Snap Fitness Essay Example for Free

Snap Fitness EssayWhy Snap Fitness Is Your Right Choice Starting your own railway line is a big decision. As you consider options, here are four factors that make us a proven business model with a recital of success The Fitness Franchise Opportunity is a Growing Industry Fitness is in. The dowry of people belonging to health clubs and gyms has doubled everywhere the past 20 years. More growth is expected, fueled by an aging Baby Boomer generation in search of eternal y come out of the closeth and the reality that perpetual exercise can prevent or control diseases that are driving health care costs relentlessly upward. The 24/7 fitness fortune is the newest model of fitness centers today. Economic completely toldy, the health club industry has proven to be recession-proof, averaging an 8% annual growth rate since the early 1990s across all health clubs and gyms. The gym and health club industrys fastest-growing segment is the 24/7 fitness dealership segment and Snap Fit ness is the segments growth-rate leader. Industry Leaders in 24/7 Fitness Franchises pic Our fitness franchise concept enables you to offer customers fast, convenient and affordable workouts in clean, comfortable fitness centers just minutes from their homes 24/7.They enjoy the like quality equipment and workout experience offered in traditional full-service gyms but without the crowded parking lots, long waiting lines and inflated monthly dues. In addition, we lead the way in value-added products and services including personal training, tanning, health and wellness programs and much more, helping members to get the best value for their fitness dollar. Our member-friendly policies lead the health club industry we do not require contracts members constitute month-to-month and whitethorn freeze their gym memberships when not using them.Best of all, members can work out at every one of our thousands of fitness club locations worldwide, day or night. Combine these amenities with ou r round-the-clock safety and security system, including in-club surveillance that can be accessed from your home computer, along with panic-button technology and electronic keycard access, and you amaze a concept unmatched by any of our competitors in the industry. Better Support Systems to Help You get wind Success When evaluating the choices for get-go your own business our space, youll quickly conclude were the easy decision.From the moment you sign your Franchise Agreement, the support, service and training we provide is unparalleled in the health club industry. Our turnkey operational systems enable you to run your club with as little as one employee, allowing you to be your own boss. Our product notice extends well beyond what comparable fitness franchises offer giving you more tools to recruit and retain members and create new revenue streams. Whats more, our financial model favors you over the long run.Like us, another(prenominal) franchisors take care of member billi ng through automated systems. But their monthly fee typically is a percentage of your gist dollar transaction the more successful you are, the higher their fee. In contrast, we charge a nominal flat-fee per transaction. The difference can add up to thousands of dollars over a year. Its your money, why shouldnt you keep it? If you dont like paying higher taxes simply beca hire you work hard to earn more, youll appreciate our franchisee-friendly financial approach. An low-priced Investment picAs outlined in our Franchise Disclosure Document (FDD) a prospectus-like document every franchisor is legally required to provide to potential investors your total investment in a Snap Fitness will range from $76,113 to $361,695. In addition, we have finance options available to help you achieve your goal of starting your own business or growing your existing business. Best of all, our ongoing royalty and marketing fees are a set flat-rate, as opposed to other franchises that charge you a p ercentage of your monthly revenues. For more information, contact us now.A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisors name for a express time, and assistance. For example, the franchisor may provide you with help in finding a location for your outlet initial training and an operating manual and advice on management, marketing, or personnel. The franchisor may provide support through periodic newsletters, a toll-free telephone number, a website, or scheduled workshops or seminars.Buying a franchise may reduce your investment risk by enabling you to associate with an established company. But the franchise fee can be substantial. You also will have other costs for example, you may be required to give up significant control over your business while you take on contractual obligations with the franchisor. Typically, franchise sys tems have several components. Costs In exchange for the right to use the franchisors name and assistance, you will pay some or all of the following fees. Initial Franchise Fee and Other ExpensesYour initial franchise fee, which will range from several thousand dollars to several hundred thousand dollars, may be non-refundable. You may incur significant costs to rent, build, and equip an outlet and to buy initial inventory. You also may have to pay for operating licenses and insurance, and a grand opening fee to the franchisor to promote your new outlet. Continuing Royalty Payments You may have to pay the franchisor royalties based on a percentage of your every week or monthly gross income. Often, you must pay royalties even if your outlet isnt earning significant income.As a rule, you have to pay royalties for the right to use the franchisors name. Even if the franchisor doesnt provide the services they promised, you still may have to pay royalties for the duration of your franchis e accordance. Indeed, even if you voluntarily terminate your franchisee agreement early, you may owe royalties for the remainder of your agreement. Advertising Fees You also may have to pay into an advertising fund. Some portion of the advertising fees may be allocated to internal advertising or to attract new franchise owners, rather than to promote your particular outlet.Controls To ensure uniformity, franchisors usually control how franchisees conduct business. These controls may significantly keep your king to exercise your own business judgment. Here are a few examples. Site Approval Many franchisors pre-approve sites for outlets, which, in turn, may add the likelihood that your outlet will attract customers. At the same time, the franchisor may not approve the site youve selected. Design or Appearance Standards Franchisors may inflict stick out or appearance standards to ensure a uniform look among the various outlets.Some franchisors require periodic renovations or sea sonal design changes complying with these standards may increase your costs. Restrictions on Goods and Services You Sell Franchisors may restrict the goods and services you sell. For example, if you own a restaurant franchise, you may not be able to make any changes to your menu. If you own an automobile transmission repair franchise, you may not be able to perform other types of automotive work, like brake or galvanic system repairs.Restrictions on Method of Operation Franchisors may require that you operate in a particular way they may dictate hours pre-approve signs, employee uniforms, and advertisements or pauperism that you use certain accounting or bookkeeping procedures. In some cases, the franchisor may require that you sell goods or services at specific prices, curtail your ability to offer discounts, or that you buy supplies only from an approved supplier even if you can buy similar goods elsewhere for less.Restrictions on Sales airfield A franchisor may limit your bus iness to a specific territory. While territorial restrictions may ensure that you will not compete with other franchisees for the same customers, they also could hurt your ability to open additional outlets or to move to a more profitable location. In addition, a franchisor may limit your ability to have your own website, which could restrict your ability to have online customers.Moreover, the franchisor itself may have the right to offer goods or services in your sales area through its own website or through catalogs or telemarketing campaigns. Terminations and renewal You can lose the right to your franchise if you breach the franchise contract. Franchise contracts are for a limited time your right to renew is not guaranteed. Franchise Terminations A franchisor can end your franchise agreement for a variety of reasons, including your failure to pay royalties or abide by performance standards and sales restrictions.If your franchise is terminated, you may lose your investment. Rene wals Franchise agreements may run for as long as 20 years. At the end of the contract, the franchisor may decline to renew. Renewals are not automatic, and they may not have the original terms and conditions. Indeed, the franchisor may raise the royalty payments, impose new design standards and sales restrictions, or reduce your territory. Any of these changes may result in more competition from company-owned outlets or other franchisees.