Retro Fitness

Health clubs
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$1.4M - $2.3M
Units as of 2022
89 Decrease 39% over 3 years

For over 15 years, Retro Fitness has helped Americans meet their health and fitness goals. Its fitness programs are effective, and the business model is easy for franchisees to follow. 

Retro Fitness has been ranked in Entrepreneur's Franchise 500 numerous times recently. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Retro Fitness has grown since it started franchising in 2006, now boasting over 130 gym locations. If you want to help others reach their fitness goals while also flexing your business muscle with the right qualifications, you could become a Retro Fitness gym franchisee. 

Why May You Want to Start a Retro Fitness Franchise

As a franchisee, you can be an owner-operator directly in charge of your franchise or choose to hire a team to run it for you as an absent franchisee. 

Retro Fitness provides dedicated support to its franchisees. Franchisees receive development for a gym's grand opening and ongoing support after operations begin. The Retro Fitness franchise will assist franchisees in site selection, developing marketing and social media plans, price negotiation, and much more.

Retro Fitness prioritizes veterans, as it offers a discount off the franchise fee for those who have served and now wish to get into the gym business.

What Might Make a Retro Fitness Franchise a Good Choice?

Customers love Retro Fitness; they continue to choose it over other gym franchises because Retro Fitness strives to be an inclusive community and offers various workout plans at affordable and flexible prices. Retro Fitness offers reward programs, a fitness app, endurance and conditioning programs, cardio training, weight training, personal training, and group strength and conditioning workouts. Retro Fitness also has more than 150 pieces of premium equipment to fit clients' lifestyles. Amenities such as the Retro Blend smoothie bars, tanning, hydromassage, and child-sitting services are also available depending on a franchisee's total investment and site selection. 

To be part of the Retro Fitness team, you should make sure you're financially ready for an initial investment, including potential setup fees and a franchise fee. To meet the financial requirements, you will need a minimum net worth and liquid capital. Ongoing costs may also include a royalty fee and a marketing fund contribution. 

How Do You Open a Retro Fitness Franchise?

Retro Fitness has broken down its franchising process into eight steps. The first step, as with most franchises, is to fill out an inquiry form. A Retro Fitness franchise representative may follow up with you, review your financial qualifications, and send you the Franchise Disclosure Document. 

If you are a good match, you may be asked to attend a Retro Fitness franchise discovery day. Here, you may have the opportunity to speak with current franchisees and company executives. 

If all parties involved agree, you may be ready to sign a franchise agreement. From here, you may begin site selection and pre-construction with the guidance of Retro Fitness franchise representatives. Around the same time, you will also need to be trained under the Retro Fitness business model. 

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Company Overview

About Retro Fitness

Industry Health & Wellness
Related Categories Fitness , Miscellaneous Personal-Care Businesses, Miscellaneous Recreation Businesses
Founded 2002
Leadership Mark Andrews, Chief Development Officer
Corporate Address 1601 Belvedere Rd., #E-500
West Palm Beach, FL 33406
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2006 (18 years)
# of employees at HQ 25
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 89 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Retro Fitness franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$29,000
Initial Investment Information Circle
$1,400,000 - $2,300,000
Net Worth Requirement Information Circle
$2,000,000
Cash Requirement Information Circle
$500,000
Veteran Incentives Information Circle
Franchise fee waived, royalty fee reduced by 50% for 1 year
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Retro Fitness has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 40 hours
Classroom Training 40 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 20-25
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Retro Fitness landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Retro Fitness ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022