Snap Fitness Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$39,500
Investment required
$529,000 - $1,015,000
Royalty fee
6.00%

Snap Fitness: Revolutionizing the Fitness Industry with 24/7 Access and Superior Training

Based in Chanhassen, Minnesota, Snap Fitness is a private health and fitness club franchise under the ownership of Lift Brands Inc.

Founded in 2003 by Peter Taunton, Snap Fitness provides fitness studios designed for a superior workout experience, offering 24/7 access to functional, cardio, strength, group, and personal training sessions.

The clubs are known for their convenient locations, modern equipment, and supportive community atmosphere. Snap Fitness began franchising in 2004.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount (4,000 - 6,000 Sq. Ft.) Amount (6,000 - 8,000 Sq. Ft.)
Initial Franchise Fee $39,500 - $39,500 $39,500 - $39,500
Build-Out Labor Costs $120,000 - $180,000 $180,000 - $240,000
Leasehold Improvements $80,000 - $210,000 $120,000 - $280,000
Exterior Signage $10,000 - $20,000 $10,000 - $20,000
Furniture and Fixtures $64,405 - $66,341 $66,341 - $74,174
Fitness Equipment $120,000 - $150,000 $150,000 - $180,000
Technology $15,000 - $25,000 $15,000 - $25,000
Grand Opening Marketing $10,200 - $10,200 $10,200 - $10,200
Occupancy (3-mo) $26,564 - $36,526 $36,526 - $53,129
Lease Deposits $8,855 - $12,175 $12,175 - $17,710
Insurance (3-mo) $1,233 - $1,362 $1,233 - $1,362
Travel and Training Expenses $3,000 - $3,500 $3,000 - $3,500
Professional Fees $5,000 - $20,000 $5,000 - $20,000
Additional Funds $25,000 - $50,000 $25,000 - $50,000
TOTAL $528,757 - $824,604 $673,975 - $1,014,575

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Number of units

2023
Franchised units

629

585

547

Company-owned units

28

22

12

Total units

657

607

559

Franchise Disclosure Document

Training 

Snap Fitness provides a mandatory initial training program for at least two members of the franchisee's team, including the general manager. This program, essential for running a Snap Fitness franchise, spans three days and must be completed to the franchisor's satisfaction. The training covers a range of crucial topics:

  • Individual Marketing and Brand Strategy: 4 hours of classroom instruction
  • Sales Process Application: Detailed training on effective sales techniques
  • Operations: Comprehensive coverage of business planning, leadership, staffing, onboarding, membership sales, systems, personal training, and more

Additionally, the program includes competitive marketplace analysis, lead generation and marketing processes, sales techniques, personal training, club culture development, member retention strategies, and software training.

Territory Protection

Snap Fitness offers some level of territorial protection to its franchisees; however, it is not absolute. There are notable exceptions that permit the franchisor and its affiliates to operate within the franchisee's Designated Area under specific conditions.

This means that while franchisees have certain exclusive rights within their designated territory, the franchisor retains the flexibility to pursue additional business opportunities that may overlap with the franchisee's area. Franchisees should carefully review the terms and conditions outlined in the franchise agreement to fully understand the scope and limitations of their territorial rights.

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