Data Verification Status: Verified Source — Incomplete Data

The FDD source for PLANET FITNESS® has been verified (government filing), but core financial figures were not extracted from this filing — investment range and unit counts are not available. The filing may use non-standard disclosure formats. Request the FDD directly from the franchisor for complete figures. Extracted from 2025 FDD filed with WI DFI (file #639418). Source: 639418-2025.pdf

Fitness & Wellness2025 FDDSourced 2026-04-02

PLANET FITNESS®

FDD data sourced from 2025 WI DFI filing (file #639418)

PLANET FITNESS® franchise — WI DFI FDD 2025.

Core Diligence46out of 100
Economics52/100
Confidence: 75
Grade: D

Key Metrics

Total Investment

Not disclosed

Avg Revenue (Item 19)

$1,277,129

Gross revenue, 2025 FDD

Royalty Rate

2025 FDD

Total Units

Not disclosed

Franchise Overview

Parent CompanyPlanet Fitness Franchising LLC
Year Founded
Franchising Since
HeadquartersWI
CategoryFitness & Wellness
FDD Year2025

Money: What You Pay, What You Make

Investment costs, ongoing fees, and disclosed revenue — FDD Items 5, 6, 7, and 19

Where Every Revenue Dollar Goes

Approximate allocation of each dollar of gross sales — from FDD Items 6, 8, and 19. Not a profit projection.

$1.00
Cost of Goods SoldFood, paper, packaging
28¢
Labor & PayrollCrew wages, benefits, payroll taxes
25¢
Rent to McDonald'sBase + percentage rent
14¢
Royalty— of gross sales
5¢
AdvertisingOPNAD + local cooperative
4¢
Other OperatingUtilities, insurance, supplies, repairs
24¢
In plain English: For every dollar of sales, roughly 28¢ goes to food costs, 25¢ to labor, 14¢ to rent, 5¢ to royalty, and 4¢ to advertising. What remains covers utilities, insurance, maintenance, and other operating expenses. This is beforedebt service, depreciation, and owner's compensation. These are estimates from FDD-disclosed cost ratios and industry norms — your actual results will vary.

Diligence Scores

Computed from government-filed FDD data. Each score is 0–100. Methodology is public and citation-backed.

Economics Rated

System Health

80/100

Based on Item 20 outlet trends

Franchisor Strength

35/100

Based on Item 21 financials + Items 3-4

Contract Burden

24/100

Based on Item 17 terms + Item 12 territory

Economics

52/100

Based on Item 19 + fee burden

Confidence

75/100

Data completeness + extraction quality

Composite Grade

D48/100

Economics + Diligence + Confidence

Scores are editorial calculations from cited government filings (2025 FDD). They are not investment advice. Missing economics data does not indicate poor economics — it means Item 19 revenue data is unavailable for scoring. See methodology for details.

Data Coverage

Gov-filed FDD · 2025

6/11

items populated

·
Investment RangeItems 5–7
Item 19 RevenueItem 19
Unit Count & ChurnItem 20
Franchisor FinancialsItem 21
Contract TermsItem 17
Territory ProtectionItem 12
Litigation ProfileItem 3
·
Supplier RestrictionsItem 8
·
Financing TermsItem 10
·
Training & SupportItem 11
~
YoY Filing DiffsMulti-year

Item 19 — Financial Performance Representation

Disclosed metric: Reported Revenue (Type Unspecified)— Profit not disclosed
Average Revenue (Type Unspecified)$1,277,129
Basisall units
Time PeriodAnnual
Note: Extracted from government-filed FDD (medium confidence)

Item 19 Data Quality

Before comparing this revenue figure to other brands, review these data-quality flags.

Revenue type unclear

The FDD does not clearly specify whether figures are gross sales, net sales, or a profit metric. This limits comparability.

Profit not disclosed

Item 19 reports revenue only. No expense breakdown is provided. Profit cannot be determined from this disclosure alone.

All units included

Revenue figure includes all reporting units — broadest, most conservative sample basis.

Sample size not specified

The FDD does not state how many units contributed to this figure.

Current data (2025)

Revenue figures are from 2025 — recent and relevant.

Medium extraction confidence

Revenue figure extracted with medium confidence. Cross-check with source FDD before relying on this number.

Fee Structure

Initial Franchise FeeNot disclosed
Total Investment RangeNot disclosed
Royalty
Marketing / Ad Fund

Operations: The Rules You Live By

Contract terms, territory, suppliers, training, and financing — FDD Items 8, 10, 11, 12, 17

Territory & Encroachment Risk — Item 12

1/10

Critical Encroachment Risk

NO exclusive territory — encroachment risk exists; franchisor reserves online/ecommerce sales.

✗ No

Exclusive Terr.

△ Yes

Online Reserved

geographic

territory type

Source: FDD Item 12 (Territory) · Encroachment risk score is editorial analysis based on disclosed terms

Contract Terms at a Glance

Key franchise agreement provisions — from FDD Item 17. These define your legal relationship.

None
Renewal Right
2yr
Non-Compete
15 mi radius
No
Exclusive Territory
No
Mandatory Arbitration
Portsmouth, New Hampshire
Dispute Venue
In plain English: There is no guaranteed right to renew — the franchisor decides whether to offer you another term. After leaving, you cannot operate a competing business for 2 years within 15 miles. You have no exclusive territory — the franchisor can place another location near you.

System Health: Is It Growing or Shrinking?

