Participants in the contest — which ends Aug. 15 — will win a new Snap Fitness franchise — a windfall estimated at $250,000.
The challenges associated with the business have done nothing to deter people from entering. Since the contest’s launch last month, nearly 1,000 people have entered by submitting 250-word pitches to PeterTaunton.com.
In addition to the franchise itself, the prize also includes standard equipment for an average-sized club, security deposit for facility leasing, $20,000 working capital allowance, and, like all new franchisees, training at headquarters, site selection help, and a dedicated account manager. Taunton himself will track the winner, provide assistance as necessary and pick up the $15,000 franchise fee.
The winner will have to pay royalties in the amount of $449 a month, plus $75 for advertising and some other similar fees for membership billing, based upon store volume.
Photo by alantankenghoe