Their latest funding was raised on from a Post-IPO Debt round. Planet Fitness is registered under the ticker NYSE:PLNT . Planet Fitness is funded by 3 investors. Atlantic Street Capital and ClearLight Partners are the most recent investors.
How profitable is a Planet Fitness?
Planet Fitness surpassed third-quarter estimates by 13.62%, reaching $154.26 million in revenue compared to $105.38 million the year prior. The national gym chain recorded a net income of $18.6 million, up from a $3.3 million loss during the same period last year.Nov 8, 2021
Is Planet Fitness a service business?
HAMPTON, NH () Planet Fitness, Inc. For the second consecutive year, Planet Fitness has been named to Newsweek's list of “America's Best Companies for Customer Service,” ranking number 2 in the Fitness Centers Category.
What is Planet Fitness description?
Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company reports that it has 2,039 clubs, making it one of the largest fitness club franchises by number of members and locations.
Do Planet Fitness franchises make money?
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 would it cost to open a Planet Fitness?
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.
Are gym franchises profitable?
The bottom line is, gym franchises are profitable. Their business models are designed to generate a steady stream of income in the long run.
What is the most profitable gym franchise?
- Anytime Fitness. Initial franchise fee: $3,150 to $42,500.
- Orangetheory Fitness. Initial franchise fee: $54,950 to $59,950.
- Planet Fitness. Initial franchise fee: $20,000.
- Crunch Fitness. Initial franchise fee: $25,000.
- Pure Barre.
- The Bar Method.
- UFC Gym.
- Jazzercise Inc.
How much does a Planet Fitness franchise owner make?
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). They gain profits out of things such as monthly membership, merchandise, and membership cards.
Are Planet Fitness gyms profitable?
Planet Fitness' profit and revenue In 2020, Planet Fitness reported $406.6 million in revenue.
How much money can you make owning a fitness franchise?
This all being said, how much you buy into a gym franchise to earn good profit can range anywhere from $30,000 to $300,000, depending on location, size, and amenities. This amount does include the initial franchise fee or the amount you will pay in order to use the company's name.Mar 6, 2020
How much does the Planet Fitness CEO make?
As Chief Executive Officer at Planet Fitness, Inc., Christopher Rondeau made $3,717,285 in total compensation. Of this total $530,139 was received as a salary, $0 was received as a bonus, $999,000 was received in stock options, $1,998,000 was awarded as stock and $190,146 came from other types of compensation.