Click to Print
Next
217/500
Back

Retro Fitness LLC

2012 Franchise 500
#217
At a Glance

Products & Services: Health club

Number of Locations: 76

Total Investment: $661.75K - 1.52M

Founded: 2002

Began Franchising: 2006

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 72 0 0 4
2010 60 0 0 0
2009 54 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $661,750 - $1,519,999
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,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

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