Retro Fitness

Retro Fitness

#242

Initial Investment

LOW: $941,350
HIGH: $1,622,250

Change in Units

+18.5% +25 UNITS (1 Year)
+34.8% +47 UNITS (3 Years)

Company Profile

Founded

2002

Franchising Since

2006 (10 Years)

Corporate Address

43 Country Rd. 537 W. Colts Neck, NJ 07722

CEO

Eric Casaburi

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.

Financials

Financial Requirements

Initial Investment

$941,350 - $1,622,250

Net-worth Requirement

$1,500,000

Liquid Cash Requirement

$300,000

Ongoing Fees

Initial Franchise Fee

$69,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options

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

Veteran Incentives


10% off franchise fee

Franchise 500® Rank History

Highest Rank: 217

Lowest Rank: 289

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 14+ days

Training at headquarters: 5 days

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 20

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 30th, 2016

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