On March 9, 2015, Snap Fitness announced a master franchise agreement for Spain. The company plans to open 200 clubs in the country over the next several years.
Albert Marco will serve as CEO of Snap Fitness Spain, with Dextra Corporate Advisors as investors and management advisers. Marco brings over 20 years of fitness and business experience to the helm, while Dextra is a Spanish mid- market M&A/private equity firm with over 30 years of experience.
“Signing a master franchise agreement is a big accomplishment. This team has the ability to influence an entire country with our proven concept,” said Steele Smiley, Lift Brands’ chief officer responsible for franchise development. “After years of interest, we finally found the perfect team to lead Snap Fitness in Spain.”
Marco said now is the “perfect moment” for Snap Fitness to join Spain’s market since the country is starting to transition from big box fitness centers to smaller health club options.
“What drew me to Snap Fitness was its proven business model and its dedication to providing members with a world-class workout experience,” said Marco. “The convenient, 24/7 small health club concept is emerging in Spain, and we want to capitalize on this opportunity to be the market leader.”
Snap Fitness is experiencing exceptional international growth. In November 2014, the brand announced a master development agreement in the U.K. During that same time, the Snap Fitness India master franchise holder announced plans of opening 300 additional clubs by the end of 2017.
