Who bought Planet Fitness?

The private equity owners of United PF Partners, the largest Planet Fitness franchisee conglomerate, have sold the group to American Securities, another New York-based private equity firm, for an undisclosed sum, the companies announced in a Jan. 6 media release.

Who owns the most Planet Fitness?

United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. With this purchase, which was for an undisclosed amount, United PF's club count has grown to 108 clubs across 10 states.

Is Planet Fitness making money?

Planet Fitness is highly profitable. The company makes over 100 million dollars in 2019 and 2020. In 2020 income dropped compared to 2019, this was most likely due to the Covid-19 pandemic that was especially harsh on the fitness industry.

Is Planet Fitness a big Company?

As of June 30, 2019, Planet Fitness had more than 14.0 million members and 1,859 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico.

What is the biggest gym chain in America?

24 Hour Fitness – We've got to give a nod to the one of the biggest of them all. 24 Hour Fitness is the largest privately held fitness chain. Its 400+ clubs can be found in 17 states (as well as Asia as “California Fitness” clubs).

5 reasons to AVOID PLANET FITNESS

What is Chris Rondeau net worth?

The estimated Net Worth of Christopher Rondeau is at least $253 Million dollars as of 12 March 2020.

Can you buy a Planet Fitness franchise?

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.

Why is Planet Fitness so successful?

"Planet Fitness is exceptionally competitive because of its national footprint and growing awareness of its different approach to the market aimed at non-gymgoers," Cowen & Co. analyst Oliver Chen told IBD.

How much money is Planet Fitness worth?

Planet Fitness net worth as of June 17, 2022 is $5.92B. Planet Fitness is one of the leading franchisors and operators of fitness centers in the United States. Planet Fitness reports its financial numbers under three segments: Franchise, Corporate-Owned Stores, and Equipment.

Who are the largest Planet Fitness franchisees?

United PF Partners is the largest Planet Fitness franchise group with 110+ locations across Alabama, Arizona, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Texas, and West Virginia. United PF has development rights to build new clubs across the Midwest, South, Mid-Atlantic, and Southwest regions.

How does Planet Fitness 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 many franchises does Planet Fitness have?

2,200+ locations open (and we're just getting started!) Across 50 states and in Canada, Latin America, and Australia.

Who Owns Crunch gym?

On July 1, 2019, it was announced that private-equity firm TPG was acquiring Crunch Fitness through its growth-equity unit. Crunch is led by Worldwide CEO Jim Rowley. Keith Worts is CEO of the company's owned and operated clubs, including the Crunch Signature brand, and Ben Midgley is CEO of Crunch Franchise.

Is Planet Fitness publicly traded?

As Planet Fitness stock's slide continued in early March, CEO Chris Rondeau began making the first open-market purchases of stock since the company went public in 2015.

Is Planet Fitness financially stable?

Of the 500 franchises recognized, Planet Fitness ranked #7 overall and ranked #1 in the fitness category for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

Who is Planet Fitness competitors?

Planet Fitness competitors include Rite Aid, ClassPass, LA Fitness, Mountainside Fitness and ANYTIME.

What is Planet Fitness target market?

The target market of Planet Fitness is “the occasional or first-time gym user,” not the “fitness enthusiast.” Planet Fitness has a unique message: Planet Fitness has a very unique message, that is different from what you see in other gyms.

How much does it cost to own a planet?

The price to own land on any planet or moon usually runs for somewhere between $24 to $500. Since there seems to be no law allowing the purchase of WASP-127b, it's impossible to estimate how much the exoplanet would cost.

Is owning a gym franchise profitable?

Yes, fitness franchises offer great profits but not as much as you might think. According to Investopedia, most franchise owners take home around $50,000 per year, but about 7% of franchise owners earn more than $250,000 per year.

What does Matthew Rondeau do for a living?

Matthew Rondeau (born 18 June 1992, Age: 29 years) is a famous American model, actor, social media influencer, professional chef, and poker player from Johnston, Rhode Island, United States of America. Matthew is known for his best modeling skills and performances in the entertainment industry.

Who is the COO of Planet Fitness?

Chris Cavolo serves as the Principal, COO of Planet Fitness. Jim Esposito serves as the Senior Vice President of Planet Fitness.