Snap Fitness ACC/566 July 16‚ 2012 David Kochevar Snap Fitness Executive Summary Owning a business is a dream for many people and one way to obtain that dream is to take advantage of a franchise opportunity. Work-out centers are a rapidly growing business. “Economically‚ the health club industry has proven to be recession-proof‚ averaging an 8% annual growth rate since the early 1990’s across all health clubs and gyms”(Snap Fitness‚ 2012). The following paper will reflect
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Why Snap Fitness Is Your Right Choice Starting your own business is a big decision. As you consider options‚ here are four factors that make us a proven business model with a history of success: The Fitness Franchise Opportunity is a Growing Industry Fitness is in. The percentage of people belonging to health clubs and gyms has doubled over the past 20 years. More growth is expected‚ fueled by an aging Baby Boomer generation in search of eternal youth and the reality that regular exercise can
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Snap Fitness Cost Volume Analysis is helpful to managers in decision-making activities such as setting prices‚ determining product mix‚ and maximizing the use of production facilities. (Kimmel‚ Weygandt‚ & Kieso‚ 2009) To begin Cost Volume Analysis of a potential new Snap Fitness site‚ the following data must be considered: (1) total fixed costs‚ (2) incremental variable costs‚ (3) monthly revenue per customer‚ and (4) and desired return on investment. Projected total monthly fixed costs
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Franchise Agreement Contents Clause 1. Introduction 2. Grant 1 3. Development & Opening Obligations 4. Hardware & Software 5. Training & Guidance 6. Trade Marks 7. Relationship & Parties 8. Confidential Information‚ Non-Compete & Data Protection 9. Operating & Franchised Business 10. Marketing 11. Records & Reporting 12. Inspection & Audits 13. Transfer 4 Page FRANCHISE AGREEMENT I. XYZ Ltd (Reg. No…..) whose registered office is at 21 High Street‚ Road ---‚ someplace‚ (‘We) II. ABC Ltd (No…)
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of this trend is gym franchises. With over 1 billion people in the global population being overweight‚ and the still present economic uncertainty leading to longer working hours for most people‚ there is a demand for less rigid opening and closing hours of gyms. Consequently‚ the boom of the 24 hour gym came about. 3C’s Analysis The following section contains an analysis of the company‚ customer and competitors of Snap Fitness. Analysis of the Company
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Snap Fitness Franchise Opportunity ACC561 November 28‚ 2011 Dr. Zeneo Williams‚ Ed. D.‚ CFM Snap Fitness Franchise Opportunity Cost-Volume-Profit Analysis The Cost-Volume-Profit analysis (CVP) for Snap Fitness provides an evaluation of its profits as costs and volume changes. As the owner of a Snap Fitness franchise‚ decisions about selling prices‚ product mix‚ and maximizing the use of the fitness center depends on CVP. A CVP analysis classifies cost as variable and fixed‚ and calculates
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1. a. Franchise for sale up to $20‚000 - Wealth Masters international b. $20‚000 - $50‚000 - telcoinbox c. $50‚000 - $100‚000 - Fast Way Couriers d. $100‚000 - $250‚000 - Raw Energy e. $ 250‚000 - $500‚00 - Sumo Salad f. $500‚000 - Nandos 2. Wealth masters international - doesn’t require business knowledge‚ has a great support systemto help you and empowers poeple to build a successful business. The investment required is $2‚300 - $19‚995. Territory - national/global
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Cost-Volume-Profit and Break-Even Analysis Your Name ACC/561 October 12‚ 2011 Andrea Dixon Cost-Volume-Profit and Break-Even Analysis Snap Fitness Owning a business is an expensive and risky venture‚ but buying a franchise is one way to lower the risk and build confidence in the success of that new business. As a ‘no-frills’ type of fitness center‚ Snap Fitness offers its customers convenient‚ 24-hour access‚ hassle-free work outs without an annual contract. The company offers assistance in
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INTRODUCTION TO FRANCHISE MANAGEMENT DEFINITION : *In simple terms‚ a “franchise” is an agreement between two parties which allows one party i.e. the franchisee‚ to market product or services using the trademark and operating methods of the other party i.e. the franchisor. (bfa) *“A franchise operation is a contractual relationship between the franchisor and franchisee in which the franchisor offers or is obliged to maintain a continuing interest in the business of the franchisee in such areas
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up with Marsh’s childhood friend and health food store owner Arnold Greenberg to sellpure fruit juice as the “Unadulterated Food Products Co.” In 1978‚ they created an apple soda that fizzled - so much that several bottles exploded - inspiring the “snap” in the drink’s eventual name. They bought the rights to the name from a man in Texas for what then seemed like a very expensive price of $500. Over time they established themselves as the “first company to produce a complete line of all-natural beverages
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