Snap Fitness Ranked No. 1 in Growth Category by the AllBusiness AllStar Franchise Rankings
Chanhassen, Minn - Snap Fitness continues to “flex” its muscle as one of the top Franchise companies. The fastest growing franchise system featuring compact, state-of-the-art fitness centers recently ranked No. 1 in the growth rank category for the second consecutive year and No. 23 overall in a comprehensive listing of the nations top 300 franchise companies by AllBusiness.com.
AllBusiness.com’s team of editors researched, compiled, and analyzed more than 800 franchise systems to compile the AllStar Franchises list. The rankings assessed the strengths of Franchising companies based upon criteria such as Web visibility and the latest financial strength scores from Dun & Bradstreet.
“Our overall ranking further validates why our business has grown at such a rapid pace,” said Peter Taunton, CEO and Founder of Snap Fitness, noting that the company has just opened its 1,000 location. “We are truly honored to be recognized as a fitness concept that offers what consumers increasingly want – a fast, convenient and affordable workout solution – and offer an appealing Franchise Opportunity to potential investors and club owners.”
Economically, the fitness industry has proven to be recession-proof, averaging an 8% annual growth rate since the early 1990s. Snap Fitness is the right business concept for those who wish to secure financial freedom, as it allows for franchise owners to follow a turnkey operational system that sets them up for success. Franchisees receive one-stop financing assistance, ongoing operational and marketing support and the flexibility of running their gyms as a side business. In fact, 60% of them are absentee owners with other full-time jobs.
After spending more than 20 years in the fitness industry owning and operating various big-box clubs, Taunton realized that many of the costly amenities offered in his facilities such as swimming pools, racquetball courts and childcare sat idle most of the day. Knowing most people are on the go, constantly seeking balance between work and family, he designed a model that incorporated the most readily used health club equipment into a smaller, more efficient, passcard-secure facility. By doing this, he was able to deliver 24/7 access, affordable membership pricing and top-quality exercise equipment worldwide.
Today, Snap Fitness has nearly 2,000 locations open or under development worldwide. Company plans call for a total of 3,500-4,000 centers within the next five years.
About Snap Fitness, Inc.
Named the 16th fastest-growing private company in Inc. Magazine's prestigious 2009 Inc. 500 ranking, Snap Fitness is experiencing phenomenal growth with more than 2,000 locations sold nationwide and some 30-40 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Minnesota-based franchisor offers compact, state-of-the-art, 24/7 express fitness clubs that emphasize fast, convenient and affordable workouts in neighborhoods across America and worldwide.