ANDREW ALFANO
CEO
Retro Fitness is led by Andrew Alfano, a former Senior Vice President for Starbucks who joined Retro after serving as President and COO of an early education franchise company. Read Full Bio
TODD SCARTOZZI
SVP, Operations
Todd Scartozzi joined Retro Fitness in 2019 and brings vast executive leadership experience in the gym industry. He also served as COO of Gold’s Gym International, where he directed sales. Read Full Bio
VICTOR BAO
SVP, Marketing
Victor has a broad range of marketing, brand, PR and innovation experience, both domestic and internationally, most recently serving as CMO of Global Shopper. Read Full Bio
ROBBIE SPRECHMAN
CFO
Robbie Sprechman has been CFO for Retro Fitness since 2008 and has helped oversee the growth of the brand while crafting win-win solutions to drive revenue growth and EBITDA. Read Full Bio
WHAT TYPE OF INVESTOR
ARE YOU?
OWNER/ OPERATOR
- Take your first step into business ownership… with the help of a strong franchise partner.
- Retro provides a turn-key suite of support services to assist your every step including real estate site selection, construction oversight, operational guidance and local marketing.
- With favorable financing and real estate options existing today, this is the ideal time to start a business that gives back to you community by providing a gathering place to improve people’s health and lives.
MULTI-UNIT
- Looking for your next franchise opportunity? Retro Fitness allows owners to diversity their portfolio with a membership model that is recession resilient and doesn’t fluctuate due to cost of goods or high labor costs.
- The “High Value, Low Price” space is booming with consumers looking to get more value from their fitness experience and pay less than expensive boutiques and big box clubs.
- We are engaged in a rapid growth model attracting institutional investors to grow out emerging and infill markets.
AREA DEVELOPER
- Our new executive leadership team has years of experience working with Private Equity funds to fuel expansion and high multiple returns on investment putting us in the position to be the next big brand in fitness.
- Our exciting growth vision features multiple entry points for the model including white space opportunities, infill in existing markets, resales and funding of strong franchisees.
BECOMING A
RETRO FITNESS
FRANCHISEE STARTS HERE
FINANCIAL
INVESTMENT
NET-WORTH
$2M
LIQUID CAPITAL
$500K
TOTAL START-UP COST
$939,250 – $1,600,500
FRANCHISEE FEE
$29,000
ROYALTY FEE
5%
MARKETING BRAND/FUND
2%
THE FRANCHISE
JOURNEY
Become a part of Retro Fitness Journey to growth and success.
why retro
is a strong
Investment
for every
Portfolio
Retro Fitness is a hometown gym dedicated to building a strong community within the four walls of the club, while being a fabric of the community outside. All this is done while providing exceptional return on investment for our owners. Our fitness concept has been recognized as one of the nation’s top franchise opportunities by numerous publications, earning write-ups in Forbes, Entrepreneur Magazine, and The Wall Street Journal.
For consumers, Retro Fitness is an attractive fitness destination because of its inclusive community, state-of-the-art equipment, group fitness classes and personal training, and amenities like massage chairs and tanning. It is a one-stop shop for anyone looking to improve their health in a nurturing environment.
For franchisees, Retro Fitness provides an opportunity to make their community healthier and happier while also generating a significant return on investment. Thanks to memberships that start at $19.99 per month, owners enjoy recurring revenue. Personalized training, the Retro Blends Smoothie Bar, and merchandise sales create additional revenue streams.
Franchisees fall into two categories — owner-operators who spend a lot of time in their gyms, and investors who hire general managers to handle day-to-day operations. Regardless of which category they fall into, top-performing clubs provide great experiences that deliver great revenue.
FINANCIAL
PERFORMANCE
HIGHLIGHTS
$2.2M
AVERAGE GROSS SALES PER UNIT FOR THE TOP 10% OF RETRO FITNESS CLUBS. THE TOP 50% OF CLUBS AVERAGE $1.4M.
$443K
AVERAGE EBITDA REPORTED BY TOP 10% OF RETRO FITNESS FRANCHISE OWNERS. THE TOP 50% OF OWNERS REPORT EBITDA OF $257,000.
5,892
AVERAGE NUMBER OF MEMBERS FOR THE TOP 10% OF RETRO FITNESS CLUBS. THE TOP 50% OF CLUBS AVERAGE over 3,700.
