SNAP FITNESS

Franchise agreement

Unless we otherwise agree in writing, you must adopt our financial and operational reporting chart of accounts format, as set forth in the Manual or as otherwise furnished to you.

Item 11

We may independently access from a remote location, at any time, all information (including member information) input to and compiled by In Club Technology (including video surveillance equipment) or an off-site server.

Franchise agreement

You must provide the following reports, in the form we prescribe: (i) by the twentieth (20th) day of each calendar month, a profit and loss statement for the Club, certified by you; and (ii) within one hundred and twenty (120) days after the end of your financial year, a financial year-end profit and loss statement…

Item 8

Except for these items and the SAPP insurance program, described below, neither we nor our affiliates currently are approved suppliers for any products or services.

Item 11

We have established a Franchise Advisory Council (the “FAC”).

Item 8

We may revise the Approved Suppliers List and Approved Supplies List from time to time.

Item 8

During our fiscal year ended December 31, 2024, we and our affiliates derived approximately $7,060,000 in revenue from the sale of goods or services to our franchisees worldwide, which amount represented approximately 12.43% of our total revenues of $56,793,000 for that period.

Item 8

We and our affiliates also have arrangements with certain suppliers whereby we or our affiliate receive rebates from franchisee purchases or leases, which may be a fixed amount per transaction or percentage and could range from 2% to 60%.

Item 8

over 90% of the ongoing costs that you will need to operate the business (excluding franchise fees and royalties and other non-goods expenditures)

Item 8

You must pay the reasonable cost of the inspection and evaluation and the actual cost of the test.

Item 8

if you wish to purchase any products or services for which we have established approved suppliers from an unapproved supplier, you may request our consent in writing.

Franchise agreement

Upon termination or expiration of this Agreement, we will have the option (but not the obligation) to do any or all of the following: (i) assume your Lease for the Club premises; (ii) assume all telephone numbers used in connection with the operation of the Club;

Item 15

We may request that you are present at the Club for any inspection or evaluation we conduct.

Franchise agreement

We may revise the Manual and these standards and systems periodically to meet changing conditions of operation and we will send out system newsletters and bulletins from time to time.

Franchise agreement

You must operate the Club only at the location identified, or to be identified on the Summary Page (the “Authorized Location”).

Franchise agreement

You must remit to us $10,500 at least ninety (90) days prior to the projected opening date to conduct an initial promotional campaign in accordance with our standards and specifications.

Item 11

You must spend a minimum of $4,800 per year (an average of $400 per month) on local advertising.

Franchise agreement

You further agree to comply with all required System specifications, standards and operating procedures (whether contained in the Manual or any other written communication from us) relating to the appearance, function, cleanliness, operation, and promotion of a SNAP FITNESS Club including, without limitation (i)…

Item 11

If we establish a Cooperative in your area, you must participate in the Cooperative and its programs, execute any participating documents we require and abide by its bylaws.

Item 8

You may use in the operation of the Club only the proprietary or non-proprietary equipment that we specify and must purchase and lease all equipment that we designate (including the security system and In Club Technology from our approved suppliers).

Franchise agreement

You must purchase or lease all equipment we designate (including the security and door access system, digital media and In Club Technology described below) from our approved suppliers.

Item 8

Zappy Limited (trading as Glofox) is currently the supplier for club management software and Stripe is currently the Payment Processor (via Glofox).

Franchise agreement

You must make payments to us and our affiliates by electronic funds transfer or such alternative methods as we may designate.

Franchise agreement

You must purchase and use any technology system that we develop or select for the Club or System, including all future updates, changes, supplements, and modifications (“In Club Technology”).

Item 11

We may independently access from a remote location, at any time, all information (including member information) input to and compiled by In Club Technology (including video surveillance equipment) or an off-site server.

Item 11

Periodically, we may offer additional training programs and we may charge a fee for attending these training programs.

Franchise agreement

Unless we approve otherwise, you and your manager must attend all quarterly sales and operations meetings and annual franchise summits we may hold or sponsor, and we reserve the right to charge you a fee to attend any franchise summit or meeting we hold or sponsor.