Snap Fitness Inc.

Founded: 2003 Franchising since: 2004
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 while offering entrepreneurs a solid franchise business model. Snap Fitness 24-hour fitness centers are located throughout the U.S. and Canada.

2411 Galpin Ct., #110 Chanhassen, Minnesota 55317

Phone: (877)474-5422/ (952)474-5422

Franchisor is a privately-held company with 14 employee(s)

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	893	28	3	12
2008	695	6	0	10
2007	490	4	0	9
2006	141	0	0	2
2005	50	0	0	2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, Middle east, Mexico, Western europe

Exclusive territories available.
Territory size: Up to 4 mile radius

Total investment: $77.4K-272.8K Franchise fee: $15K

Ongoing royalty fee: $449/mo. Term of agreement: 5 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $50K+

Operations

• 40% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 1 - 1
• Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 days

Ongoing Support

• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Co-op advertising
• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#24 (2009); #96 (2008); #206 (2007);

Ranked #1 in category in:
2009;

Fastest-Growing Franchises:
#5 (2009); #24 (2008); #51 (2007);

Top New Ranking:
#2 (2009); #3 (2008); #11 (2007);

America's Top Global Franchises:
#23 (2009); #82 (2008); #173 (2007);