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

Snap Fitness Inc.
24-hour fitness centers

About
Founded

2003

Franchising Since

2004 (16 Years)

Corporate Address

2411 Galpin Ct., #110
Chanhassen, MN 55317

Leadership

Ty Menzies, CEO

Parent Company

Lift Brands Inc.

Financial Requirements
Initial Investment

$144,798 - $478,762

Net-worth Requirement

$250,000

Liquid Cash Requirement

$125,000

Ongoing Fees
Initial Franchise Fee

$29,500 - $29,500

Ongoing Royalty Fee

$580/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

Classroom Training:

37 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

1 - 1

Snap Fitness Inc. is ranked #469 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 - $144,798 High - $478,762
Units
-4.1%-57 UNITS (1 Year) -6.8%-98 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

Franchise Articles

Busting the Myths of Franchising

It's important to balance challenges with something personally meaningful.

Franchises: An Accessible and Successful Investment Model in Mexico

In the country franchises of all kinds are obtained, from restaurants, gas stations, gyms, to courier services. And as a whole, they have a relevant weight in the national economy.

Why Most Ghost Kitchens Will Fail in 2021

Ghost kitchens exploded in popularity this year, but are they a house of cards?

6 Ways Being in a Franchise System Helped Me Survive Covid-19

Here's how franchise systems are built to handle pivots and pressure.

10-Step Roadmap to Franchising Success

Here's what a business owner should consider when looking to turn their existing business into a franchise opportunity.

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 3rd, 2020