The franchise offered is a SNAP FITNESS Club ("Club"), which offersgroup fitness and personal training, using advanced industry technologiesandhighquality fitness equipment and providing 24-7 access to members.
Company Background
SNAP FITNESS is a franchise offered at SNAP FITNESS(R) Clubs. The Club features state-of-the-art exercise equipment and 24 hour keycard access for members. As of September 20, 2018, we have 49 clubs open in the U.S., with an additional 27 clubs under construction or planned to be built in the next 12 months. Our founder and CEO Michael Laiskonis created SNAP Fitness after identifying a need for better fitness options that are accessible and affordable for all populations, especially those who live in urban areas such as New York City (NYC). In response to this need, SNAP Fitness delivers top quality fitness classes taught by experts at prices everyone can afford through its membership model.
Franchise Opportunity
The health and fitness industry is incredibly competitive, with new clubs popping up all the time. How can you make sure that your club stands out from the rest? It can be tough to attract and keep members when there are so many other options available. And, once they're in the door, how do you get them to stick around for a long time? SNAP FITNESS offers a unique experience that sets it apart from other clubs. Our 24-hour keycard access means that members can come and go as they please, and our state-of-the-art equipment ensures that they always have a great workout. Plus, our franchise opportunity makes it easy to get started.
Corporate Structure
Snap Fitness, Inc. is a Minnesota corporation incorporated on October 9, 2003. They initially were formed under the name AFC24 Hour Fitness, Inc., and changed our name to Snap Fitness, Inc. Their principal place of business is 2411 Galpin Court, Suite 110, Chanhassen, MN 55317.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Modernized Clubs" Units
Average Revenue Per Unit
Compared vs. Health & Fitness Industry
$51,862 / unit
Franchise Type: Modernized Clubs
Average Revenue During 2019
$51,862
$42,880 Industry Low
$4,807,626 Industry High
Financial Performance of "Stripe Model Clubs
" Units
Average Revenue Per Unit
Compared vs. Health & Fitness Industry
$42,880 / unit
Franchise Type: Stripe Model Clubs
Average Revenue During 2019
$42,880
$42,880 Industry Low
$4,807,626 Industry High
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 4% in the Health & Fitness industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
#
Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Snap Fitness Franchisees
Snap Fitness Franchise System Development in 2021
FAQ
How much investment do I need to start my own Snap Fitness business?
Franchisees typically require at least
$247,600 to
$1,211,917 investment to get their
Snap Fitness business started
What are the initial franchise fees for Snap Fitness?
Franchisees typically need to pay at least
$50,854 in fees directly to
Snap Fitness in order to earn the right to launch their business
How much money can I make with a Snap Fitness franchise? What are
the average revenues for a typical Snap Fitness business?
We estimate that the average revenue of an individual
Snap Fitness unit is approximately
$51,862. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Snap Fitness unit? What
is my contractual commitment?
Snap Fitness franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
2 /10
The Franchisor's investment costs ranges from
$247,600 to $615,700
which is
Much Lower
than the $322,949 to $669,726 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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Franchising Status
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Initial Investment (Max)
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Franchisee Fee (Max)
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