Navigation Links
N.H.-Based Health Club Operator Sets The Industry's Pace
Date:8/25/2008

Planet Fitness tops competition on Inc. 5000 list

'Judgment Free Zone' rakes in revenue and new members

DOVER, N.H., Aug. 25 /PRNewswire/ -- Planet Fitness, the health club chain known for its "Judgment Free" atmosphere and friendly prices, earned the top spot among all fitness companies on Inc. magazine's 2008 list of the 5,000 fastest-growing private businesses in the United States.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080825/NEM084LOGO )

The Inc. 5,000 list ranks companies according to revenue growth in the four previous years. From 2004 to 2007, Planet Fitness's revenues leaped from $8.4 million to $48.5 million - an increase of 472 percent, good for the 732nd spot on the magazine's list.

With 230 clubs in 29 states and more than 1.1 million members, Planet Fitness is the country's premier low-cost/high-value gym operator. As recently as 2003, the company consisted of a handful of clubs in its home state of New Hampshire. But when Planet Fitness began franchising in 2003, it triggered a rapid national expansion.

The company's business model is vastly different than that of other health clubs. Memberships prices are extremely low - $10-$19.99 a month. In addition, Planet Fitness clubs have no salespeople and no bodybuilders. They don't offer childcare or group-exercise classes, and there are no pools and spas - just stylish facilities outfitted with a huge selection of top-notch cardio and strength machines. The company's core customers tend to be first-time and occasional gym users drawn to our Judgment Free Zone(R) philosophy, which allows members to lose weight and get fit without the intimidating atmosphere common in so many gyms.

The Planet Fitness model began to take shape in 1992, when company founder Mike Grondahl acquired a financially struggling gym in Dover, N.H., and dramatically reduced prices to try to compete against better-financed and better-known brands. Membership rolls immediately swelled, and Grondahl and his two partners - his brother, Marc, and Chris Rondeau - spent several years refining the Planet Fitness business model. Today a number of Planet Fitness clubs have as many as 10,000 members, and no other health club operator competes in the same niche or offers a comparable value.


'/>"/>
SOURCE Planet Fitness
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. HMS Holdings Corp. to Present at Thomas Weisel Partners 2008 Healthcare Conference
2. iCAD to Present at Thomas Weisel Partners Healthcare Conference
3. Younger Adults in Illinois Aided by Expansion of Health Care Coverage
4. Disease Management Journal Changes Name and Expands Focus to Population Health Management
5. iCan Benefit Group, LLC Announces: Major Medical Division Now Offers Avalon Healthcare Products
6. AltaMed Opens First-of-its-Kind Health Care Center in the Nation
7. Part of the in-group? A surprising new strategy helps reduce unhealthy behaviors
8. Healthy people and enhancement drugs
9. Message to Birmingham Residents: Forgo Fad Dieting and Join the Campaign for Healthy Weight
10. RNC Statement Obama and Health Care
11. Corbett Accel Healthcare Group Announces Promotion of Geoff Melick to Executive Vice President, Interactive Marketing & eInnovation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... ... ... More than a third of American adults are considered obese, says the ... increased attention in recent years, as an article published May 18th on ... people are familiar with the basic requirements of maintaining a healthy diet and exercise ...
(Date:5/27/2016)... ... 27, 2016 , ... W.S. Badger Co. Inc ., the maker of ... recognized as one of the best small businesses for new dads by Fatherly, the ... small businesses providing progressive benefits to new parents on the organization’s 2016 Best ...
(Date:5/27/2016)... NY (PRWEB) , ... May 27, 2016 , ... This ... of a stroke, which we as a society can control and change. , As ... occurs nearly every 40 seconds within the United States. Plus, with an estimated 129,000 ...
(Date:5/27/2016)... ... 27, 2016 , ... Beleza Medspa has initiated a new program ... is the first time that Coolsculpting is being used for for more than just ... ensure they meet the prescribed body-fat standard, measured by the circumference-based tape method. ...
(Date:5/27/2016)... , ... May 27, 2016 , ... ... scholarships to students studying complementary medicine. Allison Outerbridge is this year’s Life ... award on May 18 at the university’s Student Leadership Awards ceremony. , Outerbridge ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... und GERMANTOWN, Maryland , May ... mit Therawis bedient dringenden ... QIAGEN N.V. (NASDAQ: QGEN ... eine Lizenz- und Entwicklungsvereinbarung mit Therawis Diagnostics GmbH ... Onkologie eingegangen zu sein. Ein erstes Projekt wird ...
(Date:5/25/2016)... SPRINGS, Florida , May 25, 2016 ... Business Conference & Expo earlier this month, the numbers ... As revenues continue to climb into the billions, more ... the newly released 4th Edition State of Legal Marijuana ... Frontier, a cannabis-focused data-analysis firm, much of the increase ...
(Date:5/25/2016)... PUNE, India , May 25, 2016 /PRNewswire/ ... Pipeline Review, H1 2016"market research report that provides ... complete with comparative analysis at various stages, therapeutics ... route of administration (RoA) and molecule type, along ... releases. It also reviews key players involved in ...
Breaking Medicine Technology: