Snap Fitness vs Hy-Tech Weight Loss Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Snap Fitness vs Hy-Tech Weight Loss including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Snap Fitness Franchise
Hy-Tech Weight Loss Franchise
Investment $144,798 - $478,762$44,100 - $117,500
Franchise Fee $29,500N/A
Royalty Fee $580/mo.-
Advertising Fee $275/mo.-
Year Founded 20032004
Year Franchised 20042005
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Snap Fitness Franchise
Hy-Tech Weight Loss Franchise
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

 
Snap Fitness Franchise
Hy-Tech Weight Loss Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment Yes/Yes-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Snap Fitness Franchise
Hy-Tech Weight Loss Franchise
Training On-The-Job Training: Ongoing Classroom Training: 30 hours -
Support 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 Templates National Media Regional Advertising Social media SEO Website development Email marketing -
Operations Absentee Ownership Allowed Number of Employees Required to Run: 1-

Expansion Plans

 
Snap Fitness Franchise
Hy-Tech Weight Loss Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion Yes-

Company Overviews

About Snap Fitness

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.

Veteran Incentives  $5,000 off franchise fee

"franchiserankingscom"
#89 on Franchise Rankings.com

"Entrepreneur
#470 in Franchise 500 for 2020.


About Hy-Tech Weight Loss

NO LONGER FRANCHISING