FILING · MN · 2026 FDD
Snap Fitness FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Snap Fitness's most recent FDD tracked here is the 2026 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $39,500 |
| ITEM 7 | Total initial investment | $555K–$828K |
| ITEM 3 | Disclosed litigation matters | 9 |
| ITEM 4 | Item 4 bankruptcy disclosure (franchisor, predecessor, affiliate or officer — see filing) | Yes |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $234K (population and period as defined in the filing's Item 19) |
| ITEM 20 | Outlets (fiscal 2025) | 460 franchised at year end · 25 exits (exit rate 5.2%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Auditor's report flags the parent's going-concern doubt — Deloitte & Touche LLP |
The headline figure is Sales per Year for CY2025, for 459 of 460 units, leaving out corporate-owned clubs, clubs opened Jan 1, 2026 or later. The mean is 18% above the median, so a minority of high-volume units pulls the average up. It shows no costs, so it says nothing about what an owner keeps.
Graded on three things the filing states: coverage (2 points if the figure covers at least 75% of the units it is compared with, 1 point for 50–75%), centre (2 points if it prints both a median and a mean, 1 for one of them), and costs (2 points for costs through a profit line or full cost detail, 1 for some cost items). 5–6 points = More complete, 3–4 = Partial, 0–2 = Limited. The grade describes the disclosure, not the business.
| What is measured | Sales per Year (revenue) |
| Period | CY2025 |
| Whose results | Franchised outlets |
| Units included | 459 of 460 U.S. Snap Fitness Clubs as of Dec 31, 2025 |
| Left out |
|
| Average (mean) | $278K |
| Median | $234K |
| Mean vs median | mean 18.4% above median |
| Met or beat the average | 170 (37%) |
| Costs shown | None — sales only |
| Where | p. 48 (Item 19 runs pp. 42–50) |
Deloitte & Touche LLP's report in the 2026 FDD points to the parent company's own statement of substantial doubt about its ability to continue; revenue rose 18% from FY2023 to FY2025.
Deloitte & Touche's report on Snap Fitness, Inc. has an Emphasis of Matter paragraph (p. 77): the parent, Lift Brands, Inc., has stated substantial doubt about its own ability to continue, and its term note is guaranteed by substantially all of Snap Fitness's assets. Opinion not modified.
Revenue · FY2025
$62.4M
p. 81 · matched to statement
Net income · FY2025
$7.6M
p. 81 · matched to statement
Where FY2025 revenue came from
68% royalties
initial-fee share not extracted
- Fiscal years covered: FY2023, FY2024, FY2025 (2026 FDD, statements from p. 81)
- Statements are for: Snap Fitness, Inc. and Subsidiaries
- Parent / owner: not identified in the statements
- The filing says (p. 77): “the term note of Lift Brands, Inc., (the Parent Company), is guaranteed by substantially all of the personal and real property assets held by the Company. The Parent Company, does not have sufficient cash on hand, or other legally binding commitments to repay the outstanding obligations maturing in September 2026 and has stated that substantial doubt exists about its ability to continue as a going concern.”
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenue | $52.8Mp. 81 · matched to statement | $56.8Mp. 81 · matched to statement | $62.4Mp. 81 · matched to statement |
| Royalty revenue | $30.9Mextracted · not cross-checked | $35.8Mextracted · not cross-checked | $42.2Mextracted · not cross-checked |
| Net income (loss) | $5.0Mp. 81 · matched to statement | $7.5Mp. 81 · matched to statement | $7.6Mp. 81 · matched to statement |
| Equity (deficit) at year end | not extracted | $24.1Mp. 80 | $34.6Mp. 80 |
How to read this: royalties recur as long as franchisees trade; initial and development fees arrive only when new franchises are sold. A franchisor whose revenue leans on initial fees is funding itself by selling territories, and that revenue stops when sales slow. Under ASC 606 most franchisors recognize initial fees over the agreement term, so the line understates the cash collected in a strong selling year. Ad-fund revenue, where reported, is included in total revenue as the statements present it.
Each figure links to its page in the filed PDF. “Matched to statement” means our extraction and a second, rule-based read of the statement page agree; “extracted · not cross-checked” means the statement page is a scanned image or could not be read as text. Figures we could not place on a consistent scale are withheld, not guessed. Spotted an error? Report a correction.
Every figure above was extracted by software from the 2026 Snap Fitness FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
Snap Fitness FDD questions, answered
Where can I download the Snap Fitness FDD for free?
Snap Fitness's 2026 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Snap Fitness's most recent FDD on file?
The most recent Snap Fitness FDD tracked here is the 2026 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Snap Fitness's FDD disclose earnings (Item 19)?
Yes — Snap Fitness makes a financial performance representation in Item 19 of its 2026 FDD, reporting a median unit volume of $234K. Read the basis fine print: franchisors choose which units and metrics to include.
What does Snap Fitness's FDD Item 20 show?
In fiscal 2025, Snap Fitness ended with 460 franchised outlets; 25 of 484 open at the start of the year left the system (exit rate 5.2%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The Snap Fitness validation checklist
questions built from this brand's own filings · read them all on the profile
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