Unit openings, closures, transfers, and geographic spread — FDD Item 20

Unit Economics — Item 20 (Outlets & Franchisee Information)

Units Opened

+0

Units Closed

-0

Units Transferred

0

Net Growth+113 units
Turnover Rate0%

Outlet Churn Anatomy — Item 20

Exit-type breakdown for the 2025 FDD reporting period. Source: government-filed FDD.

growing System

System is expanding — net +113 units with 0% turnover. New unit openings outpace closures.

Opened

+0

Exited

-0

Net

+113

Franchisor Strength: Can They Support You?

Financial health, litigation history, and audited statements — FDD Items 3, 4, 21

Litigation Summary — Item 3

Active Lawsuits

4

Trend

Stable

Lawsuit Types

Franchisee vs. FranchisorRegulatory

Franchisor Financial Strength — Item 21

Extracted from audited financial statements filed with the FDD.

Auditor

ey

Peer Benchmarks

Ranked within fitness-wellness franchises at a under $150K investment tier. All data from government-filed FDDs.

PLANET FITNESS® ranks in the top 25% of peers for net unit growth

Avg Revenue (Item 19)fitness-wellness franchises with Item 19
$1,277,129Top 25%
Low79th percentile · 47 peersHigh
Net Unit Growthfitness-wellness franchises (under $150K investment)
113unitsTop 25%
Low83th percentile · 6 peersHigh

Percentile rank vs. comparable franchises in the same category and investment tier. For revenue and growth: higher percentile = better. For fees and investment: lower percentile = better (bar shows relative advantage).

Trends & Change Signals

Multi-factor trend detection across revenue, unit count, financials, and litigation.

Overall Trend: stable

No significant deterioration signals. Data is stable across tracked dimensions.

improvingItem 20

Unit Count (Current Period)

System expanding or stable

Net +113 units; turnover 0%

Buyer Prep: What to Watch For

Key risk areas, questions for existing franchisees, and community insights

Franchisee Interview Prep

Questions to ask current franchisees — generated from red flags, Item 20 exit data, and contract terms in the 2025 FDD. Prioritized: critical questions first.

importantcontractItem 17 — 2025 FDD

The agreement includes a 2-year, 15-mile post-termination non-compete. Ask franchisees: did you fully understand this when you signed — and do you feel it's fair?

Look for: Whether franchisees feel trapped. High non-compete terms reduce exit flexibility.

importantcontractItem 17 — 2025 FDD

Cure period is only 7 days. Ask: have you ever received a default notice? How did the franchisor handle it — were they reasonable?

Look for: A short cure period combined with aggressive enforcement is a serious risk. Look for franchisees who feel supported vs. managed by threat.

importantsupportItem 11 — training & support

How responsive is your franchisor rep — do they actually help when you have a problem, or are they just checking boxes?

Look for: Specific stories (not just vague positives). Ask about a time they needed help urgently — response time matters.

importantexitItem 17 — 2025 FDD

If you decided to sell your franchise tomorrow, how easy would that be? Has the franchisor ever blocked or delayed a transfer you wanted?

Look for: Transfer fee surprises, right-of-first-refusal complications, or franchisor demanding upgrades before approving a sale.

standardunit economicsItem 19 — 2025 FDD

What did your revenue look like in year 1 vs. year 2 vs. now? When did you reach breakeven?

Look for: Year 1 revenue is typically well below Item 19 averages (which often exclude ramp-up units). Expect 12-24 months to reach average.

standardsupportItem 11 — training & support

What did the training actually cover vs. what you needed on day 1? What do you wish you'd learned before opening?

Look for: Gap between training content and operational reality. New franchisees often report the training covered theory but not real-world situations.

standardexitItem 20 — franchisee contact list

Knowing everything you know now, would you sign this franchise agreement again? What would you negotiate differently?

Look for: This is the single highest-signal question. Listen for hesitation. Franchisees rarely criticize their decision publicly; even mild reservations are meaningful.

standardmanagementItem 11 — Training & Support

How responsive is corporate support when you have an operational problem? Can you give me an example of when you needed help and how they responded?

Look for: Same-day response vs. days-long wait. Whether field support visits are proactive or only reactive. Quality of the franchisee hotline.

Community

Not FDD data

Anonymous Owner Submissions

No owner submissions yet for PLANET FITNESS®. Be the first — your data helps future buyers.

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Buyer Memo

One-page printable summary: investment, revenue, flags, and questions to ask.

View Memo →

Full Diligence Memo

Item 19, system health, red flags, contract terms — cited to the filed FDD.

Full Analysis →

Lender Readiness Pack

SBA-ready summary: investment ranges, scenario economics, franchisor financials.

View Lender Pack →

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Data sourced from the 2025 FDD filed with a state franchise regulator (WI DFI/CARDS filing). Fields not extractable from the PDF are shown as not available. Last updated 2026-04-02.

Extracted from 2025 FDD filed with WI DFI (file #639418). Source: 639418-2025.pdf

Franchisel is independent and does not accept payments from franchisors. Scores reflect editorial analysis, not franchisor endorsement.

Important Notice:Franchisel provides franchise research and analysis for informational purposes only. This is not financial, legal, or investment advice. All financial data labeled “Estimated” is approximate and has not been verified against actual FDD filings. Data labeled “FDD Verified” or “State Filing” has been extracted directly from government-filed Franchise Disclosure Documents (MN CARDS, WI DFI, CA DFPI) but may not reflect the most recent filing. Unit counts, revenue figures, and other metrics change frequently. Always request and independently verify the current FDD from the franchisor before making any investment decision. Consult a qualified franchise attorney and accountant before investing. Franchisel is not affiliated with, endorsed by, or sponsored by any franchise system listed on this platform. Scores reflect our editorial analysis methodology and are not endorsed by any franchisor.