Rank no.270 – Retro Fitness – US

Rank no.270 – Retro Fitness – US


Rank no.270 – Retro Fitness – US

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Products & Services: Health club

Number of Locations: 88

Total Investment: $861.25K – 1.51M

Founded: 2002

Began Franchising: 2006

About Retro Fitness

Founded by Eric Casaburi in 2002, New Jersey-based Retro Fitness began franchising in 2006. Retro Fitness gyms feature cardio equipment, circuit training equipment, movie theaters that play ’80’s films, weights, personal training, tanning, group fitness, a Retro Blends smoothie bar, supplements, and chiropractic services.

Franchise Units

YEAR U.S. CANADIAN INTERNATIONAL COMPANY OWNED
2013 86 0 0 2
2012 75 0 0 4
2011 72 0 0 4
2010 60 0 0 0
2009 54 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $861,250 – $1,522,499
Franchise Fee: $69,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS

Net Worth: $1,500,000
Liquid Cash Available: $300,000

OPERATIONS

25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10 – 20. Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators).

FINANCING TYPE IN-HOUSE THIRD PARTY
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 8 days. At franchisee’s location: 8 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #270 (2013), #217 (2012), #236 (2011),
Fastest-Growing: #83 (2011),
Top New: #10 (2011),

Retro Fitness is our mission to provide “MORE FOR LESS!" to all of our members. We are looking for potential club owners who share the same passion for the Fitness Industry as we do and have a serious desire to create a Facility one step above the competition.

The Founders of Retro Fitness have been in the Fitness Industry for over 20 years and know that it is the same elements needed for creating a successful facility that will enable them to build a strong brand, Service and Support.

Please read through the the Retro Difference & the Retro Support pages before going to the Next Step and filling out our licensing information request form. We ask for serious inquiries only so we may provide the best possable support.