Question 1

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

Accepted Answer

The total initial investment for a Planet Fitness franchise ranges from $1.5M to $5.2M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Planet Fitness franchise fee?

Accepted Answer

The initial franchise fee for Planet Fitness is $20K.

Question 3

What are the net worth requirements for a Planet Fitness franchise?

Accepted Answer

Net worth requirements for Planet Fitness are specified in the Franchise Disclosure Document.

Question 4

Does Planet Fitness require a personal guarantee?

Accepted Answer

Yes, Planet Fitness requires a personal guarantee from franchisees.

Question 5

What equipment and inventory costs are involved with a Planet Fitness franchise?

Accepted Answer

Equipment costs for a Planet Fitness franchise range from $363K to $1.1M.