Snap Fitness Inc.
#327 Franchise 500| 24-hour fitness centers

Snap Fitness Inc.
24-hour fitness centers

About
Founded

2003

Franchising Since

2004 (15 Years)

Corporate Address

2411 Galpin Ct., #110
Chanhassen, MN 55317

CEO

Tom Welter

Parent Company

Lift Brands Inc.

Financial Requirements
Initial Investment

$153,980 - $529,899

Net-worth Requirement

$250,000

Liquid Cash Requirement

$125,000

Ongoing Fees
Initial Franchise Fee

$29,500 - $29,500

Ongoing Royalty Fee

$569/mo.

Ad Royalty Fee

$275/mo.

Financing Options

Snap Fitness Inc. offers in-house financing to cover the following: equipment

Snap Fitness Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Veteran Incentives

$5,000 off franchise fee

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Social media

SEO

Website development

Email marketing

On-The-Job Training:

24 hours

Classroom Training:

32 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

1 - 1

Snap Fitness Inc. is ranked #327 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $153,980 High - $529,899
Units
-1.6%-23 UNITS (1 Year) -3.2%-46 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 26th, 2019