New boost for Snap Fitness franchise network

A major player in the health and wellness sector, Snap Fitness, is ready for spreading its wings even further. With large scale expansion on mind, the brand has taken on investment from TZP Capital Partners II, L.P. ("TZP")- a private equity fund focused on investments in the U.S. The move is touted to provide an impetus to Snap Fitness’ growing franchise network.

Peter Taunton, Founder, President and CEO, Snap Fitness, said, “With more than a million members in 15 countries and 20-25 new clubs added monthly, we feel confident that the future of health and wellness will be driven by no-contract, 24/7 programs like ours—programs that balance best-in-class fitness products with cutting-edge nutritional consultation while offering guaranteed results. This is an exciting time for us.”

The company has created its niche in 15 countries with around 2,000 clubs being owned by the company and its franchisees. The firm’s President said that the strategy of providing finance to aspiring franchise partners would always be followed by them.

Samuel L. Katz., Managing Partner, TZP, said, “With an extremely strong management team led by Peter and our significant expertise in helping to grow multiple franchise brands, we believe we can build on Snap's strong foundation of high quality, targeted fitness concepts that provide franchisees with a compelling reason to be independent business owners within the Snap Fitness system.”