This is the 2020 Snap Fitness Franchise Disclosure Document (FDD). It is a PDF document available for immediate download upon purchase.
“The franchise offered is a SNAP FITNESS Club (“Club”), which offers 24/7 gym access to members as well as group fitness and personal training, using advanced fitness technologies and high quality fitness equipment. The total investment necessary to begin operation of a single Club ranges from $144,798 to $478,762. This includes $72,887 to $105,556 that must be paid to the franchisor or an affiliate. This disclosure document summarizes certain provisions of your franchise agreement and other info …”
-Snap Fitness FDD, Jul 2020
What is in the Snap Fitness 2020 Franchise Disclosure Document (FDD)?
The United States Federal Trade Commission requires all franchisors who sell franchises in the USA to compile an FDD each year which covers 23 key items of disclosure about the franchise opportunity. The FDD is written in a federally mandated format that is standardized for all franchises, must be presented in easily understood language, and typically is 100+ pages in length. This document is required to be given to a prospective franchisee before the franchise agreement is signed or any money changes hands. This document is extremely useful to anyone who is researching the history, inner workings, and other critical information and disclosures about the franchise system.