New club openings jump starts Snap's International expansion
CHANHASSEN, Minn., July 24 /PRNewswire/ -- Snap Fitness, Inc., the rapidly growing franchisor of compact, 24/7 express fitness clubs, today announced it will open new clubs in Bangalore and Mumbai, India. The new clubs will be owned and operated by Force Fitness India Pvt. Ltd., an experienced area developer of fitness franchises in India.
"With people earning more money in India today than ever before, many have an increasing propensity for spending their disposable incomes on ways to look and feel better," said Deepak Lalvani, Director-Sales Snap Fitness India. "For many of the workers in call centers and other business services that must work unusual hours, there is great demand for a fitness club such as Snap Fitness that is open 24/7, and emphasizes fast, convenient and affordable workouts."
Founded in 2003 by CEO Peter Taunton, Snap Fitness offers fitness clubs that emphasize fast, convenient and affordable workouts. A typical 2,500-square-foot facility features the same quality equipment as traditional big-box health clubs, but in a smaller, non-intimidating setting and at a fraction of the membership price.
Snap Fitness is experiencing phenomenal growth with more than 1,500 locations across the United States and Canada. Snap Fitness opened 86 new clubs in the second quarter of 2008, has opened close to 200 new clubs for the year. The company expects to close out the year with over 1000 locations open with 2000 markets sold. In addition to the two new club openings in India, Snap is looking to expand internationally throughout Europe, Latin America, the Middle East and Asia.
The company is the leader in promoting member-friendly policies and value-added benefits. It offers month-to-month memberships as opposed to long-term contracts, and allows memberships to be frozen for up to three months a year with no penalty. In addition, the company provides members with a host of products and services, such as an Online Health Assessment and customized supplements, designed to give members better results and more value for their money.
"We are excited about the Force Fitness group joining the Snap Fitness team, and even more excited to expand Snap Fitness on an international level into India," said Taunton. "People all over the world are becoming increasingly aware that health and fitness is a necessity as opposed to a luxury. We are looking forward to fast growth in India and throughout the Middle East, and plan to open 250 new clubs within the next five years internationally."
About Snap Fitness, Inc.
Fresh off its #3 ranking on Entrepreneur Magazine's list of Top New Franchises and recently ranked #1 on Franchise Market's Top 100 New Franchises, Snap Fitness (snapfitness.com) is experiencing phenomenal growth with more than 1,500 locations sold nationwide, newly-opened locations in Canada 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.
SOURCE Snap Fitness, Inc.
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