Snap Fitness to launch in Bangalore, Mumbai
Chanhassen, MN – Snap Fitness Inc., a health-club chain based in Minneapolis, recently announced that it will open two fitness centres in Bangalore and Mumbai later this year.
Force Fitness India Pvt. Ltd., described by Snap as an “experienced area developer of fitness franchises in India,” will own and operate the facilities. It will pay Snap Fitness an annual royalty. India represents the first venture outside North America for Snap which currently has more than 1,500 locations in the United States and Canada.
Snap Fit¬ness offers fitness clubs that emphasize fast, convenient and affordable workouts. The typical location covers about 2,500 square feet, is open 24-hours. The Bangalore facility will be about 2,500 square Snap Fitness is targeting Indians living in urban areas who are interested in improving their health and wellness — and those who have money to burn. “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, Snap Fitness India sales director. “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 that is open 24/7, and emphasizes fast, convenient and affordable workouts.”
The chain has added nearly 200 locations in 2008 and expects to finish the year with more than 1,000 new locations and over 2,000 markets sold. Internationally, Snap Fitness is looking to open additional clubs in India and enter Europe, Latin America, the Middle East and Asia.
The chain’s rapid growth hasn’t gone unnoticed in the franchising industry – Entrepreneur magazine ranked the company number three on its 2008 list of the top new franchises while Franchise Market ranked it number one on its annual list of the Top 100 New Franchises.
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