Verified — real FDD extraction
SBA-eligible · directory code S1592 since 2017
Snap Fitness Club
Fitness · independent · est. —
Snap Fitness is a 24-hour access gym franchise with clubs built around cardio, strength training, and functional fitness zones. A franchisee builds out and operates a fitness club with a small staff, selling recurring memberships and training services to a broad local member base.
Snap Fitness Club net unit count declined -10.0% from 2023–2025 per its FDD Item 20.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).
The verdict
Showing strain
Distress
The franchisor's own audited financials carry going-concern language — its auditor has doubts about its survival. Fundamentals cannot out-rank that.
Exit rate · latest year
5.2%
vs 3.8% across 34 fitness systems
Cost to open
$555K–$828K
Item 7 total investment range
SBA loan defaults
11.4%
vs 14.8% avg across rated brands
Behind the verdict
the record, factor by factor · Item 20
3-yr trend · Item 20 Table 1
terminations + ceased-ops vs. all exits · Table 3
transfers vs. base · Table 3
actual vs. projected openings · Table 5
Item 19 disclosure + completeness
Systemwide units
2023–2025
Survival record
FDD Item 20 · outlet status by year
In fiscal 2025, 25 of 484 franchised outlets left the system — a 5.2% annualized exit rate, vs 3.8% across 34 fitness systems. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 559 | 520 | 493 |
| Opened | 2 | 6 | 1 |
| Transfers | 33 | 31 | 19 |
| Terminations | 0 | 1 | 0 |
| Non-renewals | 20 | 21 | 13 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 19 | 10 | 12 |
| Outlets at end | 520 | 493 | 468 |
| Net change | -39 | -27 | -25 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 327 SBA-backed loans to Snap Fitness Club franchisees since 2005. Of the 237 that have resolved, 11.4% were charged off (defaulted) rather than paid in full, versus 14.8% across 576 rated brands.
11.4%
27 of 237 resolved defaulted
62.3%
avg. charged-off $ ÷ approved $
7.1%
default rate × loss severity
$229,815
what recent franchisees borrowed
53 mo
approval → charge-off, defaulted loans
22 vs 48
distinct banks — pulling back
Charge-off rate by loan approval year (%)
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO SNAP FITNESS CLUB BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
The owner's side of the deal
FDD × federal loan record
A typical Snap Fitness Club buyer since 2020 borrowed $230K through SBA — about $30K a year in debt service. Against the brand's own disclosed median unit revenue of $234K, that is 13.0% of every dollar the store takes in — before rent, payroll, food, or royalty.
Who finances it
the Huntington National Bank
5.9% of this brand's loans
That lender charges off 10.1% of its loans to other franchise brands, vs 14.8% nationally.
Who buys it
58.6%
first-time franchise owners
The rest already owned at least one other franchise. Across the corpus, brands bought mostly by repeat operators charge off at roughly 10% versus 17% for brands sold mostly to newcomers.
Does experience help here?
−10.9pp
multi-unit vs single-unit owners
Owners of multiple units default at 4.1%; single-unit owners at 15.0%.
Computed from 327 SBA 7(a)/504 loans to Snap Fitness Club franchisees joined to the brand's own FDD. Debt service assumes level amortization at the average disclosed term and rate. A lender's rate excludes its loans to this brand, so it reads the lender, not the brand.
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
Buying in means a $40K franchise fee (Item 5) and a total investment of $555K–$828K (Item 7). The franchisor publishes an earnings claim (Item 19) — read its methodology closely.
To open (Item 7)
$555K–$828K
all-in investment range
Franchise fee (Item 5)
$40K
upfront, one-time
Royalty (Item 6)
—
of sales, ongoing
Your figure — cross-check against this brand's Item 19 and current-owner validation.
Royalty you'd pay / yr
$0
0% of sales, before profit
Over a 10-yr term
$0
royalties alone, excl. ad fund
This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.
Build a real pro-forma for Snap Fitness Club with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
Modeled from the public record, this brand sits mid-pack: riskier than 73% of systems we score.
Risk percentile
73 / 100
Loan-corroborated
Modeled SBA charge-off
16.1%
Observed SBA charge-off
11.4%
Top drivers: Non-clean audit opinion (raises) · Share financed by high-loss lenders (lowers) · System size (log units) (lowers) · Single-lender dependence (raises). 15+ resolved loans stand behind this estimate. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.
Distress signals
news-sourced · bankruptcies, closures, lawsuits
No recent closures, bankruptcies, or major lawsuits found in the news for Snap Fitness Club. That's a good sign — but it reflects news coverage, not a guarantee.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Snap Fitness Club's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →Snap Fitness Club franchise questions, answered from the filings
What percentage of Snap Fitness Club franchises closed last year?
In Snap Fitness Club's latest FDD Item 20 (fiscal 2025), 25 of 484 franchised outlets left the system — an annualized exit rate of 5.2% — compared with 3.8% across 34 fitness systems tracked here. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.
How much does a Snap Fitness Club franchise cost?
Per Snap Fitness Club's 2026 FDD, buying in requires an initial franchise fee of $40K (Item 5) and a total initial investment of $555K–$828K (Item 7).
Does Snap Fitness Club disclose earnings (Item 19)?
Yes — Snap Fitness Club makes a financial performance representation in Item 19 of its 2026 FDD, reporting a median unit volume of $234K. Read it closely: franchisors choose which units and which metrics to include.
How often do SBA loans for Snap Fitness Club franchises default?
Across 327 SBA-backed loans to Snap Fitness Club franchisees since 2005, 27 of the 237 that have resolved were charged off — a 11.4% default rate, versus about 14.8% across all rated franchise brands. This is the lender's-eye view of franchisee failure, drawn from public SBA 7(a)/504 FOIA data and independent of the franchisor's own disclosures.