Snap Fitness Sells 1,000th Fitness CenterSnap Fitness
CONTACT: Patrick Strait, Snap Fitness, 952-426-7173
Snap Fitness Sells 1,000th Fitness Center
Rapid-growth franchisor will expand to Canada in Sept. 2007
CHANHASSEN, MINN. August 20, 2007 - Minnesota-based Snap Fitness, franchisor of compact, 24/7 fitness centers, today announced the sale of its 1,000th location-a major milestone in the company's explosive expansion. The privately held company expects to end the year with more than 1,200 units plus expansion into Canada. With 430 centers operating in 45 states and 30 to 40 opening each month, Snap is the fastest-growing franchisor of 24/7 "express" fitness centers according to Club Business International, a health club trade publication.
The company says its scaled-down business approach is helping drive a restructuring in the decades-old fitness industry-once more dominated by large, "big box" health clubs.
"Reaching this milestone is proof of the effectiveness of our business model," said Snap's CEO and founder Peter Taunton. "Our emphasis on best-in-class systems, processes and support enables franchisees to achieve success and live their dreams. Our track record of zero stores closed, combined with our triple-digit revenue growth, shows we're doing this better than anyone else."
Since Snap Fitness' inception, not one store location has closed, attributable to robust support systems that activate immediately after franchisees sign on. Site selection, lease negotiation, store build-out and a grand opening promotional campaign ramp up franchisees and help them quickly reach breakeven. A recent study shows 80% of Snap clubs reach 250 members, which for most clubs equates to breakeven, within six months.
About Snap Fitness
Ranked 11th on Entrepreneur Magazine's list of "Top New Franchises" and among Success Magazine's "10 Franchises We Love," Snap Fitness is experiencing phenomenal growth with 1,000 locations sold nationwide and some 30-40 new locations 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. For more information, visit snapfitness.com.
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