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Snap Founder: Company Not For Sale

Published Thursday, May 08, 2008

CHANHASSEN, MN -- Snap Fitness CEO and founder Peter Taunton rebuked a report last week stating that Snap Fitness is for sale. However, at least one industry observer maintains that the company is for sale. In an interview with Club Industry’s Fitness Business Pro, Taunton says that although private-equity firms solicit his 24-hour key-card club company on a weekly basis, Snap Fitness is not for sale. “I have no desire to sell a majority share of our company,” Taunton says. “It’s never been in dialogue with anyone. We’re very well capitalized, and we’re a very profitable company.” Taunton ...

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