who owns planet fitness

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founder Chris Rondeau

How do gyms like Planet Fitness make any money?

Jan 01, 2021 · In 2002, Michael Grondahl bought the Planet Fitness trademark from Rick Berks. The company is majority-owned by private-equity firm TSG Consumer Partners which became …

Who is the owner of Planet Fitness?

Jan 19, 2022 · Is Crunch the owner of Planet Fitness? Jorge Roldan, cEO of Team Roldan, lLC, signed the deal. Roldan is a fitness franchising guru who most recently established, owned, …

Who founded Planet Fitness?

Jun 03, 2018 · Planet Fitness was started in Dover, New Hampshire, by Michael and Marc Grondahl who bought a failing Gold’s Gym in 1992. There was little to distinguish it from its …

How much is Planet Fitness worth?

Posted: (11 days ago) In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold’s Gym franchise in Dover, New Hampshire. They eventually closed that original …

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Image Credit: Planet Fitness CEO on gyms reopening and virtual workouts …

Who owns the most Planet Fitness?

Planet Fitness Inc (NYSE:PLNT)

Institutional investors purchased a net $1.1 million shares of PLNT during the quarter ended June 2019 and now own 103.42% of the total shares outstanding.

Who sold 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.

How many Planet Fitness locations are corporate owned?

After the purchase, Planet Fitness will own more than 200 corporate stores, or approximately 10 percent of its total system, which will allow the company to retain its asset-light business model, Rondeau said.

Who is CEO of Planet Fitness?

Is Planet Fitness being bought out?

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.

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.

How do 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.Aug 24, 2021

Who founded Planet Fitness?

Planet Fitness/Founders

What is Planet Fitness net worth?

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Planet Fitness net worth as of April 29, 2022 is $7.28B. Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries.

Is Planet Fitness a corporation?

Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire.

Planet Fitness.
A Planet Fitness location in Cincinnati, Ohio
Type Public company
Traded as NYSE: PLNT (Class A) Russell 1000 component
Industry Fitness
Founded 1992

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What company owns Gold’s Gym?

RSG Group GmbH
RSG Group GmbH, Berlin, Germany, finalized its $100 million purchase of Gold’s Gym International, Dallas, on Aug. 24. The next day, which was the 55th anniversary of the company’s founding, RSG Group let go Gold’s Gym President and CEO Adam Zeitsiff and more than 40 other executives and team members.

Who is Victor Brick?

Victor Brick has 35 years of success in the fitness industry and is CEO of Planet Fitness Growth Partners (PFGP), the largest privately owned Planet Fitness franchise with 80+ clubs in the US and Australia. He’s chairman of the John W. Brick Mental Health Foundation and a Global Wellness Summit Advisory Board member.Mar 24, 2021
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Planet Fitness Franchisee ECP-PF Holdings Acquires 9 More ..

Posted: (6 days ago) Sep 12, 2019 · Connecticut-based ECP-PF Holdings Group Inc., founded in 2012, owns more than 100 Planet Fitness clubs across multiple states, including 28 in Connecticut.

National Fitness Partners Acquires 12 Clubs from Planet ..

Posted: (9 days ago) HARRISBURG, PA, CHARLOTTE, NC & ATLANTA, GA – May 17, 2017 – Argonne Capital Group, LLC (“Argonne Capital” or “Argonne”) today announced that its portfolio company, National Fitness Partners (“NFP” or the “Company”), has acquired 12 Planet Fitness clubs operating in the Charlotte, NC metro area from GNT Holdings, LLC (“GNT”).

Planet Fitness – Wikipedia

Posted: (8 days ago) Michael Grondahl bought the Planet Fitness trademark from Rick Berks in 2002. Rick Berks had started his own Planet Fitness gym in 1993 in Sunrise, Florida, and eventually expanded it to three clubs. A former Broward Sheriff’s Office detective, he owned and operated a Gold’s Gym franchise.

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Image Credit: Rob Sims Photography | Celebrity Fitness Photographer

Planet Fitness Franchisee National Fitness Partners Grows ..

Posted: (7 days ago) Jan 22, 2021 · National Fitness Partners recently acquired 16 Planet Fitness clubs in Ohio and Pennsylvania.

Planet Fitness Franchise Owners Contact List ..

