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Snap Fitness Inc.

2014 Franchise 500
#44
At a Glance

Products & Services: 24-hour fitness center

Number of Locations: 1,414

Total Investment: $107.3K - $258.1K

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
2014 947 84 258 125
2013 978 82 196 120
2012 1,023 80 148 80
2011 1,013 66 72 39
2010 972 54 30 25
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $107,275 - $258,140
Franchise Fee: $19,500
Ongoing Royalty Fee: $449/mo.
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: $5,000 off franchise fee
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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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

Franchise 500®: #44 (2014), #35 (2013), #36 (2012), #33 (2011), #51 (2010),
Fastest-Growing: #96 (2013), #40 (2012), #27 (2011), #20 (2010),
America's Top Global: #23 (2014), #31 (2013), #33 (2012), #31 (2011), #44 (2010),

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