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Post by cheryl on Aug 10, 2018 0:30:28 GMT
Looks like someone doesn't like potential franchisees seeing how poorly snap is doing. (no more snapfitness.com/location) numbers. They list all of the clubs though. I guess they don't think people will count them. Let me do it for you. They're down to 896. That's 20 more clubs gone in a month. I guess contracts are coming up for renewal and they're not being renewed.
But hey, perspective franchisee I'm sure you'll do well. Let us give lots of people free access to your club. Well, free as far as what you collect. corporate will collect $9 from them.
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Post by thatkidfromjersey on Aug 11, 2018 13:30:29 GMT
Holy crap that's a steep decline. Thanks for the info Cheryl. Future's not lookin too good for Snap.
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Post by determined1 on Aug 16, 2018 0:38:45 GMT
Wow!! Talk about circling the drain. Guessing people would prefer to go private than to spend money on a reshuffle "aka modernization".
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Post by somethingelse on Sept 22, 2018 16:38:00 GMT
Is this 896 globally or in the US?
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Post by determined1 on Sept 22, 2018 17:51:11 GMT
Club Solutions just came out with a franchise guide. In that guide it listed the number of US Snaps at 865 with about 5% as being corporate owned, so it looks like the number of snaps dropping out of the system is increasing. snap will tell you that they're like an aircraft and they're picking up speed. What they leave out is that they're rapidly losing altitude.
Oh, BTW, Anytime has something like 2,000 in the US. This is a clear reflection of the abuse by corporate of franchisees and the reason that no one wants to deal with that abuse.
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Post by somethingelse on Sept 24, 2018 19:47:13 GMT
How is nobody at corporate hitting the panic button here?
Was there not an investment group that came in to add cash here? Do they not have a say at all?
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Post by thatkidfromjersey on Sept 25, 2018 14:02:41 GMT
How is nobody at corporate hitting the panic button here? Was there not an investment group that came in to add cash here? Do they not have a say at all? I thought about that myself. With a little research, here is the answer I came up with. Although Snap clubs are closing at an ever increasing rate, corporate profits are actually UP year over year. How is this happening... clubs closing, revenues down for clubs that are still open, but corporate making more money. Simple - money grabs like MyZone ensure the cash keeps flowing to Chanhassen. Do the simple math with myzone and you will see that the monthly fees alone add $2,500,000 per year to corporates revenue stream. Add in device sales and you're probably talking $4-$5 million in new annual revenue. That can offset quite a few clubs closing... but it's a band aid and it won't last forever. This coming year it is expected that somewhere around 200 snap locations in the USA will close. Strategically, Mr. Taunton will retire at just the right time and laugh all the way to the bank, just before shit hits the fan. My advice to you all is to do YOU and prepare for life after Snap. Maybe at some point Anytime Fitness (or some other company) will pick up the remains...
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Post by determined1 on Sept 25, 2018 15:49:38 GMT
I would advise all snaps to purchase a secondary billing system and get it fully loaded with all your member data including billing. In this way when you decide to move away from snap you can just throw the switch and have a seamless transition. This way if snap goes away or you leave there's no panic on your end.
I'm not sure what $$ you used for your calculations, but on the MyZone license fees and devices keep in mind that the majority of this would be going to MyZone. I'm sure snap gets a hefty discount, but they wouldn't receive the full amount. A franchisor who puts franchisees first would extend the reduced monthly and device costs to its franchisees. Unfortunately we don't have that type of franchisor. In our case it's franchisor first. It's really sad that we have to endure their tactics. Every month the $ amount to buy out of my agreement goes through my head.
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Post by thatkidfromjersey on Sept 25, 2018 16:45:15 GMT
Make no mistake, MyZone is of course getting something, but the lion's share of that revenue is going to corporate.
Bear in mind that the reason myzone exists in the snap world is to make corporate money. Of course they're not going to extend to us their pricing on myzone, they wouldn't even bother with it if that were the case.
Their statements that they truly believe in myzone and think it is the future of fitness is nothing more than a facade. MyZone is a profit center and nothing more.
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Post by wegothosedtommy on Nov 27, 2018 21:11:49 GMT
MyZone is going backwards in technology! Who wears a belt anymore when theirs wrist watch’s and heart rate monitors? Do you remember the first octanes with polar belts? ?? Seriously went backwards in tech at a premium price. I can do heart rate zones just fine with my Iwatch and fitness app! A band around your torso? Really? ??
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Post by fishstyxx on Nov 28, 2018 0:32:10 GMT
Watch technology (Apple, Fitbit, Garmin) is only about 50 to 60 percent as accurate as an EKG. The belt technology (MyZone and Polar) is about 99.6% as accurate as an EKG. Those numbers are taken from testing done by IDEA. Today's belts are a far cry from those hard plastic belts from years ago.
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Post by Thatkidfromjrsey on Nov 28, 2018 2:18:58 GMT
None of that matters cause heart rate based workouts are nothing more than a fad based on science that was disproven decades ago.
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Post by fishstyxx on Nov 28, 2018 17:13:23 GMT
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Post by thatkidfromjersey on Nov 28, 2018 17:26:46 GMT
Yes there is plenty of research out there for all types of things. Bottom line is any kind of exercise is going to produce some positive results, but there are more effective ways to train than keeping your heart rate in the same zone.
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Post by fishstyxx on Nov 28, 2018 20:09:58 GMT
So I'm guessing you didn't read the article and haven't read anything from MyZone, Polar or others. The article talks very specifically about why it's important to work out in different zones and not stay in the same zone. This is also what MyZone, BeachBody, Polar and just about everyone else out there recommends. Who told you, or where did you read that the objective of the technology is to stay in the same zone? Orange Theory doesn't suggest that either. If this is what you think then I can understand why you think it's BS.
It's also a clear indication that the technology shouldn't be pushed on franchisees. Some will reject it, not learn about it and never recommend it to members. At that point it's nothing but a tax on the franchisee.
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