Investing in RetroFitness
Retro Fitness is disrupting the gym industry and focused on building a fitness brand with a purpose. Far more than just weights and cardio, we build a community inside the four walls of our health clubs, while being a fabric of the community outside the four walls of our clubs.
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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.
Retro Fitness is an attractive fitness destination for consumers 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.
Retro Fitness provides franchisees 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.
- 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 before the grand opening
- Access to the 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 partners and negotiated price assistance
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 our franchise opportunity has been discussed in Entrepreneur Magazine, Forbes, Rolling Stone and The Wall Street Journal, and being featured on MTV, CNN and Fox News. See below for the latest news about Retro Fitness.
Retro Fitness CEO Andrew Alfano noted in a telephone interview that the fitness industry was among the first to be shut down and among the last to be allowed to reopen.
Retro Fitness is a gym that’s dedicated to developing a solid community inside the club’s four walls.
Victor Bao of Retro Fitness: 5 Non-Intuitive Ways To Grow Your Marketing Career (Authority Magazine)
Keep going. You will never arrive. Your message will never be complete. Your story evolves. Don’t get stuck. Keep going.
Leading Fitness Franchise Strategically Relocates Business with State of the Art Office and Support Center
Andrew Alfano, CEO of Retro Fitness, said he believes that public health is about living your healthiest life. To promote this ethos, starting this month they are offering a zero down and zero commitment membership to anyone who has been vaccinated.
Expert commentary on the state of public health amid COVID and how Retro Fitness is doing their part to incentivise people to get vaccinated and get back to their health clubs.
Retro Fitness, which has more than 120 clubs open or in development across the U.S., is incentivizing Americans to get vaccinated by offering a $0 down and no commitment membership to anyone who has received the vaccine beginning April 1, 2021.
As coronavirus cases continue to spike across the country, local officials are taking swift steps to curb the spread. In New York, Governor Andrew Cuomo now mandating that indoor restaurants, bars and gyms must close at 10 P.M. for the foreseeable future. Andrew Alfano, CEO of Retro Fitness, joined Wake Up With Cheddar to discuss how this will impact his fitness centers.
Retro Fitness, a 15-year-old fitness franchise with more than 120 gyms open and in development, announced a $0 down and no commitment membership to vaccinated individuals starting April 1.
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: $1.5M – $1.7M
- Franchise fee: $29K
- 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.
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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.