Snap Fitness Franchise Opportunities – Information
With the proven fitness franchise model of Snap Fitness, one of the fastest-growing fitness chains in the world, success is a snap! The Snap Fitness model, with facility locations open 24 hours a day seven days a week, makes building a customer base a fast, simple process. Snap Fitness provides strong support throughout the entire partnership with franchisees, from initial training to long-term strategizing assistance. Financing is available for prospective franchisees, and those who come on board the Snap Fitness team are helped with site selection, build-out, Grand Opening and other ongoing support.
Snap Fitness Franchise Opportunities – History
Snap Fitness was founded in 2003 by Peter Taunton, who had previously run several large-full-service America’s Fitness Centers in Minnesota locations before launching Snap Fitness in Chanhassen. His original idea was to pare down the extras and open three bare-bones clubs, just treadmills and weights, without the swimming pools and racquetball courts that weigh down other fitness clubs. His instinct was right on, as Snap Fitness grew quickly, opening 370 clubs in 2007 alone, an average of more than one a day. The company now has more than 2,000 locations worldwide and continues to expand at a fast rate through numerous franchise agreements.
Snap Fitness Franchise Cost / Initial Investment / Snap Fitness Franchise Income
The franchise fee to open a Snap Fitness location is $19,500. An ongoing royalty fee of $449 per month is paid to the company. Term of Franchise Agreements is five years, renewable. Snap Fitness has reported annual revenue of more than $31.8 million.
Snap Fitness Business Opportunities: Other Information
It’s no surprise, Snap Fitness believes in employing people who want to stay fit. All Snap Fitness employees have access to every locations worldwide. The company’s 24/7 key card access allows employees the freedom to work out whenever and wherever they find themselves.