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No. 732   Planet Fitness   Dover, NH

Year 2008
Industry Health
Founded 1992
Growth 472.0%
2004 Revenue $8.5 million
2007 Revenue $48.5 million
Employees 107
Website www.planetfitness.com
What it does:
It is a low-price/high-value health club chain with more than 230 franchised clubs in 29 states and 320 more locations in development.
Why it's growing:
Planet Fitness' explosive growth is due to a unique business model that has drawn comparisons to that of Southwest Airlines. Its cost structure is very low--eliminating under-utilized extras while providing stylish facilities and great equipment.
What's noteworthy:
The company has branded its clubs "the judgement-free zone". Its core customers are first-time and occasional gym users who can relax without the intimidating atmosphere so common in some other clubs.

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