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Snap Fitness Inc.

2012 Franchise 500
#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,

Franchise Ranking History

Franchise 500®: #36 (2012), #33 (2011), #51 (2010), #24 (2009), #96 (2008),
Fastest-Growing: #40 (2012), #27 (2011), #20 (2010), #5 (2009), #24 (2008),
Top New: #2 (2009), #3 (2008),
America's Top Global: #33 (2012), #31 (2011), #44 (2010), #23 (2009), #82 (2008),

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Entrepreneur Magazine's Entrepreneur of 2012 - Presented by The UPS Store