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Planet Fitness also makes money byselling branded equipment purchased from third-part manufactures to new and existing U.S franchise store owners. In fact, $83.3 million or 20.48% of Planet Fitness鈥?total revenue came from equipment sales in 2020.
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Is planet Fitness’recipe for success working?
As America’s retail and mall real estate reinvents itself, Planet Fitness is rapidly opening its fitness centers in former big-box stores, securing attractive locations (at attractive rates) in large and small markets. Planet Fitness’ recipe for success is working.
How much does it cost to join Planet Fitness?
When you join Planet Fitness, you can pay a flat fee of $10 a month and have access to all of the weight training and cardio equipment in the gym on a daily basis.
Who owns Planet Fitness?
CEO Michael Grondahl co-founded Planet Fitness in 1992, branding it as the antifitness fitness club, with cheap memberships and a judgment-free environment for anyone interested in getting off the couch. The decision has paid off.
Is planet Fitness’Black Card membership profitable?
And the company offers a popular and profitable Black Card upsell ($21.99/month) with perks like all-club access, guest privileges, hydromassage, and tanning. Planet Fitness’ low-cost subscription memberships deliver steady recurring revenue. Once members are plugged in, they are unlikely to cancel.