The Franchise 500 isn’t meant to endorse, promote, or recommend any explicit franchise. I went to Planet Fitness (PF) with a 30day free card that I had bought with Men’s Health.I was eighty% positive that my wife and I would change to PF(from Virgin).At PF I was instructed I even have to pay for an access card (R100).I was not ready to pay and so the guy helping” me said there was nothing he could do.I requested if perhaps I might get the R100 again if I return the cardboard on the finish.
To put faith in Planet Fitness’ continued retailer growth would suggest it is able to grow areas effectively above the industry average (6% unit progress in 2014 in line with IHRSA) while promoting an undifferentiated product in a extremely aggressive market.
More importantly, it doesn’t account for any reserves that shall be required each 4 to 7 years to buy new tools as required for the fitness heart underneath the franchise agreement, or every other refreshes or remodels that may be mandated as continuously as every four years.
The second and even perhaps more disgusting act isn’t canceling memberships… after the members request to cancel the membership. Needless to say, I lastly had a chance to speak with a corporate worker about my considerations but only after I had a chance meeting with this individual in the Planet Fitness Club. By distinction, Planet Fitness has loads of treadmills, ellipticals, and bikes for everybody.
These five industry stalwarts operate a combined 4700 locations while Planet Fitness expects to function 4000 alone. A health buddy or workout companion is an individual who may help inspire you along with your goals and get fit with. Of course, any membership to hitch a gymnasium, YMCA/YWCA or well being membership or health heart is expensive. I was satisfied that we where getting the planet fitnes National contracts we requested for and solely realize a number of days later that it wasn’t appropriate. I was by no means knowledgeable of the small print – that AFTER three years, I would go onto a monthly Planet Fitness membership fee. Consider that the typical value of a fitness center membership is $55.00 per thirty days and that roughly sixty seven% of individuals with gymnasium memberships never use them.