- Sub Headline: National Low-Cost, High-Value Fitness Franchise Ranked as the Sixth Best Franchise Investment for the Third Consecutive Year on Forbes’ Third Annual List of “Best and Worst Franchises to Buy”
- Franchise URL: http://www.RetroFitness.com
- Listed: July 1, 2016 10:40 am
- Expires: This ad has expired
July 01, 2016 (FranchisePOD.com) COLTS NECK, N.J. – Retro Fitness has once again been recognized by Forbes Magazine as one of the country’s best franchise investments with entry costs of $500,001 and up. The company ranked sixth in its third consecutive placement on the publication’s “Best and Worst Franchises to Buy” list.
Each company was analyzed by franchise industry research firm FRANdata and ranked by cost of initial investment (economy: up to $150,000; coach: between $150,001 and $500,000; first-class: $500,001 and up), five-year growth rates, five-year continuity rates and consistency of ownership, among other factors. Franchisors were also judged based on the level of support provided to franchisees, including financing, marketing and operational support programs.
“It’s imperative that when a new franchisee joins the Retro Fitness family they trust they’re going to see a substantial return-on-investment. Our inclusion on this list for the third year in a row confirms we’re getting that right,” said Eric Casaburi, founder and CEO of Retro Fitness, which has a five-year growth rate of 18 percent. “We’re able to sustain such rapid growth due to our forward-thinking strategies that continuously bring more value to our franchisees and members alike. With that, we could never achieve this success without our ever-growing pool of fantastic franchisees that are willing to adapt to new ideas and continue driving their businesses forward.”
Retro Fitness has more than 145 locations operating in 16 states and is on track to have approximately 250 gyms in the next two years. Driving the investor-friendly franchise’s growth are strong-unit economics and streamlined business operations. By combining affordable membership options with a first-class gym experience and state of the art equipment associated with big-box clubs, the gyms attract inexperienced and seasoned exercisers of all ages. Meanwhile, ancillary offerings such as the Retro Blends Smoothie Bar, personal training, child care, group fitness, pro shop and tanning create additional revenue centers that maximize bottom line returns for franchise owners. Further, with the flexibility to open in 15,000 to 18,000 square-foot spaces, the gyms are designed to scale back on square footage without cutting back on services and staff. This results in lower costs for both owners and members, while still offering high-quality equipment and amenities.
The company’s ability to constantly evolve and embrace change is another key factor to its success. Recently, Retro Fitness announced a new, results-driven fitness program called the New Exercise Order (NEO) powered by Retro Results, which will launch network-wide in 2017. This multi-level personal training program provides a solution to members of all fitness levels and desired price points by offering three training tiers and incorporating technology that gamifies the workout experience. This program is expected to be a game changer for the brand, as it offers members a far more effective and affordable fitness regimen than boutique fitness studios.
Full results of the Forbes “Best and Worst Franchises to Buy” list can be found at http://www.forbes.com/best-worst-franchises-to-buy/#15c8c9f71a03.
About Retro Fitness
Founded in 2004 by entrepreneur Eric Casaburi, Retro Fitness has evolved from a regional Northeast gym concept into a national fitness system with more than 145 gyms open in 16 states. Under Casaburi’s leadership, Retro Fitness is expanding its footprint with more than 100 gyms in its development pipeline and plans to open 200 gyms in the next two years in new, major markets, such as Florida, Illinois, California, Maryland, Michigan, New York, North Carolina, Pennsylvania, Texas, Utah, Virginia, and Washington, D.C. Each Retro Fitness location is equipped with a full-service fitness center, including 60-100 pieces of equipment supplied by leading manufacturers. The burgeoning franchise has placed in the top 300 of Entrepreneur’s magazine’s prestigious Franchise 500 list for six consecutive years. For more information, please visit www.retrofitness.com, and to learn more about franchise opportunities visit www.retrofranchising.com.
Fishman Public Relations
Jayne Levy, 847-945-1300 ext. 225
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