Snap Fitness targets Tasmania for new business
Twenty clubs within five years, that’s the target for Snap Fitness as it brings a new local club network to Tasmania.
Snap Fitness APAC CEO Ty Menzies said Tasmania’s economic growth trajectory makes 2020 the perfect time for the brand to move into the Apple Isle, and for Tassie locals to take the step of running their own gym.
“With strong economic growth, an upwards trend in employment and one of the country’s highest long-term survival rates for business, it’s a great time to do business in Tassie,” said Menzies.
Last year saw Tasmania lead the nation’s economic growth for the first time on record, with the Australian Bureau of Statistics revealing the state’s economy grew at almost double the rate of the national average.
Snap Fitness expanding into Tasmania
Snap Fitness initially will focus on building up to 10 sites in Hobart before expanding into Launceston and securing sites right across the state.
“We’re in the process of securing some great sites in Hobart and now we’re looking for passionate fitness enthusiasts to join the team as franchisees,” said Menzies.
“Australia’s health and fitness sector is booming and is forecasted for continual revenue growth in the coming years, offering a strong investment opportunity for business owners.”
Space is a premium in the search for the right location. Snap Fitness clubs typically require a 500m2 footprint in a central, accessible site.
“We bring the features of a big box gym to the local community in a much more accessible environment and in locations that are convenient for our members,” said Menzies.
“Finding the perfect space that ticks all of the boxes on our location checklist can often be the most challenging part of a new opening, however it is integral to the success of our clubs.”
Snap Fitness has a global network of more than 2,000 clubs, with 275 across Australia and New Zealand.
Expansion into Tasmania is a key part of the brand’s strategy to reach 300 outlets in Australia in 2020.