gym membership levels, which continues to grow. Initial Franchise Fee: $20,000 Kathy Gentilozzi joined Planet Fitness in 2019 as the Companys Chief People Officer. They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau. Pure Barre has over 500 open locations across North America with tons of available studio markets in the U.S. Planet Fitness Fitness clubs 2023 Franchise 500 Rank #28 Ranked #7 last year See the Full List Initial investment $1.6M - $4.9M Units as of 2022 2,324 25.0% over 3 years Jump to Franchising. Ultimately, the only way to know which gym franchise is right for you is to do your own due diligence. 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. Here is a list of our partners. In other words, franchising takes most of the heavy lifting off your shoulders. JLM Financial Partners, Austin, Texas, and Eagle Merchant Partners, Atlanta . Prior to that, he served as the Director and General Manager of internet startup Kozmo, where he was responsible for new market development and operations. After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. Wed recommend meeting with your bank or accountant to help you determine which franchise is financially doable for you right now. With this purchase, which was for an undisclosed amount, United PF's club count has . Prior to joining Planet Fitness, Ms. Simmons worked in Finance and Business Planning roles for Timberland, PepsiCo, and Fisher Scientific International. Order now to get instant access to the complete Planet Fitness franchise owners. Planet Fitness Announces 2019 Franchise Awards has opened over 4,000 locations on all seven continents. Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%.

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