Snap Fitness Club
Snap Fitness franchises operate 24/7 fitness clubs offering members keycard access, group fitness classes, personal training, and advanced fitness technologies with high-quality equipment. The business model centers on franchisees developing and running these compact gyms under strict brand standards, including automated billing and proprietary operations, in a competitive fitness industry. They target individuals seeking convenient, affordable, round-the-clock workout options, competing with other gyms, chains, and public facilities.
Franchise Costs
$700/mo royalty + $500/mo national marketing + $400/mo technology + $546/mo insurance
Financial Performance
Item 19 Financial Performance
Data Based On: Historical performance of 479 Franchised Clubs for 2024 and 2023.
* Average gross revenue, median gross revenue, revenue top quartile, and revenue bottom quartile extracted directly from 'Franchised Clubs – Sales and Memberships by Quartile for 2024' (Table A on page 6). No specific net income, net profit, or EBITDA data was provided for franchised clubs. Best guess profit range is estimated using the average gross revenue for franchised clubs ($250,461) and the range of Operating Income margins observed in the 'Corporate Owned Snap Fitness Clubs' financial statements for 2024 (Table A on page 2). The lowest corporate operating income margin (Bottom Third Average) was 5%, and the highest (Top Third Average) was 28%. This proxy is used because Note 7 (page 5) states that corporate fees were adjusted to reflect royalty, national marketing, and technology fees that a franchisee would incur. Therefore, best_guess_profit_low = $250,461 * 0.05 = $12,523, and best_guess_profit_high = $250,461 * 0.28 = $70,129.
Extracted Item 19 Section
How Snap Fitness Club Compares
Key Insights
- Top 10 largest franchise system in Fitness Studios
- Lower than average SBA loan default rate in Fitness Studios
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Snap Fitness Club Current | $431K – $1.1M | $40K | N/A | 484 |
| Planet Fitness | $1.5M – $5.2M | $20K | 7.0% | 2,298 |
| ANYTIME FITNESS | $459K – $908K | $43K | N/A | 2,290 |
| F45 Training | $349K – $786K | $60K | 7.0% | 751 |
| Pure Barre | $314K – $629K | $60K | 7.0% | 617 |
| HOTWORX | $259K – $878K | $20K | N/A | 578 |
Fitness Studios Average 55 franchises | $425K – $1.0M | $47K | 6.9% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+32 more states
SBA Loan History
Historical SBA 7(a) loan data for Snap Fitness Club franchisees (2010 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
486 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
486 Contacts Available
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Due Diligence
Litigation (Item 3)
Primarily non-compete, confidentiality, and trademark enforcement against former franchisees; franchisee claims alleging breach due to inadequate club management software and ransomware vulnerabilities.
Bankruptcy (Item 4)
GGI Holdings, LLC filed Chapter 11 on May 4, 2020 (confirmed August 26, 2020). Paul Early, Snap Fitness Chief Administrative Officer, was Chief Administration Officer at affiliate Gold’s Gym International, Inc. at the time.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Snap Fitness Club franchise ranges from $430,800 to $1,118,100. This includes a franchise fee of $39,500.
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