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Retro Fitness

2015 Franchise 500
#274
At a Glance

Products & Services: Health club

Number of Locations: 110

Total Investment: $1M - $2.1M

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
2014 109 0 0 1
2013 86 0 0 2
2012 75 0 0 4
2011 72 0 0 4
2010 60 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,006,600 - $2,065,500
Franchise Fee: $69,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
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).
Direct Capital
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®: #274 (2015), #289 (2014), #270 (2013), #217 (2012), #236 (2011),
Fastest-Growing: #83 (2011),
Top New: #10 (2011),