Thanks to that near-legendary status in the fitness world, and their loyal customers, Jazzercise has over 8,900 franchises across the country. In this role, she oversees general HR operations, talent acquisition, leadership development, business partner support, culture and employee engagement, benefits and compensation. In her role as Division President, Corporate Clubs, Ms. Simmons will be responsible for leading the Company's Corporate Club portfolio including driving overall performance, leading and developing the team, and identifying strategic growth and expansion opportunities of the brand's corporate store fleet, which consists of more than 200 locations across 14 states and Canada. Gathering all available information about each potential franchise will help you land on the gym that not only works for you financially, but that also resonates with your lifestyle and values. Ms. Gentilozzi has more than 30 years of Human Resources leadership experience at national retail brands, most recently serving as Executive Vice President of Human Resources at FULLBEAUTY Brands where she led all HR initiatives to support 2,000 associates. Over the last three years, the company has been expanding. Previously, he was the Chief Technology Officer at Airline Report Corporation, where he modernized the technology needed to process billions of dollars in payments annually. [18] This low-cost business model focuses on the needs of occasional or first-time health club members, rather than more experienced members,[6] and depends on many members rarely showing up. Join now to become a registered PFIFC member and gain access to a wealth of information that will help you succeed as a Planet Fitness owner. If you acquire rights under our Area Development program, you will pay an Area Development Fee equal to $10,000 per location to be developed under the Area Development Agreement when you sign the Area Development Agreement. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. [4], In October 2011, Planet Fitness reached an agreement with NBC to sponsor the network's reality show The Biggest Loser beginning with the 2012 season. Mr. ODonnell has nearly 20 years of experience in a variety of finance and accounting roles. After you cover your startup costs, your total gross monthly take could greatly exceed your expectations, depending on how many memberships you sell. These numbers indicate that potential earnings can vary significantly, and it depends on factors such as locations and how well the business is run. You must pay a supplemental fee of $5,000, per location remaining to be developed, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. This large discrepancy indicates the potential different costs you could face when building your Orange Theory franchise as a franchisee. 1. You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. And in 2019, gym franchises specifically contributed $4 billion to the $34 billion gym, health, and fitness industry. 3- Based on a midpoint investment of $3,273,300 with estimated profits of $831,881 at a 15% profit margin, it would take about 14 years to recoup your investment. Both within the fitness industry and American culture at large, Golds Gym has become legendary for their famous members (including Arnold Schwarzenegger) and their status as the mecca of bodybuilding. Since their founding by a Merchant Marine veteran in 1965, the Los Angeles-based gym has opened over 700 gyms in 29 states and 29 countries, and their international membership is 3 million devotees strong. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. Orange Theory is currently headquartered in Boca Raton, FL, and is run by its CEO Dave Long who previously served as the main developer and owner of the European Wax Center. We started our business in 1992 and refined our brand for a decade or so before franchising in 2003. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. Mr. ODonnell holds a CPA and received his Bachelors degree in Accounting from Assumption College in Massachusetts. In this role, he will lead the Companys technology evolution and strategy, focused on delivering technology solutions that will continue to enhance the member experience while optimizing infrastructure, data and operations for flexibility and scale. And with an incredibly low initial franchise fee and upfront investment, Jazzercise is one of the best low-cost franchises youll find, especially within the health and fitness industry. . Along with Pure Barre, The Bar Method is one of the best-known barre studios in the country. This FREE 10-part progressive program will help you get movin'. How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. Edward Hymes joined Planet Fitness in January 2023 as President and Chief Operating Officer. PF Independent Franchisee Council By contacting current franchise owners and asking about their experience with the franchised business, the earnings and/or success thus far, training and support from the franchisor, Pla-FitFranchise, and whether or not they would buy the franchise again if they could do it all over again, you can learn what its really like to own a Planet Fitness business before you actually purchase a franchise. Fitness Franchisee Contact Lists - FranchiseComplaints.org [21] Some bodybuilders and weight lifters have found the way they're portrayed in Planet Fitness TV commercials to be offensive, and the way they're treated in Planet Fitness gyms to be "quite possibly discriminatory. Performing this action will delete your account. You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. Orange Theory was ranked 49th in the franchise 500 rankings according to entrepreneur.com. [15], Rondeau and the Grondahls recognized that there was a greater opportunity to serve a much larger segment of the population if they changed the gym environment, both in attitude and format, by creating a non-intimidating, low-cost model. Disclaimer: NerdWallet strives to keep its information accurate and up to date. - In currency of Germany, the investment comes around EUR 805,430 to EUR 3,524,180. 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. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. Upon your submission of your Construction Development Plans for our approval, Point of Sale Support, Processing and Account Management Services Fees, $149-$199 plus processing and credit card fees based on the number of transactions processed per month or number of eligible accounts enrolled in collections. in Pilates. Net Worth Requirement: $3,000,000 The Planet Fitness franchise sets itself apart from other gyms by being the "Judgement Free Zone" where everyone can feel comfo. $10,000, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. [7] They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, current CEO Chris Rondeau. Mind that the franchise requirements for sale could be different depending on the format and scope of business. Estimated total initial investment: $2,405 to $3,200. The Area Development Fee is uniform and non-refundable. In this role, he is responsible for all aspects of financial strategy and management. Prior to joining Planet Fitness, Mr. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. If you own and operate multiple Planet Fitness businesses in the same market area and LAF spending for them is combined. has 1,800+ open locations across all 50 states, along with Canada, Latin America, and Australia. Please renew to keep using our services. Throughout her tenure, she has held roles of increasing responsibility, with her most recent position being Vice President of National Marketing. ", "Planet Fitness revokes woman's membership after transgender complaint", "Planet Fitness Has New Investor; Promotes Rondeau To CEO", "Former Radio Shack CFO Fills Planet Fitness Hole", "Planet Fitness goes public, hits mark in first day of trading", "Ranking America's Best And Worst Franchises: Which Are The Best Investments? 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. Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993. Many of these are one-time fees that are needed to launch the franchise. The board of directors at Planet Fitness is as follows: Stephen Spinelli, Jr. (Ph.D.), Chairman Chris Rondeau (CEO) Bernard Acoca Enshalla Anderson Craig Benson Cammie Dunaway Frances Gregg Rathke Christopher Tanco Planet Fitness franchisees also compete against other smaller gym and fitness business locations. Even if your network of Planet Fitness franchises earns above $% a million, you will not be able to recover costs just by selling it. - In Mexican currency, the investment comes around Peso 20,19 million to Peso 88,33 million. 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. Bill Bode serves as Division President, U.S. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. You have to pay this upfront fee when opening a Planet Fitness franchise. They also take a fun, irreverent, quirky, and motivating approach to marketing (ever see the mustache commercial? They opened a new gym called Coastal Fitness and the Grondahls hired current CEO. However, the profit varies on your location also. Planet Fitness Announces 2019 Franchise Awards Mr. Rondeau also received an honorary doctorate degree from Philadelphia University and received the Universitys honorary innovation medal. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness. Many or all of the products featured here are from our partners who compensate us.