Franchise: Snap Fitness Inc.

Initial Investment
LOW:$148,188
HIGH: $458,458
Change in Units
-0.3% -5 UNITS (1 Year)
+4.4% +60 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training at headquarters: 4 days

Absentee Ownership Allowed

Number of employees required to run: 1 - 1

About Snap Fitness Inc.

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.

Founded

2003

Franchising Since

2004 (13 Years)

Corporate Address

2411 Galpin Ct., #110 Chanhassen, MN 55317

CEO

Peter Taunton

Parent Company

Lift Brands

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Financial Requirements

Initial Investment

$148,188 - $458,458

Net-worth Requirement

$250,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$29,500 - $29,500

Ongoing Royalty Fee

$529/mo.

Ad Royalty Fee

$139/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

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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: April 19th, 2017

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