$142
AVERAGE REVENUE PER SQUARE FOOT FOR THE TOP 10% OF RETRO FITNESS CLUBS. THE TOP 50% OF CLUBS AVERAGED $95.
The above numbers are from Item 19 of our Franchise Disclosure Document and cover results from 2019. Read Item 19 in its entirety for important defined terms, assumptions, and qualifiers relating to these figures. Franchise offering made by prospectus only, view our Franchise Disclosure Document for details.
OUR SIMPLE
PROCESS
Retro Fitness was at the forefront of the high value/low price (HVLP) movement and remains an industry leader today, which is why our process can be completed as quickly as your schedule will allow.
Once the agreement is executed, our team of seasoned experts can help you find an ideal location, negotiate the lease, build and equip the center, then hand you the keys.
ONE-ON-ONE MEETING
COMPLETE OUR APPLICATION
REVIEW THE FDD
MEET THE TEAM
EXECUTE THE AGREEMENT
DEDICATED
SUPPORT SERVICES
- Comprehensive assistance in site selection
- Prototypical design and conceptual layout
- Virtual and in-person training for franchisees and key managers
- Initial management training and ongoing business consultation
- Pre-sale support on how to best recruit and acquire members prior to grand opening
- Access to corporate management team for business review and performance analysis
- Regular consultation visits
- Dedicated marketing staff ready to assist with marketing and social media planning
- Vendor partnerships and negotiated pricing assistance with major brands like Life Fitness®
ONE OF A KIND
EXPERIENCE
Retro Fitness gyms provide a unique combination of an affordable, $19.99 per month membership with state-of-the-art fitness facilities that feature tons of cardio equipment with personal LCD television screens, three different types of circuit training equipment, Retro Blends Smoothie Bar, child sitting, tanning, hydromassage recovery lounges and pro shop. Add in personal and multiple group training options and Retro Fitness is way more than just your average gym, offering a one-stop shop fitting any fitness enthusiast’s budget.
RETRO FITNESS IN THE NEWS
Retro Fitness has been consistently recognized as one of the nation’s top franchises by numerous publications. This is the primary reason why our franchise opportunity has been talked about in Entrepreneur Magazine, Forbes, Rolling Stone and The Wall Street Journal along with being featured on MTV, CNN, Fox News and the hit CBS reality series Undercover Boss. See below for the latest news about Retro Fitness.
What It Takes To Be Successful in the World of Fitness – with Retro Fitness CEO Andrew Alfano and CFO Robbie Sprechman
Stories from Franchisees & Founders. Brian talks with Andrew Alfano, the CEO of Retro Fitness, and Robbie Sprechman, the brand’s CFO. Retro Fitness is a rapidly growing fitness company with over 140 locations in 14 states open or in development. Andrew points out, “I don’t build business, I build people, and people build business. That’s probably the greatest attraction with franchising for me because you’re really serving and helping others be successful.” Andrew and Robbie talk about how they have transitioned their business over the last few months but also their larger commitment to build up the brand, and every franchisee in the system, to be successful in a post-coronavirus world. Tune in to hear Andrew and Robbie’s franchise story, and learn timely wisdom you can apply to your business journey.
Retro Fitness Franchise Owner Mike Marinaccio Shares His Enthusiasm on The Joe Piscopo Show
Retro Fitness Franchise Owner Michael Marinaccio discusses the value and variety Retro Fitness offers, the diversity of members and how they inspire each other, and how and why a Wall Street guy got into the gym industry.
Franchisee Warren DeStefano Tells AM-970 Why He Chose Retro Fitness
Retro Fitness Franchise Owner Warren DeStefano discusses how he researched the brand, what sets Retro apart from its biggest competitor, and his amazement at the impact his business has on people’s lives.
Retro Fitness Franchise Owner Stacy McCormack talks fitness with Joe Piscopo
Stacy McCormack partnered with comedian and radio personality Joe Piscopo on a Retro Fitness in Flemington, New Jersey. Watch the pair discuss the business and Valentine’s Day gift-giving etiquette.
Restaurant owners eye new franchise opportunities in fitness amid labor challenges
After 14 years building a multi-brand restaurant empire, Trey Jasenski is branching out. He owns nearly two dozen Subway locations as well as multiple 16 Handles yogurt stores and Auntie Anne’s pretzel shops throughout the Albany, New York area. But a few years ago, he started to invest in gyms. The reason was simple he said: math.
