It’s a very exciting time for Snap Nation! I’m proud to announce that Snap Fitness has signed a master development agreement for the United Kingdom with TwentyTwoYards Ltd. This group plans to open 200 locations over the next four years. The UK isn’t the only place we’re expanding; our Indian franchise partner has plans to bring 300 new clubs to the second most-populous country in the world.
Since selling its first franchise in 2009, Snap Fitness India has expanded rapidly with 50 clubs open or in development. Snap Fitness India CEO Dr. Virkam B.M. announced plans of opening 300 additional clubs by the end of 2017. The company, which is pursuing new locations in cities including Delhi-NCR, Bangalore, Raipur and Kolkata, was recently named “Franchisor of the Year” at the Franchise Awards 2014, India’s topmost honor in franchising. Snap Fitness India is also looking at an initial public offering once it reaches 100 clubs.
With a total of 500 clubs opening over the next four years in the UK and India, Snap Fitness is expecting to increase its number of clubs 25 percent. The importance of living a healthy and active lifestyle transcends cultures. Our entire team is thrilled with this news and can’t wait to bring our 24/7 fitness concept to new communities and make a difference in people’s lives.