Snap Fitness is proud to be the first health and fitness franchise system in Australia to be awarded a five star rating for high performance on the Australian Franchise Rating Scale.
The FRANdata Franchise Rating Scale is an independent firm that identifies and assesses strong performance and business transparency. Snap Fitness received the top ranking after exhibiting a high level of transparency and franchise success in an objective and fact-based review across seven key criteria:
– System efficiency
– Franchisee monetary efficiency
– Franchisee engagement and satisfaction
– Franchisor coaching and help
– Franchisor monetary efficiency
– Lender relations
– Compliance and assurance
CEO of FRANdata Darryn AcAuliffe gave praise to Snap Fitness for the award, saying:
“The review team was particularly impressed with the internal data collection and reporting capabilities which enabled the effective monitoring of franchise performance and early warning signs where additional support may be warranted.”
“Snap Fitness also evidenced a strong commitment to the measurement and ongoing monitoring of franchisee satisfaction. These factors coupled with a disciplined recruitment program have contributed strongly to a very low churn rate across the network.”
“It will be no surprise there will be a heightened interest in Snap Fitness from the lending community, particularly given a Franchise Underwriting Report has also been completed, categorising Snap as having a ‘low default risk’.”
Chris Caldwell, CEO of Snap Fitness, believes that the company’s ability to innovate has allowed it to stay ahead of the competition. “We continue to work hard to ensure our franchise model is nimble, adaptive and forward thinking and it is a standard we are committed to serve well into the future.” – Chris Caldwell