#270
At a Glance
Products & Services: Health club
Number of Locations: 79
Total Investment: $861.25K - 1.52M
Founded: 2002
Began Franchising: 2006
About Retro Fitness LLC
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 |
| 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 throughout the U.S.
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
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 | ||
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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,
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