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Jun 6, 2011 · June 6, 2011. NH Business Review Staff. While fast becoming a national brand name today, when Michael and Marc Grondahl opened their first Planet Fitness location in Dover in 1992, Michael had what he called "an unfathomable" dream of perhaps growing to 100 franchises. The goal was still far away by 2003 when there were only four Planet Fitness ...
In 1992, Planet Fitness founders Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. [6] They eventually closed that original location, opened a gym called Coastal Fitness and brought on a third partner, former CEO Chris Rondeau.
Oct 24, 2017 · Rondeau joined Planet Fitness working at the front desk of a gym in 1993, a year after the company was founded. Working with its founders, Michael and Marc Grondahl, Rondeau helped build the ...
- Planet Fitness’s Origin
- Corporate Owned Planet Fitness
- Independently Owned Planet Fitness Franchises
- Wrapping Up
Planet Fitness was founded by brothers Michael and Marc Grondahl in 1992. They opened the first location in Dover, New Hampshire. However, Planet Fitness wasn’t always the Planet Fitness you know and love today. In 1993 they took on college student Chris Rondeau, who worked at the front desk. However, he later took on a much more important role. In...
The team has expanded since the original group that franchised back in 2003. The Grondahls have stepped away from working at the franchise, but Chris Rondeau took over as CEO of Planet Fitness (PFIP LLC) in 2013. Chris Rondeau is currently, as of this writing, the CEO of Planet Fitness. There are now over 2,000 locations open now across North Ameri...
As of 2019, about 80 Planet Fitness locations were corporate owned and operated, with the rest being independent franchise locations. This includes other gyms bought out by Planet Fitness. For example, Planet Fitness’s acquisition of over 100 independently franchised locations owned by Sunshine Fitness made newsin 2022. Shane McGuiness co-founded S...
Planet Fitness seemed to perfect its business model early, and the current CEO has been working at the franchise almost right from the start. They really got their branding nailed solidly so that it’s impossible to differentiate between individual and corporate-owned franchises and locations. Although the brothers who founded the franchise are no l...
Jun 11, 2014 · Like a bolt of lightning, Mike Grondahl, the co-founder and former CEO of Planet Fitness, was in the news again. The last we heard about Grondahl, he was donating a whopping $250,000 to Augie's Quest, a donation announced at the Bash for Augie's Quest in March. Mike Grondahl (left) has moved on to other ventures after Planet Fitness was sold in ...
Apr 10, 2024 · According to Benzinga, in the 15-minute interview, founder Michael Grondahl outlined an alleged history of widespread abuses at the company and alleged that it misrepresented financial information.
In January, after a majority stake in the franchising company was purchased by a private equity firm, the Grondahl brothers stepped down from day-to-day operations, and Rondeau was named CEO. Along with the Grondahls, he was a driving force behind the 20-year evolution of one of the best-known national brands to originate in New Hampshire, now with 670 locations nationwide.
