As cross-town rivals, Snap Fitness and Anytime Fitness are in corporate arm-wrestling match of sorts for bragging rights as the nation’s foremost industry operator.
The two fitness featherweights both operate small, 24/7 neighborhood fitness and health clubs and are enjoying explosive growth since coming online earlier this decade, a stark contrast to the plethora of U.S. companies that have slashed expansion plans or downsized operations in the wake of the national recession.
Currently, Snap Fitness has 1,100 U.S. locations, including about 110 in Minnesota. The company has locations sold for about another 900 clubs, company, including some in Minnesota, Snap Fitness CEO Peter Taunton said this week in a speech to the Minnesota chapter of the Association for Corporate Growth. The group honored Snap Fitness as its 2010 Emerging Growth Winner award.
Snap Fitness could realistically add another 100 locations in Minnesota since it can place its 2,700- to 3,200-square-foot clubs in communities with as few as 3,000 people, Taunton said. More.