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:6/27/2016)... ... ... TherapySites, the leading website and online marketing ... Association. This new relationship allows TherapySites to continue to extend their online ... and promotional offers. , "TCA is extremely excited about this new partnership, as ...
(Date:6/26/2016)... ... ... Quality metrics are proliferating in cancer care, and are derived from many ... the beholder, according to experts who offered insights and commentary in the current issue ... the full issue, click here . , For the American Society of Clinical ...
(Date:6/26/2016)... ... ... blind and certified personal trainer is helping to develop a weight loss fitness plan that ... the two major problems leading the fitness industry today:, , All ... They don’t eliminate all the reasons people quit their exercise program , ...
(Date:6/25/2016)... , ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on ... Observer , brings up a new, often overlooked aspect of head lice: the parasite’s ability ... fumigation is not a common occurrence, but a necessary one in the event that lice ...
(Date:6/25/2016)... Oklahoma City, Oklahoma (PRWEB) , ... June 25, ... ... to helping both athletes and non-athletes recover from injury. Recently, he has implemented ... for the Oklahoma City area —Johnson is one of the first doctors to ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... 2016 Jazz Pharmaceuticals plc (Nasdaq: ... Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), ... Inc. ("Celator"; Nasdaq: CPXX ) expired effective ... As previously announced on May 31, 2016, ... agreement under which Jazz Pharmaceuticals has commenced a tender ...
(Date:6/24/2016)... June 24, 2016  Consumers have taken a ... have placed more emphasis on patient outcomes. ... programs in the pharmaceutical industry have evolved beyond ... pharmaceutical companies are focusing on becoming more patient-oriented ... products and services that improve health. ...
(Date:6/24/2016)... , June 24, 2016   Bay Area ... Network,s Dean Center for Tick Borne Illness ... and Rehabilitation, MIT Hacking Medicine, University of California, ... today announced the five finalists of Lyme ... disease.  More than 100 scientists, clinicians, researchers, entrepreneurs, ...
Breaking Medicine Technology: