Snap Fitness, Inc.
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Snap Fitness, Inc. - overview
Established
2003
Location
-, MN, US
Primary Industry
Travel & Leisure
About
Snap Fitness, Inc. , based in the US, operates a global network of fitness facilities offering 24/7 access, personal training, and a diverse range of exercise equipment for health-conscious individuals. Founded in 2003 in Chanhassen, US, Snap Fitness specializes in providing accessible gym services. The company has received funding with the most recent investment occurring in January 2014, backed by TZP Capital Partners.
Eric Tarr and Srujan Jay are the founders, while Amanda Egli serves as CEO. Snap Fitness has engaged in 2 funding deals. Snap Fitness specializes in providing 24/7 gym access with a focus on community fitness, personal training, and a diverse range of exercise equipment. Their core offerings include membership options structured around monthly contracts, allowing flexibility and ease of access to fitness facilities worldwide.
Snap Fitness aims to address the growing demand for convenient fitness solutions, catering to health-conscious individuals and fitness enthusiasts across various demographics, including corporate clients who value employee wellness. The company operates internationally, ensuring a widespread reach that accommodates varying cultural and fitness needs. Snap Fitness generates revenue primarily through membership subscriptions, offering clients ongoing access to gym facilities and services. Their membership structure caters to individual clients and corporate partnerships, enabling businesses to provide fitness benefits to employees.
Additionally, personal training sessions contribute as an extra revenue stream. Pricing plans are designed to ensure competitive rates for services, facilitating customer loyalty and ongoing gym engagement. The integration of fitness programs utilizing health savings accounts (HSA) and flexible spending accounts (FSA) further enhances affordability for clients, positively impacting the company's revenue model. Snap Fitness aims to leverage the investment made in January 2014 to support its growth initiatives by exploring new markets for expansion.
The company is actively designing new products and services to enhance its offerings but specific details on release dates are not yet available. Currently, Snap Fitness is focusing on expanding its presence in various international markets to reach a broader audience.
Current Investors
TZP Group
Primary Industry
Travel & Leisure
Sub Industries
Fitness & Wellness Facilities
Website
www.snapfitness.com
Total Amount Raised
Subscriber access only
Snap Fitness, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Snap Fitness, Inc. | - | ||||||||
| Add-on | Completed | Kosama Complete Body Transformation | - | ||||||||
| Growth | Completed | Snap Fitness, Inc. | - |
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