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About
Planet Fitness, Inc. operates and franchises fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores and Equipment. The Franchise segment includes operations related to the company's franchising business in the U. S., Puerto Rico, and Canada. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U. S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH. | |||
Description
Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages sells fitness equipment to franchisee-owned stores. As of December 31, 2016, the company had 1,313 owned and franchised locations in 48 states, the District of Columbia, Puerto Rico, the Dominican Republic, and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Newington, New Hampshire. |