| BFT | Snap Fitness | |
| Disclosure honesty | B | C |
| Investment from | $509,836 | $554,731 |
| Total fees | 9% | — |
| Outlets | 49 | 468 |
| Lawsuits | 8 | 9 |
29 qualified studios (2024): avg gross revenue $360,918 (median $329,200, range $167,120-$746,418); avg 169 monthly active members; avg 18 new memberships monthly. Revenue mix: 92% memberships, 4% services, 1% fees, 3% products. 45% met/exceeded average revenue.
Discloses revenue and operating income for 8 corporate clubs (avg $103K operating income) and sales/member counts for 459 franchised clubs by quartile. No franchisee net profit shown; corporate clubs may not reflect franchisee economics.
Full net-profit math, financing, red flags. See a sample →