Posted: (8 days ago) Jun 26, 2015 · We offer the most complete and most accurate mailing/telemarketing list for Planet Fitness franchise owners. Annually Updated with New Owners of Planet Fitness Locations in the USA. Accuracy of all Franchise Complaints Contact Data is Verified …

Who owns Planet Fitness? Here’s why socially-distanced ..

Posted: (7 days ago) Jan 01, 2021 · Who owns Planet Fitness? Michael and Marc Grondahl acquired a struggling Gold’s Gym franchise in Dover, New Hampshire, in 1992 and founded Planet Fitness in 1994 after current CEO Chris Rondeau joined as the third partner. In 2002, Michael Grondahl bought the Planet Fitness trademark from Rick Berks.

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Planet Fitness Inc. – Investors – Corporate Governance ..

Posted: (7 days ago) Under Rondeau’s leadership, Planet Fitness has experienced tremendous growth and has been recognized for many accolades including, Entrepreneur Franchise 500 – Fastest Growing Franchise List, Franchise Times’ Top 200, Forbes’ America’s Best Franchises, Newsweek Best Customer Service, and Best Places to Work in New Hampshire.

Who is Justin Vartanian?

Justin Vartanian serves as our General Counsel and has been with the company since March of 2014. Mr. Vartanian played a critical role in the Company’s initial public offering in August of 2015 and has since overseen all public company, corporate governance and franchising matters as a key member of the company’s leadership team. Prior to joining Planet Fitness, Mr. Vartanian was a corporate attorney at Devine Millimet. He also currently serves on the Board of Directors of the NH/VT/ME Region of the American Red Cross and the Business & Industry Association of New Hampshire.

Who is Kathy Gentilozzi?

Kathy Gentilozzi joined Planet Fitness in 2019 as the Company’s Chief People Officer. In this role, she oversees general HR operations, talent acquisition, leadership development, business partner support, culture and employee engagement, benefits and compensation. Ms. Gentilozzi has more than 30 years of Human Resources leadership experience at national retail brands, most recently serving as Executive Vice President of Human Resources at FULLBEAUTY Brands where she led all HR initiatives to support 2,000 associates. Prior to that, Ms. Gentilozzi served as Senior Vice President of Human Resources at Aéropostale, supporting over 25,000 employees in 1,000 retail locations throughout the U.S., Canada, and Puerto Rico. She also served as Senior Vice President of Human Resources at Macy’s Inc., and has held various leadership positions at The May Department Store Company, including corporate and division roles. Ms. Gentilozzi is a certified Senior Professional in Human Resources (SPHR). She received her Bachelor’s degree from Eastern Connecticut State University.

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Who is Dorvin Lively?

Dorvin Lively joined Planet Fitness in July 2013 and currently serves as our President, previously serving as our Chief Financial Officer and President. Mr. Lively, a 30-year veteran of corporate finance for various retail and consumer-products companies, leads our finance, treasury, financial planning and supply chain functions, and oversees strategic and long-term planning. Prior to joining Planet Fitness, from August 2011 to July 2013, Mr. Lively served as Executive Vice President, Chief Financial Officer, interim Chief Executive Officer and Chief Administrative Officer for RadioShack Corporation. In these positions, Mr. Lively led the company’s finance, treasury, financial planning, investor relations, supply chain, and dealer franchise functions. Prior to RadioShack, Mr. Lively served as Chief Financial Officer at Ace Hardware Corp. His experience also includes previous positions at Maidenform Brands, Toys R Us, The Reader’s Digest Association, and Pepsi-Cola International. Mr. Lively is a Certified Public Accountant (Inactive) and received his Bachelor’s Degree from the University of Arkansas.

Who is Tom Fitzgerald?

Tom Fitzgerald joined Planet Fitness in 2020 as the Company’s Chief Financial Officer. In this role, he is responsible for all aspects of financial strategy and management. Mr. Fitzgerald has over 30 years of leadership experience in financial management in the retail industry, most recently serving as Chief Financial Officer and Senior Vice President at Potbelly Sandwich Works. Prior to Potbelly, he served in varying executive roles at Charming Charlie Inc. including President and Chief Financial Officer, and Chief Administrative Officer. Previously, Mr. Fitzgerald served as Chief Administrative Officer of Sears Canada. Additionally, he held several leadership positions at Liz Claiborne, was Chief Financial Officer at Burlington Coat Factory, and served as Chief Operating Officer of Bath & Body Works. Mr. Fitzgerald began his career at PepsiCo, where he held various leadership roles in finance and planning. Mr. Fitzgerald holds an MBA in Finance from Indiana University Kelley School of Business and received his Bachelor’s degree in Finance from the University of Florida.

Who is Ray Miolla?

With more than 20 years of experience in real estate and development, Mr. Miolla most recently served as Senior Vice President, Global Real Estate, Store Development and Franchise Services at Gap, Inc., responsible for all brands including Gap, Banana Republic, Old Navy, Athleta and outlet stores. While at Gap, Inc., he opened more than 150 new stores annually worldwide and grew the franchise business to more than 400 locations in over 40 countries. He previously served as Vice President, Real Estate, Franchise and Business Development for Jamba Juice and also spent nearly a decade with Burger King, eventually overseeing more than 1,700 franchise locations and staff in all major operating areas. Mr. Miolla received his Bachelor’s degree from Middlebury College and his J.D. from Boston University School of Law.

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Who is Sherrill Kaplan?

Sherrill Kaplan joined Planet Fitness in June 2021 as Chief Digital Officer. In this role, she is responsible for driving our digital vision and strategy, including leading the continuous enhancement of our mobile app, with a focus on consumer engagement, loyalty and a differentiated omni-channel experience to accelerate Planet Fitness’ growth and success. Ms. Kaplan has over 20 years of experience, most recently serving as Global Marketing Operations Advisor for Advent International, a global private equity firm. Previously, she served as Head of Marketing and Sales for Zipcar, the world’s leading car-sharing network, where she was a key member of the executive leadership team responsible for demand and revenue generation and all marketing functions. Prior to that, she served as the Vice President of Digital Marketing & Innovation at Dunkin’ Brands where she was responsible for developing and marketing Dunkin’s digital platforms, including the DD Mobile app and the DD Perks loyalty program. Earlier in her career, Ms. Kaplan held several digital and marketing leadership roles at global brands including American Express and Citi, Inc. She serves as an independent member of the Fiesta Restaurant Group Board of Directors, as well as the Massachusetts Innovation & Technology Exchange (MITX). Ms. Kaplan holds a B.S. from Boston University and an M.B.A. from the University of Denver, Daniels College of Business.

Who is McCall Gosselin?

McCall Gosselin joined Planet Fitness in January 2013 and currently serves as SVP of Communications and Corporate Social Responsibility. In this role, she is responsible for all aspects of the company’s internal and external communications, including public relations, crisis management, executive communications, philanthropy, community relations and sustainability. Prior to Planet Fitness, Ms. Gosselin worked at Dunkin’ Brands on the global public relations team. Prior to Dunkin’, she worked at various communications agencies in both Boston and Washington, DC on behalf of various leading retail brands. Ms. Gosselin was named a Top Woman in PR by PR News in 2020. She received her Bachelor’s degree in Public Communications from American University in Washington, DC, and currently serves on the Board of Directors for the Boys & Girls Clubs of Manchester, NH.

Overview

History

In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold’s Gym franchise in Dover, New Hampshire. They eventually closed that original location, and brought on a third partner, current CEO Chris Rondeau. In 2002, they purchased the rights to the name Planet Fitness from Rick Berks and renamed their franchise.
Berks had started his own Planet Fitness gym in 1993 in Sunrise, Florida, and eventually expande…

Franchises

Planet Fitness started franchising units in 2003. According to Franchise Direct, the initial franchise fee is $20,000, while the area development fee is $10,000. The royalty fee for a Planet Fitness is 7% of the total gross monthly and annual membership fees.
The net worth requirement for a Planet Fitness franchise is $3,000,000, while the liquid cash requirement is $1,500,000.

Statistics and international expansion

The company reports that as of 2019, there are 80 corporate-owned gyms, the rest independently owned and operated.
The club’s two membership levels are $10 and $22.99 per month: the $10 per month level includes access to cardio and strength equipment, unlimited group fitness instruction and pizza and bagels once a month; the $22.99 per month (“Black Card”) level allows members to bring on…

Sponsorships

In October 2011, Planet Fitness reached an agreement with NBC to sponsor the network’s reality show, The Biggest Loser beginning with the 2012 season. The contestants on the show worked out on Planet Fitness equipment and then at Planet Fitness gyms near their homes, working with Planet Fitness instructors.
In March 2013, Planet Fitness partnered with 50 Cent to sell his energy drink “Street King”.

External links

• Official website
• Twitter

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