#35
At a Glance
Products & Services: 24-hour fitness center
Number of Locations: 1,339
Total Investment: $68.62K - 376.7K
Founded: 2003
Began Franchising: 2004
About Snap Fitness Inc.
Before Peter Taunton founded Snap Fitness Inc. in 2003, he was a professional racquetball player and owned and operated five fitness centers in Minnesota. Taunton's vision for Snap Fitness was to offer patrons a convenient and affordable place to work out 24 hours a day. The company began franchising in 2004, and is currently expanding globally.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2013 | 991 | 79 | 165 | 104 |
| 2012 | 1,023 | 80 | 148 | 80 |
| 2011 | 1,013 | 66 | 72 | 39 |
| 2010 | 972 | 54 | 30 | 25 |
| 2009 | 893 | 28 | 3 | 12 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $68,618 - $376,700
Franchise Fee: $15,000
Ongoing Royalty Fee: $449/mo.
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $15,000
Ongoing Royalty Fee: $449/mo.
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
Operations
40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 1. Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
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How This Franchise Supports Franchisees
Training: Available at headquarters: 4 days.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Franchise Ranking History
Top New: #2 (2009),
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