Snap Fitness FDD Summary
Type of Business
The franchise offered is a SNAP FITNESS® Club (“Club”) featuring state-of-the-art exercise equipment and 24-hour keycard access for members.
We are a Minnesota corporation incorporated on October 9, 2003. We initially were formed under the name AFC24 Hour Fitness, Inc., and changed our name to Snap Fitness, Inc. We currently do business only under our corporate name and under the trade name SNAP FITNESS®. Our principal place of business is 2411 Galpin Court, Suite 110, Chanhassen, MN 55317. Our agents for service of process are disclosed in Exhibit A to this Disclosure Document. We have been offering franchises described in this disclosure document since March 2004. We have never offered franchises in any other line of business. We have no predecessors.
The total investment necessary to begin operation of a single Club ranges from $76,113 to $361,695. This includes $50,810 to $79,295 that must be paid to the franchisor or an affiliate.