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:5/26/2017)... ... 2017 , ... After raising nearly $30,000 on Kickstarter , about three-times ... at a discounted crowdfunding price on Indiegogo . , “Along with creating an ... to bring a fidget toy to the market that was made of superior quality ...
(Date:5/26/2017)... ... May 26, 2017 , ... “When the Stars Lead Home”: a poignant ... of published author Laura Weigel Douglas, an avid reader who lives in the Pacific ... sometimes feels like Green Hills Adventure Camp. She couldn’t be more grateful. , Twelve-year ...
(Date:5/26/2017)... (PRWEB) , ... May 26, 2017 , ... Water damage ... Lee, New Jersey School District had left education officials with a number of critical ... replacement of the flooring had to be accomplished with little or no disruption to ...
(Date:5/24/2017)... ... 24, 2017 , ... NucleusHealth ™, advancing clinical practice ... Food and Drug Administration (FDA) 510(k) clearance for its Nucleus.io ... for medical image management. At the core is patented streaming technology that provides ...
(Date:5/24/2017)... ... May 24, 2017 , ... Myers Jackson is well ... the ability to sell luxury homes anywhere on the planet. The luxury home market ... from Hattiesburg to Houston city-scapes. A quick search of “11 Spyglass Hill Auction will ...
Breaking Medicine News(10 mins):
(Date:5/9/2017)... 9, 2017 Zimmer Biomet Holdings, Inc. (NYSE ... today announced it has earned a spot on ... The Company was ranked among 500 U.S. employers as ... Healthcare Equipment and Services. The annual ... anonymous, independent survey of over 30,000 employees across 25 ...
(Date:5/9/2017)... 2017  Semler Scientific, Inc. (OTCQB: SMLR), an ... improve the clinical effectiveness and efficiency of healthcare ... quarter ended March 31, 2017. ... to identify when preventive care options are appropriate, ... heart attacks or strokes occur," said Doug ...
(Date:5/6/2017)... , May 5, 2017   Provista , a proven ... than 200,000 customers, today announced Jim Cunniff as ... of executive and business experience to Provista, including most recently ... in California . He assumed his new ... is a great fit for Provista," says Jody Hatcher ...
Breaking Medicine Technology: