January 11, 2011 // Franchising.com // CHANHASSEN, MN – Snap Fitness, the world's fastest growing franchisor of compact, state-of-the-art fitness centers, has been named one of the top 500 franchises in the United States, ranking No. 33 in Entrepreneur Magazine's Franchise 500®, No. 27 in Fastest-Growing franchises and No. 31 in America's Top Global Franchises.
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. The most important factors include financial strength and stability, growth rate and size of the system.
"Despite the current economic conditions, the fitness industry is thriving and we have proven to have the right business model to guide our franchise system towards success," said Peter Taunton, Founder and CEO of Snap Fitness. "Our ability to present our franchise owners with an easy to manage franchise opportunity and members with an affordable and convenient work out option is a testament to what set us apart from the competition."
While Snap Fitness offers the same quality equipment as traditional health clubs, the booming brand is setting industry standards by focusing on complete member wellness and providing a host of products and services designed to give members better results and more value for their money. By scaling down in size and eliminating unnecessary amenities such as swimming pools and racquetball courts, Snap Fitness offers customers a quality, affordable workout with strong emphasis on customer service and convenience.
Having opened its first franchise in 2004, Snap Fitness is the fastest franchise system to reach 1,000 club openings in such a short period of time. Today, Snap Fitness operates clubs throughout the United States, Canada, Mexico, India, Australia and New Zealand, with additional clubs currently being developed in the United Kingdom.
In addition, Snap Fitness has also recently launched easyFIT, a personal wellness program that helps users achieve their fitness goals and better results. The easyFIT device is used to track people's physical activity and calories burned, allowing them to then download the information to their computer.
With a focus on providing members with fast, convenient and affordable workouts in clean, comfortable locations that are close to home, Snap Fitness (snapfitness.com) is experiencing phenomenal growth with roughly 2,200 locations sold worldwide and some 20-30 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor is dedicated to providing members with more value than any other health club. For more information, please visit www.snapfitness.com.