How much does a Snapology franchise owner make?

Snapology franchise earnings and revenue can vary significantly from one franchisee to another.
The Snapology franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Snapology discloses financials at the unit level. In other words, they show how much Snapology franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Snapology franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Snapology. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Snapology owners were making.

Visit the Snapology metrics tab to explore the financials for this business.

What is the Snapology franchise fee?

Owning a Snapology franchise requires 6% royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Snapology Franchise Disclosure Document

Keep in mind, there is also an initial Snapology franchise fee of $39,900 that is included in the initial investment amount of $60,000 to $276,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Snapology franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Snapology franchise fee of $39,900.

Visit the Snapology metrics tab to explore the financials for this business, royalty and marketing fees compare to other Education Programs franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Snapology founded?

Snapology started offering franchises in 2015. Snapology was founded 7 years ago in 2015.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Snapology locations are in the U.S.?

As of 2021, there were 84 locations across the U.S. There are also 2 corporate locations. Most Education Programs franchises like Snapology have more franchised locations than corporate locations.

How many Snapology franchises opened over the past few years?

Over the prior 3 years we have data for, Snapology has opened 63 outlets throughout the U.S. Visit the Snapology metrics tab to explore how the openings compare to other Education Programs franchises.

How many Snapology franchises closed over the past few years?

Over the prior 3 years we have data for, Snapology has closed 15 outlets throughout the U.S

Visit the Snapology metrics tab to explore how the openings compare to other Education Programs franchises.

Is Snapology growing? Are they opening more locations than they are closing?

The net unit growth rate for Snapology over the past 3 years is 121%. Over the last year we have data for, Snapology had a net unit growth rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the Snapology growth rate compares to 2,000+ other franchises and Industry franchises like Snapology. More info in the Snapology metrics tab.

Is Snapology franchise eligible for an SBA Loan?

Snapology is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Snapology franchise was assigned the SBA Franchise ID of S1594 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Snapology that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Snapology a franchise in the United States?

According to the SBA, Snapology meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Snapology provides you with an FDD if you are in discussion to buy a Snapology.

What is the Snapology Franchise for Sale Rate?

The Snapology systemwide health and franchisee satisfaction can be measured by the Snapologyfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Snapology franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Snapology had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Snapology franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Snapology. More info in the Snapology metrics tab.

What is the Snapology Franchise Failure Rate?

Snapology franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Snapology failure rate over the past 3 years is 18%. Over the last year we have data for, Snapology had a franchise failure rate of 6%.

Without a comparison, this number doesn’t mean much. Compare how the Snapology franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Snapology. More info in the Snapology metrics tab.

How can I find out more details on Snapology franchise?

Visit the Snapology metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!