Navigation Links
Planet Fitness Soars to Inc. 500
Date:8/17/2009

NEWINGTON, N.H. Aug. 17 /PRNewswire/ -- Planet Fitness, the health club company whose low prices and hassle-free atmosphere have struck a chord with consumers, is being honored in the September issue of Inc. magazine as one of the fastest-growing private companies in America.

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

Planet Fitness finished number 471 on the lnc. 500, which ranks the nation's top private businesses based on revenue growth between 2005 and 2008. In that period, Planet Fitness' revenues grew from $15.2 million to $99.4 million -- an increase of 551 percent.

"It's been a perfect storm for Planet Fitness," said chief executive officer Michael Grondahl. "Consumers today are looking for ways to save money, and we're the low-price leader. We've changed the paradigm in the health club industry."

Planet Fitness, which has 280 locations in 31 states, has achieved its growth by defying conventional wisdom -- and by perfecting a high-value/low-cost model that focuses on the needs of occasional or first-time health club members rather than hard-core fitness fanatics.

Prices at Planet Fitness are extremely low -- just $10 to $19.99 a month. Besides the unbeatable value, Planet Fitness stands apart from other health clubs by providing a relaxed atmosphere. This includes a low tolerance for bodybuilders -- a Lunk Alarm discourages boorish behavior -- and a commitment to helping people of various fitness levels.

In the United States, nearly 2 million Planet Fitness members have embraced the company's Judgment Free Zone(R) philosophy.

Planet Fitness began to take shape in 1992, when Grondahl and his brother Marc 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 sales took off. Chris Rondeau soon joined the business, and the trio spent several years refining a business model geared toward the 85 percent of the population that doesn't typically join health clubs.

Planet Fitness consisted of just four locations in New Hampshire when it began franchising in 2003. That triggered a rapid national expansion, and today no other gym operator competes in the same niche or offers a comparable value.


'/>"/>
SOURCE Planet Fitness
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Planet Technologies Announces Agreement to Acquire Antigen Laboratories
2. Healthy planet, places and people at risk
3. Venture Health Group Selects Planet DDS Web-based Practice Management Software
4. Planet Technologies Announces Completion of Antigen Laboratories Acquisition
5. Companys Award-Winning Sound Enhancement Technology Proven to Provide Superior Performance Over Other Technologies; Patent Will Enhance Able Planet, LINX AUDIO Brands
6. Animal Planet Pet Video to Provide 2 Million Free Training DVDs to New Pet Parents of Adopted Shelter Dogs and Cats
7. Emeril Lagasse and Planet Green Partner with Whole Foods Market(R) on Innovative New Series
8. Whole Planet Foundation(TM) (a Whole Foods Market Foundation) and Nobel Peace Prize Winner Dr. Muhammad Yunus Partner With Natural Foods Vendors, Pledging Over $1 Million to Help Combat Poverty
9. State of the Planet Conference
10. Healthy People: Healthy Planet - Climate Change in LA
11. Healthcare Leaders Focus on Patient-Centered Care at Annual Planetree Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/7/2016)... ... February 07, 2016 , ... ... empowers employers and organizations with the tools and information to lower the costs, ... to cut the cost of providing employee healthcare benefits by as much as ...
(Date:2/6/2016)... ... February 06, 2016 , ... US Sports Camps is proud to sponsor ... event brings together top non-profit leaders, ultimate organizations, and coaches from around the US. ... Bay Area Disc Program Director of Youth and Education, describes this year YUCC as ...
(Date:2/6/2016)... Pekin, IL (PRWEB) , ... February 06, 2016 ... ... the recovery phases of eating disorder treatment helps to reduce the frequency and ... “Tasks of the Recovery Phase: Re-Establishing Healthy Identity and Purpose,” will explore the ...
(Date:2/5/2016)... ... February 05, 2016 , ... VeloReality ... lighter, sleeker next generation LYNX VR Indoor Trainer with multi-rider capability to an ... and manufacturing not only reduce the weight of the unit, they also enhance ...
(Date:2/5/2016)... ... 2016 , ... The event is being held on April 7, 2016 from ... Triumph Over Parkinson’s will fund nearly $100,000 for research for the care and cure ... disease and is the architect of this informative event to raise awareness and funds ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... 2016 Aethlon Medical, Inc. (Nasdaq: AEMD ), ... will be presenting at Source Capital Group,s 2016 Disruptive Growth ... at 2:15 p.m. ET on Wednesday, February 10, 2016.  ... taking place at 3:15 p.m. ET. http://www.aethlonmedical.com .  ... after the conclusion of the live event. The panel discussion ...
(Date:2/5/2016)... , February 5, 2016 ... market research report "Fetal (Labor & Delivery) and Neonatal ... Warmer, Incubator, Pulse Oximeter, Phototherapy/Jaundice Management Devices, CPAP, Capnograph, ... MarketsandMarkets, This report studies the global market over the ... estimated at USD 6.28 Billion in 2015 and is ...
(Date:2/4/2016)... Feb. 4, 2016 For hospitals considering enrollment ... already participating in the program, the Health Resources and ... as the , Mega-Guidance , could have significant impact ... published in September 2016. Essential Insights , ... Marketing , summarizes the Mega-Guidance,s key proposed changes, including ...
Breaking Medicine Technology: