Who is the owner of Planet Fitness?
Chris Rondeau
Chris Rondeau Chief Executive Officer
Mr. Rondeau joined Planet Fitness in 1993, working the front desk at the very first location in Dover, NH, one year after the original founders, Michael and Marc Grondahl, started the Company in 1992. Today the brand has over 2,000 locations system-wide.
Does Chris Rondeau have kids?
Rondeau attended the University of New Hampshire in Durham, NH. He enjoys fishing, spending time with friends and vacationing in Florida with his wife and four children.
How does a Planet Fitness owner make money?
Strong business model
As franchisor, Planet Fitness primarily generates revenue through membership royalties, fees, and branded equipment sales.
How much did Planet Fitness sell for?
1, 2021. Planet Fitness said Tuesday it plans to acquire Sunshine Fitness, an operator of more than 100 Planet Fitness fitness clubs in the U.S., in a cash-and-stock deal valued at $800 million.
Do gyms make profit?
A well-run gym with a good mix of members can generate a lot of revenue. For example, a gym with 1,000 members paying $50 per month could generate $50,000 per month in revenue. If the gym has expenses of $20,000 per month, then it would have a profit of $30,000 per month.
Why is Planet Fitness purple and yellow?
The Planet Fitness color palette consists of four colors: black, purple, yellow, and white. The combination of black and purple creates a strong and confident feeling, while yellow adds energy and a progressive mood. The white of the nameplate is a symbol of unity and loyalty.
How much does Chris Rondeau make a year?
What is the salary of Christopher Rondeau? As the Chief Executive Officer and Director of Planet Fitness Inc, the total compensation of Christopher Rondeau at Planet Fitness Inc is $4,436,830.
How much is the CEO of Planet Fitness worth?
As expected of the CEO of one of America’s biggest gym franchises, Rondeau is sitting on a very handsome net worth. According to Wallmine.com, his current fortune is somewhere in the vicinity of $168 million.
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 much does the average Planet Fitness owner make?
How Much Do Planet Fitness Franchise Owners Make?
| FRANCHISED ONLY | ||
|---|---|---|
| BOTTOM THIRD | UPPER THIRD | |
| Average Annual EFT Revenue- | $1,022,241 | $2,210,892 |
| Median Annual EFT Revenue- | $1,050,049 | $2,098,704 |
| High Annual EFT Revenue- | $1,316,182 | $4,370,940 |
Is owning a gym a good investment?
Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. The general setup costs for a medium-sized gym is around $100,000. But your profits for the first financial year could be as little as $50,000.
What is the toughest thing about being a gym owner?
MANAGING PAYMENTS
This is one of the most common obstacles when running a fitness club because once your gym is operating, it’s difficult to keep track of everyone’s payments and membership types. This is why all gyms need someone to process their members’ payments for them.
What is lunk alarm at Planet Fitness?
The lunk alarm, a loud siren, is used by a national fitness chain to discourage unwanted behavior. Do you grunt when you lift or drop the weights? You could set off the alarm. The chain says it wants to discourage behaviors that would make average gym-goers feel unwelcome. There are fans on both sides.
How much is the owner of Planet Fitness worth?
5. He’s a multi-millionaire. As expected of the CEO of one of America’s biggest gym franchises, Rondeau is sitting on a very handsome net worth. According to Wallmine.com, his current fortune is somewhere in the vicinity of $168 million.
How much does the Planet Fitness CEO make?
As Chief Executive Officer at PLANET FITNESS INC, Christopher Rondeau made $9,272,049 in total compensation. Of this total $900,000 was received as a salary, $2,512,402 was received as a bonus, $3,119,155 was received in stock options, $2,690,656 was awarded as stock and $49,836 came from other types of compensation.
How many planet Fitnesses are there in the United States?
As of September 30, 2019, Planet Fitness had more than 14.1 million members and 1,899 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico.
How many employees does Planet Fitness have?
Planet Fitness total number of employees in 2021 was 1,774, a 27.9% increase from 2020. Planet Fitness total number of employees in 2020 was 1,387, a 5.26% decline from 2019. Planet Fitness total number of employees in 2019 was 1,464, a 12.44% increase from 2018.
What are the busiest times at Planet Fitness?
“While many locations are open and staffed 24 hours a day, five days a week, to meet our members’ needs no matter their schedules, peak times tend to be early in the week coming off the weekend and before and after work hours,” Becky Zirlen, director of public relations for Planet Fitness, told POPSUGAR.
Can Black Card guests go to Planet Fitness alone?
Individuals under 18 may not purchase a day pass even if accompanied by a parent or legal guardian. PF Black Card® members must be granted reciprocal use of all Amenities in all Planet Fitness locations.
What does the average gym owner make?
How Much Money Can Gym Owners Make? As of January 14, 2021, ZipRecruiter reports the normal yearly compensation for an Exercise Center Proprietor in the U.S. is $65,685 per year. This breaks down to $1,263/week or $5,474/month. ZipRecruiter also indicates yearly salaries to be as high as $224,500 and as low as $15,500.
What is the biggest problem in the fitness industry?
#1 problem in the fitness industry is that people are not sufficiently motivated to workout, so overall enrollment in fitness programs remains low, and obesity levels remain high. Gyms and health clubs have not figured out yet how to make working out fun.
Do gyms make a lot of money?
Can you wear just a sports bra at Planet Fitness?
Members may exercise in a wide variety of attire. Crop tops, sports bras, bralettes, short shorts, long pants, collared shirts are all welcome!
Why does Planet Fitness have no free weights?
The major reason Planet Fitness does not offer these heavier free weights is likely about insurance and liability. The chance of a person getting hurt using a Smith machine is considerably lower than that of a person trying to bench press 300 pounds.
Who is Chris Rondeau?
Chris Rondeau has served as the Chief Executive Officer of Planet Fitness since January 2013. Prior to that he served as the Chief Operating Officer since 2003.