Investment Amount
$86K-$220K
Detailed Metrics
Detailed Franchise metrics for Snapology Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Snapology below. “N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.
U.S. Franchised Units
58
U.S. Corporate Units
2
Total Number of Units
60
Transfer Rate
Why is the System Transfer Rate important?
The System Transfer Rate represents all franchise unit transfers relative to the total number of franchise units. A lower transfer rate and lower overall transfers indicates a more robust and stable franchise system.
| Rate (%) | Number of Transfers (#) | |
|---|---|---|
| 2016 | [0.0%] | [0] |
| 2017 | 2.56% | 1 |
| 2018 | [0.0%] | [0] |
| 2019 | [0.0%] | [0] |
| 3-year | 1.18% | 1 |
Failure Rate
Why is the Failure Rate important?
The Failure Rate represents franchise unit terminations, non-renewals and franchises that ceased operations for other reasons in a given year relative to the total number of franchise units. A lower closure rate, overall terminations, and non-renewals indicate a more stable franchise system.
| Rate (%) | Number of Closures (Terminations, Non-Renewals, Ceased Operations) (#) | |
|---|---|---|
| 2016 | 50.00% | 1 |
| 2017 | 2.56% | 1 |
| 2018 | 6.90% | 4 |
| 2019 | 8.24% | 7 |
| 3-year | 14.12% | 12 |
Growth Rate
Why is the Growth Rate important?
The Growth Rate is the percentage change of total franchise units from one year to the next. A higher Growth Rate signifies an expanding franchise system.
| Rate (%) | Number of Openings (#) | |
|---|---|---|
| 2016 | -90.00% | 13 |
| 2017 | 21.88% | 9 |
| 2018 | 48.72% | 23 |
| 2019 | 46.55% | 34 |
| 3-year | 41.09% | 66 |
