December 24, 2008 // Franchising.com // Minneapolis, Minn. – Snap Fitness, the world's fastest-growing franchisor of state-of-the-art 24/7 express fitness centers, has been ranked in numerous listings on the 2009 compilation of Entrepreneur magazine's Franchise 500®, including the highly-coveted #1 ranking in the fitness category.
Franchising since 2004, Snap Fitness has grown to nearly 1,700 locations currently operating or under development worldwide. Based on this rapid and strategic growth, Entrepreneur's rankings also highlight Snap Fitness in the following categories: #2 on Top New Franchises for 2009, #5 on Fastest Growing Franchises, #24 on the Franchise 500® and #23 on America's Top Global Franchises, reflecting the company's aggressive expansion into Canada and initial openings in India.
Snap Fitness' success is attributed to a business model that makes its compact, state-of-the-art clubs easy to own, manage and market. Start-up costs range from $71,000 to $242,000, putting it well below the price tag of well-known franchisors in other categories. The ability to manage operations via web-based tools with little need for on-site staffing makes it attractive for entrepreneurs and others seeking opportunities that accommodate semi-absentee ownership. And offering a convenient, low-price alternative to traditional big-box health clubs is a value proposition well-suited for today's health-conscious consumer marketplace.
"The Entrepreneur rankings are both humbling and gratifying," said Snap Fitness CEO and Founder Peter Taunton. "When we launched Snap Fitness, we knew we were on to something that would revolutionize the industry and offer consumers a more affordable and convenient solution to meet their fitness needs. By continuing to put our members and franchise owners first, we will continue to reach for new heights and set new standards in fitness and franchising."
Consistently opening 300-400 new clubs each year, Snap Fitness is seeking single and multi-unit franchise owners to open new fitness centers in strategic markets in the United States, Canada and now in Australia, India and Mexico as well.
Ranked #1 in the fitness category and #2 among Top New Franchises in Entrepreneur Magazine's 2009 Franchise 500®, Snap Fitness (snapfitness.com) is the leading franchisor of 24/7 express fitness centers featuring state-of-the-art equipment and fast get-in, get-out workouts in convenient neighborhood locations. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor has sold nearly 1,700 locations in the United States, Canada and India and is now expanding into Australia and Mexico.