Planet Fitness Announces Strong Growth In 2013
Company Opened 149 New Planet Fitness Clubs in the U.S. and Puerto Rico and Signed more than 200 New Franchise Agreements
NEWINGTON, N.H. - Feb. 19, 2014 // PRNewswire // - Planet Fitness, the innovative health club franchise known for its Judgement Free Zone® and affordable prices, is the fastest-growing full size health club franchise in the U.S. and today announced strong growth results for 2013. The company opened 149 new Planet Fitness clubs and signed more than 200 new franchise agreements. With more than 750 locations nationwide, Planet Fitness has more than tripled in size in the last five years alone, from 242 clubs in 2008 to 749 at the end of 2013.
"2013 was a record year for Planet Fitness' growth," said Brian Belmont, executive vice president of development and operations. "Not only did we open the most locations in the company's history, more than 90% of new clubs were opened by existing franchisees which reinforces their confidence and commitment to growing the brand. We also opened our 700th club in the chain in Stockton, CA. We look forward to continuing our strategic and aggressive growth in 2014, opening clubs in both new and existing markets, and providing more and more people with access to an affordable, high-quality and non-intimidating fitness experience that only Planet Fitness can provide."
For those interested in franchising, Planet Fitness is seeking financially qualified candidates with a passion for the brand and its unique, easy to operate business model. Potential candidates should meet the following criteria:
To open one club:
- Total liquid assets of all partners: $500,000
- Total net worth of all partners: $1.5 million
To develop an area (minimum of 5 clubs):
- Total liquid assets of all partners: $1.5 million
- Total net worth of all partners: $3 million
To learn more about franchising opportunities, visit: http://www.planetfitness.com/health-club-franchise.
Planet Fitness is truly unlike any other fitness concept in the industry with its innovative, no hassle approach to working out. Consistently included on the Inc. 5000 list of the fastest-growing private companies in America, Planet Fitness prides itself on providing a non-intimidating environment in its "Judgement Free Zone" at extremely affordable prices ($10 a month, or $19.99 a month for the PF Black Card®). All memberships include access to high quality cardio and strength equipment, unlimited small group fitness instruction by a certified trainer, access to spacious locker rooms complete with showers and day lockers, and much more. Planet Fitness is also the proud gym sponsor of NBC's The Biggest Loser®. For more information or to join online, please visit www.planetfitness.com or follow us on Facebook (www.facebook.com/PlanetFitness) and Twitter (www.twitter.com/PlanetFitness).
About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness is now the fastest-growing full size health club franchise in the United States, and has revolutionized the industry with a combination of extremely low prices and a unique, friendly, and hassle-free environment called the Judgement Free Zone®.
Planet Fitness has more than 750 locations nationwide. The company prides itself on giving people an unbeatable value, top-notch facilities, and an atmosphere that focuses on the needs of occasional or first-time gym users rather than hard-core fitness fanatics. All Planet Fitness clubs feature a wide selection of brand-name cardio and strength equipment, and provide unlimited fitness instruction with all memberships.
Planet Fitness is a national brand partner of NBC's The Biggest Loser®. For more information, visit www.PlanetFitness.com.
Director of Public Relations
SOURCE Planet Fitness