Snap Fitness Inc.

Snap Fitness Inc.

24-hour fitness centers
Find out what franchise is right for you
2021 Franchise 500 Rank
N/R Ranked #469 last year
See the Full List
Initial investment
$145K - $479K
Units as of 2020
1,267 10.6% over 3 years

Company Overview

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.

About Snap Fitness Inc.

Founded
2003
Parent Company
Lift Brands Inc.
Leadership
Ty Menzies, CEO

Franchising Overview

Franchising Since
2004 (17 years)
# of employees at HQ
385
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
1,267 (as of 2020)

Franchisor Information

Corporate Address
2411 Galpin Ct., #110
Chanhassen, MN 55317

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Snap Fitness Inc. 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
$29,500
Initial Investment
$144,798 - $478,762
Net Worth Requirement
$250,000
Cash Requirement
$125,000
Veteran Incentives
$5,000 off franchise fee
Royalty Fee
$580/mo.
Ad Royalty Fee
$275/mo.
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Snap Fitness Inc. offers in-house financing to cover the following: equipment
Third Party Financing
Snap Fitness Inc. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training
37 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
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

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Snap Fitness Inc. landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Snap Fitness Inc. ranked on other franchise lists? Find out below.

Ranked #104

Top Global Franchises

Ranked #139

Top Franchises for Veterans

Want to stay updated on the latest franchise news?

Never miss a beat when you sign up to receive our newsletter.

We care about the protection of your data. Read our Privacy Policy

Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Snap Fitness Inc..

Pirtek

Pirtek

Hydraulic and industrial hose service and supply centers/mobile services
D-BAT Academies Inc.

D-BAT Academies Inc.

Indoor baseball and softball training, batting cages, merchandise

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

All of the Best Franchise Investments Start With These 10 Essential Steps

If you want your franchise investment to be successful, be sure to address these 10 concerns before you purchase.

Manish Vakil

· 9 min read

Entrepreneur Franchise of the Day: Concrete Technology Inc

Franchising for 30 years, CTI has found success with its easy-to-use concrete resurfacing system by providing support, training and a successful business model for its franchisees.

The Marketing Challenges of Finding New Franchises

Many young brands make the mistake of taking the approach that more is better.

Rick Grossmann

· 4 min read

Sports World and Smart Fit are in talks to merge

Both franchises want to create "one of the Top 10 Wellness companies worldwide".

Alto Nivel

· 3 min read

McDonald's Apologizes for Understaffing: 'Nobody Wants to Work Anymore'

One McDonald's has come under scrutiny for a controversial sign it shared.

Entrepreneur en Español

· 2 min read

10 Traits of the Most Successful Franchise Owners

A look at the innate qualities that lead to successful franchise ownership.

Don Daszkowski

· 5 min read
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021