Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
Read 455 articles by Ryan Knoll
Snap Fitness is struggling across the country. The reason why is the CEO’s vision of offering “NO CONTRACTS”. The CEO boasts about how “no contracts” eliminates the barrier of entry; however, it does nothing to eliminate the barrier of exit. Franchisees are faced with a never-ending marketing battle where they just don’t win. The interesting thing is that for each new member the franchisor makes a $5 fee plus a $1 online service fee. There is a huge turnover in customers and the franchisee has an extremely difficult time getting an established customer base. In the colder climates, when the weather warms, the members leave in the droves. One location in Utah went from 900 memberships to only 300 in a matter of months. Some locations, go from doing well to going broke. Apparently, the CEO doesn’t understand the principle of securing the stream of revenue with a contract. Isn’t fitness a lifestyle anyway?
Quote from: Daron on September 07, 2011, 01:03:20 PMI have made a few posts out here regarding franchises or business ideas. I would like to hear some feedback on what types of franchises, business ideas or start ups you think would sur... […]
DKS, I am also in the process of buying a SS franchise. The franchise fee, training and monthly fees have increased alot since you got into SS. How has it been going for you? Any advice about marketing, pricing, etc? THANKS! […]
Quote from: honitel on April 29, 2012, 07:30:09 PMwell you must have the heart of taking care of peopleSenior care industry is become more in demand today. Elderly people deserved to be care the way they wanted to be care ... […]
Quote from: bulldog25 on October 01, 2008, 06:40:08 AMAny good success stories from home based franchisees out there? I am looking for a home based business franchise with initial investment in the 50-75k range. Just looking for a go... […]
Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
Does anyone have any info on SNAP fitness and their religious background and associations?
Snap Fitness is struggling across the country. The reason why is the CEO’s vision of offering “NO CONTRACTS”. The CEO boasts about how “no contracts” eliminates the barrier of entry; however, it does nothing to eliminate the barrier of exit. Franchisees are faced with a never-ending marketing battle where they just don’t win. The interesting thing is that for each new member the franchisor makes a $5 fee plus a $1 online service fee. There is a huge turnover in customers and the franchisee has an extremely difficult time getting an established customer base. In the colder climates, when the weather warms, the members leave in the droves. One location in Utah went from 900 memberships to only 300 in a matter of months. Some locations, go from doing well to going broke. Apparently, the CEO doesn’t understand the principle of securing the stream of revenue with a contract. Isn’t fitness a lifestyle anyway?