Snap Fitness Inc.

Founded: 2003 Franchising since: 2004
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.

Address: 2411 Galpin Ct., #110 Chanhassen, Minnesota 55317

Phone: (877)474-5422/ (952)474-5422

Franchisor is a privately-held company with 14 employee(s)

Franchise Units

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	893	28	3	12
2008	695	6	0	10
2007	490	4	0	9
2006	141	0	0	2

Where Seeking Franchisees
Nationwide
Outside the U.S.: Asia, Australia/New Zealand, Canada, Eastern Europe, Middle East, Mexico, Western Europe

Exclusive territories available.
Territory size: Up to 4 mile radius

Total investment: $77,343 - $272,743
Franchise fee: $15,000
Ongoing royalty fee: $449/mo.
Term of agreement: 5 years, renewable


Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $250,000
Cash liquidity requirement: $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)

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

Franchise 500® rank:
#51 (2010); #24 (2009); #96 (2008); #206 (2007);

Fastest-Growing Franchises:
#20 (2010); #5 (2009); #24 (2008); #51 (2007);

Top New Ranking:
#2 (2009); #3 (2008); #11 (2007);

America's Top Global Franchises:
#44 (2010); #23 (2009); #82 (2008); #173 (2007);