Pumping Up: Snap Fitness Ranks as One of Nation’s Fastest Growing Franchises

05/06/2010

Chanhassen, Minn. – Snap Fitness, the nation’s fastest growing franchise system featuring compact, state-of-the-art fitness centers, was recently ranked as the highest fitness franchise on the 2010 Franchise Times ‘Fast 55’ list.

The Franchise Times ‘Fast 55’ list is compiled from information provided by FRANdata. Now in its seventh year, the ‘Fast 55’ features the 55 fastest growing young companies in franchising. In order to qualify for the ‘Fast 55,’ companies could not have been franchising for more than five years.

The overall ranking of number 30 is the highest that Snap Fitness has been ranked on the ‘Fast 55’ list. The franchise system earned the honor because of their average unit growth of 207% between 2004 and 2008.

“We began franchising in 2004 and already have opened our 1,000th fitness club, so we definitely feel that we deserve to be the highest ranked fitness franchise,” said Peter Taunton, CEO and Founder of Snap Fitness. “The success our franchise has enjoyed is due in large part to our incredible base of franchisees and support staff at the corporate level. We look forward to continued growth as we expand into new communities across the country.”

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 Snap Fitness franchisees are absentee owners with other full-time jobs.

“Being recognized as the nation’s fastest growing fitness franchise is something in which we have worked extremely hard to achieve,” added Taunton. “The health and fitness industry is one that will always be strong, and we have found a model that has not only resonated with people looking for a good work out, but also a good investment.” 

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. For more information or to learn how to open a Snap Fitness Franchise, please visit www.snapfitness.com.

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GUEST BLOGGER | Patrick Strait

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Snap Fitness Promotes Gary Findley to Cheif Operating Officer

01/14/2010

Snap Fitness, the world’s fastest growing Franchise featuring compact, state-of-the-art fitness centers, announces the promotion of Gary Findley to Chief Operating Officer.

Findley, formerly Senior Vice President of franchise Sales, will expand his leadership role to assist in enhancing Snap Fitness’ operational efficiencies. Meanwhile, he will continue to lead the company’s franchise sales development both domestic and internationally.

“Gary has been a great addition to our leadership team and will play a valuable role in our growth and success as we expand and develop the Snap Fitness brand globally,” said Peter Taunton, Founder and CEO of Snap Fitness. “In his new position, he and I will work closely together to make certain Snap Fitness has the right people, the right services and the right locations to serve our customers and franchisees worldwide.”

Findley, who joined Snap Fitness in October 2008, has more than 15 years of experience in the franchise industry, including an eight-year tenure at Curves International. As President of Curves, he played an integral part in turning the chain into one of the fastest growing franchise companies in history. Findley also spent two years as Vice President of Franchise Sales for the Dwyer Group.

The promotion comes on the heals of a monumental year for Snap Fitness that saw the burgeoning brand become the fastest franchise system to reach 1,000 club openings since its creation. Today, Snap Fitness operates clubs in 48 states, Canada, Mexico, Australia, New Zealand and India.

“Snap Fitness continues to experience spectacular growth, as it further establishes itself as the premier concept in the $18.5 billion fitness industry,” Findley said. “I couldn’t be more excited about my role with the company and look forward to helping guide the franchise to its next stage of operational success.”

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About Snap Fitness

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.

GUEST BLOGGER | Patrick Strait

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Snap Fitness Ranked Among Fastest Growing Franchises in Entrepreneur Magazine’s Franchise 500®

12/30/2009

Chanhassen, Minn. – Snap Fitness has been named one of the top 500 franchises in the United States, ranking #51 in Entrepreneur Magazine's Franchise 500®. A fast-growing franchisor of state-of-the-art 24/7 express fitness centers, Snap Fitness was also ranked as the 20th Fastest Growing Franchise and 44th Top Global Franchise.  

The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. The most important factors include financial strength and stability, growth rate and size of the system. The franchises that grew the most were the ones who serve a budget-minded consumer, didn't cost as much to set up, or both.

According to company Founder and CEO Peter Taunton, Snap Fitness’ success is attributed to a business model that is set up to thrive in a fitness industry that has averaged an 8% annual growth rate since the early 1990s. “Snap Fitness continues to grow as we have proven to be the right business concept for those who wish to secure financial freedom and allows for franchise owners to follow a turnkey operational system that sets them up for success,” he added.

