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Snap Fitness
 
Industry: Health & Fitness, Sports & Recreation
Concept Summary
 
Snap Fitness is a franchisor of compact, state-of-the-art, 24/7 fitness centers that offer members a fast, convenient and affordable workout alternative to traditional “big box” health clubs.. Ranked No. 1 in Franchise Market magazine’s October 2007 listing of the Top 100 New Franchises, the Minneapolis-based company will end 2007 with more than 1,200 clubs sold in the U.S. and Canada. Snap Fitness clubs are attractive to potential franchisees because they are affordable, easy to manage (only one employee required), easy to operate (corporate support includes automatic billing and turnkey operational systems) and easy to market (today more than ever, people recognize the value of good health and are eager to get active).
 
Snap Fitness clubs fill an important market niche, serving as alternatives to “big box” clubs characterized by crowded parking lots, long waiting lines and expensive monthly dues. In contrast, Snap Fitness clubs, generally 2,000 to 3,000 square feet, are tucked inside popular strip malls near residential communities, offering members quick in-and-out 24/7 access. The equipment is identical to what is featured in larger, fancier facilities so members never have to compromise their workout experience. Value-added services such as personal training, online health risk assessments and fitness training, health coaching via telephone and custom nutritional supplements are offered. Single memberships start as low as $26 per month.
Financial Information
 
Franchise Fee: $30,000
Required Liquidity: $50,000
Required Net Worth: $250,000
Average Investment: $147,500
Available In
 
CAN
AB, BC, MB, NB, NF, NS, NT, NU, ON, PE, QC, SK, YT
USA
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
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