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

Snap Fitness Inc.
24-hour fitness centers

About
Founded

2003

Franchising Since

2004 (14 Years)

Corporate Address

2411 Galpin Ct., #110
Chanhassen, MN 55317

CEO

Peter Taunton

Parent Company

Lift Brands Inc.

Financial Requirements
Initial Investment

$149,771 - $462,800

Net-worth Requirement

$250,000

Liquid Cash Requirement

$75,000

Ongoing Fees
Initial Franchise Fee

$29,500 - $29,500

Ongoing Royalty Fee

$549/mo.

Ad Royalty Fee

$150/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 #348 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 - $149,771 High - $462,800
Units
-1.3%-18 UNITS (1 Year) +0.3%+4 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 20th, 2018
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