Snap Fitness makes its compact, state-of-the-art clubs easy to own, manage and market. Start-up costs range from $77,000 to $272,000, putting it well below the price tag of well-known franchisors in other categories. The ability to manage operations via web-based tools with little need for on-site staffing makes it attractive for entrepreneurs and others seeking opportunities that accommodate semi-absentee ownership. Snap Fitness also offers its more than half a million members a convenient, low-price alternative to traditional big-box health clubs.

Consistently opening 300-400 new clubs each year, 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 several 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.

For more information or to learn how to open a Snap Fitness Franchise, please visit www.snapfitness.com.

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GUEST BLOGGER | Patrick Strait

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Snap Fitness Ranked No. 1 in Growth Category by the AllBusiness AllStar Franchise Rankings

12/22/2009

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.

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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.

GUEST BLOGGER | Patrick Strait

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Snap Fitness Opens 1,000th Club

12/19/2009

Chanhassen, Minn Less than six years after opening its first club, Snap Fitness, the fast growing franchise system featuring compact, state-of-the-art fitness centers, announces the opening of its 1,000th club in Saint Paul, Minnesota.

Having opened its first franchise in 2004, Snap Fitness is the fastest franchise system to reach 1,000 club openings in such a short period of time. Today, the burgeoning brand operates clubs in 48 states, Canada, Mexico and India – serving more than half a million members – with additional clubs currently being developed in Australia and New Zealand.

“Snap Fitness has grown at such a rapid pace because we offer what consumers increasingly want – a fast, convenient and affordable workout solution – and offer an appealing franchise opportunity to potential investors and club owners,“ said Peter Taunton, CEO and Founder of Snap Fitness. “This is a tremendous milestone for us, as we launched our franchise in Minnesota and are now opening our 1,000th club where it all began.”

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.

 “As more people see health and fitness as a necessity versus a luxury, we’ve honed in on what consumers want and expect from their fitness program,” Taunton added, emphasizing the company’s more than half a million members. “Snap Fitness looks forward to continuing to offer health enthusiasts worldwide with a no-frills workout option.”

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.

For more information or to learn how to open a Snap Fitness Franchise, please visit www.snapfitness.com.

 

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GUEST BLOGGER | Patrick Strait

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Alison McElroy Named General Counsel of Snap Fitness

11/10/2009

MINNEAPOLIS, Minn. – Snap Fitness, the world’s largest and fastest growing franchise featuring compact, state-of-the-art fitness centers, announces the appointment of Alison (Ali) McElroy as general counsel of the company, effective June 2009.

McElroy, who most recently served as an attorney in the corporate group at Faegre & Benson LLP in Minneapolis, will be responsible for various strategic initiatives with Snap Fitness, including the company’s international expansion and general legal needs.

"With Snap Fitness’s shift into a new phase of profitable growth, Ali brings a wealth of experience as general counsel,” said Peter Taunton, Founder and CEO of Snap Fitness. “Her deep legal experience and sound business judgment make her an excellent choice which complements our senior team at this critical moment in Snap Fitness’s mission to become the world’s largest and fastest growing franchise in the multi-billion dollar fitness category.”

McElroy joined Faegre & Benson in 2005, where she advised clients on a variety of matters, including franchise and distribution law, international business transactions, mergers and acquisitions, and international corporate counseling. Prior to joining Faegre & Benson, she served as a judicial clerk for retired Chief Justice Kathleen Blatz of the Minnesota Supreme Court.

“Snap Fitness’s rapid growth, the quality of its leadership and the talent of its people have the company poised for continued success," McElroy said. “I couldn’t be more excited about joining such a dynamic brand and my new role in enhancing a franchise network that is poised for unparalleled growth.”

McElroy is a 2001 graduate of the University of Notre Dame and a 2004 graduate of the University of Minnesota Law School.

About Snap Fitness, Inc.
Fresh off its No.16 ranking on Inc. Magazine’s annual ranking of the country’s 500 fastest-growing private companies, Snap Fitness is experiencing phenomenal growth with more than 1,800 locations sold nationwide and some 30-40 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-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 world wide.

For more information, please visit www.snapfitness.com.

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GUEST BLOGGER | Patrick Strait

Description coming soon!