Tuesday, September 23, 2008

Snap Fitness

Snap Fitness to open locations in Bangalore, Mumbai

CHANHASSEN, Minn. – Snap Fitness Inc., franchisor of 24-hour, express fitness clubs, will open new clubs in Bangalore and Mumbai. The new clubs will be owned and operated by Force Fitness India Pvt. Ltd., an experienced area developer of fitness franchises in India.
"With people earning more money in India today than ever before, many have an increasing propensity for spending their disposable incomes on ways to look and feel better," said Deepak Lalvani, director of sales for Snap Fitness India. "For many of the workers in call centers and other business services that must work unusual hours, there is great demand for a fitness club such as Snap Fitness that is open twenty-four/seven, and emphasizes fast, convenient and affordable workouts."
Founded in 2003 by CEO Peter Taunton, the Minnesota-based Snap Fitness offers fitness clubs that emphasize fast, convenient and affordable workouts. A typical 2,500-square-foot facility features the same quality equipment as traditional big-box health clubs, but in a smaller, non-intimidating setting and at a fraction of the membership price.
Snap Fitness has more than 1,500 locations across the United States and Canada. Snap Fitness opened 86 new clubs in the second quarter of 2008 and has opened close to 200 new clubs for the year. The company expects to close out the year with over 1,000 locations open with 2,000 markets sold. In addition to the two new club openings in India, Snap is looking to expand internationally throughout Europe, Latin America, the Middle East and Asia, according to the company. Snap Fitness offers month-to-month memberships as opposed to long-term contracts, and allows memberships to be frozen for up to three months a year with no penalty.

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