Driving growth with funding increase from HSBC

We're excited to be able to now offer additional funding to new franchisees, with support from HSBC UK.

HSBC UK have been a valued partner throughout our growth and will now lend up to 60 per cent of start-up costs to franchisees.

As we close in on the 100-gym landmark in the UK & Ireland later this year, this uplift in funding will provide entrepreneurs with greater support as they look to establish their business.

Kevin Yates, CEO of Lift Brands EMEA, said: “This is testament to the ongoing work of our teams across the Europe, the Middle East and Africa (EMEA) region who are operating highly profitable gyms. We’re really excited by the opportunities for growth within our business and this funding will allow us to support more ambitious entrepreneurs as they realise their ambitions of owning their own gym.”

Existing Snap Fitness franchisees are traditionally seeing a return on investment within three years, allowing them to quickly scale their investment and become multi-site owners.

Our newer locations are also breaking even within the first few months of operation.

Anita Roberts, Franchising Director at HSBC UK, added: “The franchise industry continues to be incredibly resilient and this is reflected in Snap Fitness’ sustained growth. We look forward to working with more franchisees and helping to provide the funding required to successfully open more Snap Fitness locations across the UK.”

Snap Fitness has over 1,000 gyms across the world in more than 20 countries. As well as no closures or sites currently up for sale in the Europe, the Middle East and Africa estate, its UK membership base grew by over 17 per cent year on year across the same number of sites against an industry backdrop of 4 per cent. (Source, 2024 State of the UK Fitness Industry Report).

To find out more about Snap Fitness and to enquire about owning your own gym, visit https://www.snapfitness.com/uk/why-franchise-with-snap-fitness.