Opening a Snap Fitness: A Breakdown of Gym Franchise Costs
Are you ready to kick your corporate grind to the curb and become your own boss? If it’s time to take your career into your own hands and shape a future for yourself while pursuing your passion for health and wellness, Snap Fitness has a franchise opportunity for you!
We’re a globally recognized and established brand with more than 20 years of experience. We’ve become leaders in the 24/7 gym industry by providing state-of-the-art equipment, attractive facilities, personal training, results-driven technology, and more as part of our proven business model.
With our fitness and gym industry knowledge and expertise, we’ve developed our franchise opportunity that offers a complete support structure and a time-tested model so you’ll have all the resources and assistance you need along your journey to business ownership and success.
Each of our locations is our opportunity to prove fitness can be done differently – and better – by offering our members an inclusive and supportive approach to wellness. Our innovative and unique fitness experience pushes the usual gym-world conventions and is a great differentiator for members and franchise owners alike.
As more people than ever are prioritizing their health and fitness and the global fitness market continues to see consistent annual growth rates of three to four percent, we’re ready to help set you on the path to success so you can break into the over $96.7B industry.
We’re looking for ambitious, service-oriented individuals to join our brand and bring their unique perspective on health and wellness to their communities. If you’re a savvy entrepreneur who appreciates fitness and helping people discover a lasting passion for an active lifestyle, you could be a great fit to franchise a gym with Snap Fitness!
Let’s take a look at the investment numbers to give you a better idea of what our franchise opportunity can do for you!
How Much Does it Cost to Open a Gym Franchise?
We’ve considered all the elements that go into building a successful gym facility and wrapped them up in a turnkey fitness franchise opportunity.
To become a Snap Fitness owner, you’ll need to meet our financial requirements. We require owners to have $250K in liquid capital assets for a single license and $500K for an area developer license. Your net worth requirement is $1M for a single license and $2M for an area developer license.
Our initial franchise cost is a fee of $39.5K, and your estimated initial investment ranges from $529K to $1.1M. We offer a multi-unit discount of $5K off the initial franchise fee for each subsequent club you open, and to thank veterans for their service, we offer a $5K discount off their initial franchise fee.
We Offer Gym Franchise Support
At Snap Fitness, we’ve developed our gym franchise opportunity to include everything you need to get started and operate a thriving club of your own. The steps to gym ownership and franchising your own Snap Fitness are very clear and we will support you along the way.
When you invest with us, you’ll receive top-tier support and resources for starting, running, and operating your gym business, including:
Planning and Finance
Property Selection
Recruitment and Training
Pre-Sales and Launch Support
A Personal Contact
Premium Fit-Outs
Multiple Revenue Streams
Value-Adding Technology
Preferred Equipment Suppliers
A Globally Established Network
Economies of Scale
Ongoing Growth
Member Analytics
We provide our franchise owners with several ways to earn revenue to help offset the cost of franchising a gym. Membership plans will be your primary revenue driver, and you’ll have the ability to set your pricing. Single monthly memberships usually range from $34.95 to $59.95.
You’ll also have the opportunity to add personal training and group fitness classes as a way to add value to your membership plans and create an additional revenue stream. Club owners can also choose to offer other club amenities, like infrared spas or body composition analysis.
Plus, we administer reimbursements for various insurance companies and national accounts and are there to help you throughout the process. We make it easy for your members to get reimbursed from their insurance companies, which can help draw in more members and decrease gym membership cancellations.
Financing Options for Opening a Gym Franchise
We work closely with several financing partners to provide our franchisees with a range of options that best meet their unique financial needs. Our team is ready to help you find and choose the right funding option for your business.
As the fitness industry continues to see phenomenal growth, now is the time to consider getting ahead of the trend with a leading franchisor who appeals to a broad market and delivers a profitable franchise business model. When you partner with our fitness brand, you gain personal freedom in a career that allows you to pursue your passion while investing in your financial future.
Get in touch to learn more about franchising with Snap Fitness and why you should consider our fitness franchise opportunity. Have more questions? Check out our FAQ on franchising a gym with Snap Fitness.