|
Below is an in-depth analysis and side-by-side comparison of Lite For Life vs Snap Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $55,500 - $122,700 | $144,798 - $478,762 |
Franchise Fee | $20,000 | $29,500 |
Royalty Fee | 5% | $580/mo. |
Advertising Fee | - | $275/mo. |
Year Founded | 1978 | 2003 |
Year Franchised | 2003 | 2004 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | $1K | - |
Business Experience Requirements |
||
Experience | - | "What I want is somebody who is a fitness nut: a personal trainer, somebody who comes from running a health club themselves. The economics of it are second to me." - Joey Aunan, franchise development director |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | Yes/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | On-The-Job Training: Ongoing Classroom Training: 30 hours |
Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
0% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 1 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
Lite for Life is a weight loss company that is different from all the others. The difference is right in our name: Lite for Life.
Our program has been designed for long lasting results. Because at the end of the day, the challenge is not just to lose weight, but to keep it off so you will feel better and enjoy your life more.
Our company began with one woman with a powerful sweet tooth and a weight problem to match. She tried every program and every product but nothing gave her the results she was seeking.
Lite for Life is a weight loss company that is different from all the others. The difference is right in our name: Lite for Life.
Our program has been designed for long lasting results. Because at the end of the day, the challenge is not just to lose weight, but to keep it off so you will feel better and enjoy your life more.
Our company began with one woman with a powerful sweet tooth and a weight problem to match. She tried every program and every product but nothing gave her the results she was seeking.
Her name is Maureen Sullivan, the founder of Lite for Life. Her frustration with the available methods of losing weight lead her to the work of a pioneering physician named Seale Harris. Dr. Harris performed studies on blood sugar and he concluded that the key to long-term weight loss was learning to eat in a way that stabilized blood sugar. Dr. Harris found that if blood sugar levels were kept in a stable range, that cravings disappeared and that it was actually easy to reach and maintain an optimal weight.
After studying the work of Dr. Harris, all the pieces came together and Maureen Sullivan knew what she had to do. She created a weight loss company based on the work of Seale Harris. That company is Lite for Life.
The company currently distributes its programs and products from 14 locations; we are expanding nationwide from our Northern California base. The Lite for Life program recognizes that nothing builds motivation for success better than personal support and counseling. Our centers are conveniently located so you can visit your counselor as much as you need to get the results you want.
Thanks for your interest in owning a Snap Fitness franchise. If you are looking for a proven, affordable and trail-blazing concept in a growing industry, you've come to the right place!
Today more than ever, people know it's important to be fit. Their challenge is squeezing exercise into busy lives. With Snap Fitness, you provide the solution, bringing fast, convenient and affordable workouts into their neighborhoods - minutes from their doorsteps - with your own compact, 24/7 state-of-the-art fitness center.
The Industry's Fastest-Growing Fitness Franchisor
Our first club opened in 2004. Today, with more than 1,500 sold in the United States and Canada, we rank #1 on Franchise Market Magazine's Top 100 New Franchises* and #3 among Entrepreneur Magazine's Top New Franchises**.
A Snap Fitness franchise is easy to afford, easy to manage - 70% of our franchisees are absentee owners - and easy to market.
As important, you'll find us to be trustworthy partners. Our success is driven by a single-minded focus to make YOU successful and Christian principles that guide us to treat everyone with dignity, respect and fairness.
Take Your First Step Towards Freedom and Fulfillment
We invite you to take a close look at us as an opportunity to turn wellness into wealth and to live your dream with a degree of freedom and flexibility not possible in the traditional work world.
We stand ready to help you determine if a Snap Fitness franchise is right for you. You can contact a sales consultant right now. Thanks again for stopping by, and - be well.