Growth is a 'snap' for fastest growing fitness franchise
November 06, 2009 // Franchising.com // Chanhassen, Minn - Snap Fitness, the fast growing franchise system featuring compact, state-of-the-art fitness centers has 'muscled' its way to the top of the Minneapolis/St.Paul Business Journal's "Fast 50".
Unveiled on October 22, Snap Fitness leads the list fastest-growing private companies in Minnesota with a growth rate of 638 percent since 2006 and 2008 revenue of nearly $32 million.
"We are truly honored to be recognized as the fastest growing company in our home state," said Peter Taunton, Founder and CEO of Snap Fitness. "We look forward to building on our continued success and growing worldwide in 2010."
Launched in 2003, Snap Fitness offers members a fast and convenient workout alternative to traditional "big box" health clubs, including access 24 hours a day, seven days a week and the industry's best equipment, allowing members to get the same quality workout experience at a lower cost and with no contracts.
"Our more than 400,000 satisfied members, combined with our triple-digit revenue growth, proves we're honed in to what consumers want and expect from their fitness program," Taunton added.
Today, Snap Fitness has nearly 2,000 locations open or under development worldwide and consistently opens 300-400 new clubs each year. Company plans call for a total of 2,500-3,000 centers within the next five years. In addition to being in nearly every state, Snap Fitness also operates clubs in Canada, India and Mexico, and recently launched its expansion into Australia and New Zealand.
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 1,800 locations sold nationwide 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 and world wide.