- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$529K - $1M
- Units as of 2023
1,025 19% over 3 years
At Snap Fitness, members have 24/7 access to the gyms in their community, and they get to enjoy personal training, complete with a nutrition and fitness plan tailored just for them. Daily high-intensity interval training workouts are offered, along with group workouts for cardio, strength, and functional fitness. Its Myzone technology helps members to track their heart rate and their progress in real-time.
Snap Fitness has been in the industry since 2003 and began franchising in 2004. In that span, it has developed a considerably large following in the U.S. to go along with, with over 450 international franchises. This company is designed to help the members and the franchisees see results.
Why You May Want to Start a Snap Fitness Franchise
The health and wellness industry remains a large one, and franchisees need a trusted guide to rely upon. Snap Fitness is one of the top franchises focused on helping clients see results—pairing muscle gain with financial gain.
At Snap Fitness, the keys to doing well include hiring the right staff, choosing the right location, and creating results for everybody. Many have found it to be a rewarding investment as they attempt to build a community of people who appreciate the future of fitness and health. Snap Fitness franchisees that offer a clean, organized workout space and pull in the members often achieve results.
By opening a Snap Fitness franchise, you'll be working to attract both people familiar with the brand and others who want to improve their health and wellness, but may not know where to start. Before and during operations, the company usually provides support through training, advanced technology, marketing, and its franchise-to-franchise support program, known as SnapNation.
What Might Make a Snap Fitness Franchise a Good Choice?
Are you a people person who strives to help others make life changes to see positive results? Self-motivated entrepreneurs with previous business experience could be a good fit for Snap Fitness. Potential franchisees should be extremely motivated. Snap Fitness is all about assisting clients in meeting and exceeding their fitness goals while supporting your community's health.
To be part of the Snap Fitness franchise team, you'll want to make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should be prepared for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How to Open a Snap Fitness Franchise
To get started with the process of opening your Snap Fitness franchise, begin by evaluating your location. The company's appeal may lie in its all-hours access, quality equipment and training technology, and welcoming atmosphere. Analyze what other gyms in your area provide and think about how Snap Fitness would compare.
During the process, there should be an opportunity for you to chat with existing franchisees and ask questions directed to the Snap Fitness franchise team. If your available liquid capital and net worth match the brand’s specifications, you may qualify to open a Snap Fitness franchise, and you can get started with an initial investment. Snap your fitness routine into shape and submit an inquiry form!
About Snap Fitness
|Industry||Health & Wellness|
|Related Categories||Fitness , Miscellaneous Personal-Care Businesses, Miscellaneous Recreation Businesses|
|Parent Company||Lift Brands Inc.|
|Leadership||Ty Menzies, CEO|
2411 Galpin Ct., #110
Chanhassen, MN 55317
|Social||Facebook, LinkedIn, Instagram|
|Franchising Since||2004 (19 years)|
|# of employees at HQ||76|
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Asia, Australia/New Zealand, Middle East, Europe (Western), Canada, Mexico
|# of Units||1,025 (as of 2023)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Snap Fitness franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$528,757 - $1,014,575|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$5,000 off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Snap Fitness has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||20+ hours|
|Classroom Training||40+ hours|
Meetings & Conventions
Security & Safety Procedures
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||1-1|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Snap Fitness landed on this year's Franchise 500 Ranking versus previous years.
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