🠈 Planet Fitness 🠊
Planet Fitness
Planet Fitness is a rapidly expanding chain of fitness center with over 500 clubs in 31 states. Founded in 1992 by Michael Grondahl, the centers aim at providing services at a lower cost than other popular national fitness chains. Planet Fitness began offering franchises in 2003. They had over 1,800 locations in September 2019. They trade on the NYSE with the symbol PLNT.
The company is headquartered in Dover, New Hampshire. Wikipedia reports that the centers have a controversial ban on excessive grunting (a plus in my book).
In the video below, Company Man analyzes Planet Fitness.
Corporate History
This section lists corporate transactions that I encounter during my research.
- 1992: Michael and Marc Grondahl bought a bankrupt Gold's Gym in Dover, New Hampshire. It failed.
- 1993: They started a new gym called Planet Fitness.
- 2003: They began selling franchises.
- 2013: TSG Consumer Partners became an equity partner.
- 2015: Planet Fitness held an IPO at $16 per share. Its market capitalization was $1.58 billion.
References:
- Reuters - Planet Fitness IPO (Drawn 9/17/2019)
Directory Listings:
- Mohave County - Recreation: Planet Fitness
- Phoenix Color - Fitness: Planet Fitness
- Pima County - Fitness: Planet Fitness
- Yavapai County - Recreation: Planet Fitness
- Yuma County - Recreation: Planet Fitness
- Boulder Color - Fitness: Planet Fitness
- Colorado Springs Color - Fitness: Planet Fitness
- Denver Color - Fitness: Planet Fitness
- Fort Collins Color - Fitness: Planet Fitness
- Grand Junction - Fitness: Planet Fitness
- Pueblo Color - Recreation: Planet Fitness
- Davis County - Fitness: Planet Fitness
- Logan Utah - Fitness: Planet Fitness
- Ogden, Utah - Fitness: Planet Fitness
- Provo Utah - Fitness: Planet Fitness
- Saint George - Fitness: Planet Fitness
- Salt Lake Sites - Fitness: Planet Fitness
- Cheyenne, Wyoming. US - Fitness: Planet Fitness
- Laramie, Wyoming - Recreation: Planet Fitness