Fitness franchises stepping in to generate foot traffic at retail centers
Commercial landlords are increasingly seeking out fitness clubs as part of their tenant mix, according to the International Council of Shopping Centers (ICSC). The ICSC took a close look at fitness clubs and their growing impact on retail...
Retro Fitness Targets Chicago for Expansion
Gym franchise with a dominant presence in the Northeast already has a foothold in Chicago; planning huge expansion. Retro Fitness, the third-largest gym and fitness franchise in the United States, has targeted Chicago for expansion and is actively seeking...
Retro Fitness Donates 300 New York Yankees Tickets to New York City Schools
Retro Fitness, a low-cost, high-value personalized fitness concept that gives members an elevated workout experience, will soon be available at its newest North Carolina
Retro Fitness Names Former Starbucks Exec CEO
Andrew Alfano to Drive Future Growth and Expansion COLTS NECK, N.J. (July 29, 2019) - Retro Fitness, a leader in the high value, low price fitness space is excited to announce the appointment of Andrew Alfano as CEO. With more than 25 years in retail and franchising,...
FREQUENTLY
ASKED QUESTIONS
When was Retro Fitness founded?
Retro Fitness was founded in 2005 and began franchising in 2006.
How many locations does Retro Fitness have?
Retro Fitness currently has more than 140 franchise locations either open or in development.
What territories are available?
There are potential territories available in all 50 states.
How many Retro Fitness franchisees own multiple locations?
More than 55% of existing Retro Fitness franchisees own or have committed to own more than one location.
Do you have an earnings claim?
Yes, it is included in our Business Model eBook, which you can download here.
What build out options exist for a Retro Fitness location?
The model is highly transferable to various venues to include inline and free-standing buildings in retail, residential and industrial areas.
How much does it cost to open a Retro Fitness franchise?
- Net worth: $2M
- Liquid capital: $500,000
- Total startup costs: $939,250 – $1,600,500
- Franchise fee: $29,000
- Royalty fee: 5%
- Marketing/Brand Fund: 2%
What is the estimated initial cash or liquid assets I will need to have?
You will need minimum liquid assets of $500k and a net worth of $2MM either individually or cumulatively amongst a group of investors to obtain necessary bank financing.
Does Retro Fitness assist in the design and equipping of my gym?
Yes, Retro Fitness has a “Design Standards Manual” sample floor plan designs and architectural resources to assist in keeping the consistency of the Retro Fitness brand the same throughout the franchise system. In addition, Retro Fitness has a standard equipment package from the industry’s leading manufacturers with substantial discounts to ensure the member experience is similar across all Retro clubs.
Do you offer training?
Yes, we provide training for opening and ongoing operation of your Retro Fitness club. It begins with eight days of training at our corporate headquarters, followed by another eight days of training at your location. Then we stay connected through regular training of your management and staff.
What is the availability of a Retro Fitness location in my area?
Retro Fitness locations are available in all 50 states. The availability of territories will be discussed in full detail prior to signing a franchise agreement.
What are the size requirements for a Retro Fitness?
A typical Retro Fitness outlet is approximately 15,000 to 17,000 square feet and is determined based upon site availability in your preferred market.
Do I need to have prior experience in the gym or fitness industry?
No. In fact, many of our franchisees come from diverse industries and backgrounds with little to no previous industry experience. We will help you hire and train a qualified, knowledgeable team of fitness professionals to best manage club operations.
What are the ongoing royalty fees a franchisee must pay?
5% royalty from the franchised outlet’s total gross revenue.
How much money can I make?
Profitability will vary considerably depending upon such factors as: location, operating costs, financing terms, your ability to manage and control the business, sales and other factors. We do not predict sales or profits for any new locations. We encourage you to discuss this with existing franchisees and your personal advisors.
Will Retro help with the financing process for opening a franchise?
Yes, our dedicated financial broker will work with you in reviewing your finances to determine the best products and services available for financing your Retro Fitness franchise through a network of lenders.
Request More Information
About Retro Fitness Franchise Opportunities
Qualifications: You and your business partners will need $500,000 in liquid capital and $2 million in combined net worth to qualify for a Retro Fitness franchise. To get started, fill out this form.
