How much does it cost to own a Snap Fitness?
What Does a Snap Fitness Franchise Cost? To buy a franchise with Snap Fitness, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $250,000.Franchisees can expect to make a total investment of $118,805 - $294,565.They also offer financing as well as a discount for veterans.
How much does Snap Fitness pay?
The average Snap Fitness salary ranges from approximately $63,137 per year for Fitness Instructor to $64,519 per year for Personal Trainer. Average Snap Fitness hourly pay ranges from approximately $26.97 per hour for Membership Sales to $74.83 per hour for Personal Trainer.
Why should you franchise with Snap Fitness?
Why Franchise With Snap Fitness . Our transformation story 15+ years of fitness innovation . Over the last 15 years, Snap Fitness has proven that innovation is the key to brand agility. Staying ahead of the latest trends in the fitness industry has given us the ability to constantly evolve our brand to provide the most rewarding fitness ...
How much does it cost to open a fitness franchise?
What Does an Anytime Fitness Franchise Cost? To buy a franchise with Anytime Fitness, you'll need to have at least $100,000 in liquid capital.Franchisees can expect to make a total investment of $94,430 - $523,824.They also offer financing via 3rd party as well as a discount for veterans (Yes - $1,000-$8,500 off franchise fee).
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What is Snap Fitness?
The franchise offered is a Snap Fitness club, which offers 24/7 gym access to members as well as group fitness and personal training, using advanced fitness technologies and high quality fitness equipment.
Where is Snap Fitness training?
The program is five days. Training will occur at Snap Fitness headquarters in Chanhassen, Minnesota, prior to opening. In addition to the on-site training program, additional onboard training will be provided via one-on-one phone calls and online conference calls.
What is a territory granted in Snap Fitness?
Territory Granted: When the Franchise Agreement is signed, franchisees will select a general geographic area in which they intend to operate their club (preliminary designated area). The franchisor will generally approve the franchisee’s selection unless it determines, in its sole judgment, that it may negatively affect the interest of another Snap Fitness franchisee or is otherwise unavailable for development under the franchisor’s current policies. Once franchisees have acquired a site, the franchisor will complete the Franchise Agreement to reflect the site (which will become the club’s “authorized location”) and to define the “designated area” around the authorized location. If the site franchisees acquire is within the preliminary designated area, their designated area will be substantially the same as their preliminary designated area in terms of size, shape or demographics. A minimum designated area will consist of one city block and, in suburban and rural areas, may be as large as a three-mile driving distance from the anticipated location. During the term of the agreement neither the franchisor nor its affiliates will develop or operate, or grant to anyone else the right to develop or operate, a Snap Fitness club physically located in the designated area (except for designated special sites).
What is the new club finance program?
The first, the New Club Finance Program, is a program is meant for both new Snap Fitness franchisees opening their first Snap Fitness club and existing Snap Fitness franchisees opening an additional club.
What are the obligations of a franchisee?
Obligations and Restrictions: During the term of the Franchise Agreement, franchisees (if the franchisee is an individual) or their general manager must devote full time and best efforts to the management of the club. Franchisees are expected to stay informed about the franchisor’s organizational plans, initiatives and direction by regular review of communications sent to the franchisee electronically or otherwise. Franchisees or their general manager must provide direct on-premises supervision to the club. The general manager must complete the training course. Franchisees must offer at the club all of the products, equipment and services that the franchisor periodically requires and may not offer at the club any unapproved products or use the premises for any purpose other than the operation of the club. If permitted by state and local law, franchisees must be open for business every day of the week for 24 hours.
How long does a franchise last?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Renewal is for unlimited additional 10-year terms, if requirements are met.
How long is franchising training?
The program is five days.
Does Snap Fitness Work with E2 Visa and EB-5 Visa Candidates?
No. Snap Fitness franchise does not work with E2 Visa and EB-5 Visa candidates.
Is Snap Fitness a Semi Absentee Franchise with a Passive Ownership Opportunity?
Yes. Snap Fitness is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.
How many Snap Fitness locations are there?
With over 2,000 locations open or in development in 26 countries and 1.5 million members worldwide, a Snap Fitness franchise is the top choice for entrepreneurs to bring a high-quality workout experience to their communities.
What is Snap Fitness?
Snap Fitness is the fast, convenient and affordable workout alternative to traditional “big box” health clubs. They offer members no contracts, state-of-the-art workout equipment and 24/7 safe and secure access to all of our clubs worldwide. Start your business!
What is a world gym?
World Gym is an iconic, globally-recognized fitness brand in a booming industry. Invest in a World Gym Franchise and profit from a subscription-based revenue model with multiple revenue streams, backed by proven systems and A-to-Z franchisee support.
Does Snap Fitness have financing?
Additionally, Snap Fitness provides in-house financing to qualified applicants, helping you achieve your goal of starting your own business or growing your existing business.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 792 franchised Snap Fitness locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
How many hours of training does the FDD have?
Yes, they have an initial training program of 37 hours. This includes 37 hours of classroom training. In their FDD they outline who’s in charge of the training. Unlock to find out more.
Who is the CEO of Snap Fitness?
Snap Fitness Signs Master Franchise Agreement for Spain#N#Snap Fitness, the world's premier 24/7 fitness brand, announced a master franchise agreement for Spain today with an aggressive plan to open 200 clubs over the next several years. Albert Marco will serve as CEO of Snap Fitness Spain, with Dextra Corporate Advisors as investors and management...
Is Snap Fitness easy to manage?
A Snap Fitness franchise is easy to afford, easy to manage - 70% of our franchisees are absentee owners - and easy to market.
How many sq ft is Snap Fitness?
A 3,000 sq.ft. - 6,000 sq.ft space is ideal for a Snap Fitness location, with at least a 10” ceiling height, sufficient parking space, and a natural flow of traffic.
What is Snap Fitness?
Snap Fitness is a global leader in the fitness market and we want to set your franchise up for success. We do this by reviewing the number of competing businesses, the population size and the target market size. We also determine whether entering an existing competitive market would be an advantageous proposition.
How long does it take to get in contact with Snap Fitness?
If you’re ready to join one of the fastest growing industries in the world, fill out the form and a team member will be in contact with you within the next 48 hours. In the meantime, check out some of our available locations for your Snap Fitness gym!
How does Snap Fitness evaluate sustainability?
Our internal team evaluates the sustainability of a Snap Fitness franchise in a potential location by measuring the local community’s previous fitness activity and their level of interest in fitness. We then assess the likelihood of them joining a new gym.
