Snap Fitness Inc.

#36

At a Glance

Products & Services: 24-hour fitness center

Number of Locations: 1,190

Total Investment: $76.11K - 361.7K

Founded: 2003

Began Franchising: 2004

Private Owned

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 while offering entrepreneurs a solid franchise business model. Snap Fitness 24-hour fitness centers are located throughout the U.S. and Canada.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	1,013	66	72	39
2010	972	54	30	25
2009	893	28	3	12
2008	695	6	0	10

Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Canada, Eastern Europe, Middle East, Mexico, Western Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $76,113 - $361,695
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
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 days.

Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,