Full Answer
Is Retro Fitness a good franchise?
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.
How much do fitness franchise owners make?
According to Investopedia, most franchise owners take home around $50,000 per year, but about 7% of franchise owners earn more than $250,000 per year. You have to be aware of some fees and additional costs because these will quickly cut into your profit margins.
How much does it cost to open a retro fitness?
Qualification: 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.
How much profit does a Anytime Fitness franchise make?
How much do Anytime Fitness Franchises Make? The average revenue across the 1,103 Anytime Fitness centers that implemented the Training Suite for the year ending December 31, 2021, is below. The average Anytime Fitness reported $384,958 in annual revenue.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Is it worth buying a gym franchise?
A gym franchise gets most of its revenue from membership fees, but it can also provide plenty of other ways to earn extra income. Personal training, classes, selling gym apparel, consumables and health and weight-loss products are just some of these ways.
Can you make money owning a gym?
Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. The general setup costs for a medium-sized gym is around $100,000. But your profits for the first financial year could be as little as $50,000.
How much is the CEO of Retro Fitness worth?
Eric Casaburi net worth: Eric Casaburi is an American businessman who has a net worth of $30 million dollars. Eric Casaburi was raised in New Jersey. After his mother passed away when he was 15, he threw himself into fitness to take his mind off of the grief.
Who is the owner of Retro Fitness?
Eric CasaburiAbout Eric Casaburi Infused early on with enough energy and fearlessness to fuel an army, the Jersey-born-and-bred entrepreneur founded Retro Fitness at age 23.
How much do Orangetheory franchise owners make?
Estimated Average Franchise Revenue: $517,000 1- Based on a midpoint investment of $1,378,500 with estimated profits of $51,800 (10% profit margin) it would take about 27 years to recoup your investment.
What is Planet fitness annual revenue?
Annual revenueYearRevenueChange2019$0.68 B20.23%2018$0.57 B33.25%2017$0.42 B13.67%2016$0.37 B14.43%5 more rows
Are LA fitness franchises?
LA Fitness (doing business as LA Fitness International LLC) is an American gym chain with more than 700 clubs across the United States and Canada. The company was formed in 1984 and is based in Irvine, California....LA Fitness.Randolph, NJ Location, formerly a PathmarkArea servedUnited States CanadaWebsitewww.lafitness.com6 more rows
Are fitness gyms profitable?
Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. The general setup costs for a medium-sized gym is around $100,000. But your profits for the first financial year could be as little as $50,000.
Do gym owners make money?
According to a report by ZipRecruiter, a Gym Owner in the USA can make anywhere from $17,000 to $187,500 per year depending on the above-mentioned factors. A good average would be $69,794 per year which makes $5,816 per month. These figures can also vary due to the area or state in which the gym is operating in.
How much do Orangetheory franchise owners make?
Estimated Average Franchise Revenue: $517,000 1- Based on a midpoint investment of $1,378,500 with estimated profits of $51,800 (10% profit margin) it would take about 27 years to recoup your investment.
How much does it cost to open a F45 franchise?
How Much is an F45 Franchise? The initial F45 Franchise Fee is $52,000. You have to pay this upfront fee when opening a F45 franchise. To be considered for a franchisee of a F45 franchise, you need to have at least $120,000 in liquid assets.
How many retro fitness locations are there?
Because of Retro Fitness innovation, strong operations support, and proven gym model it has grown to more than 140 gyms locations in 15 states and has over 400,000 members.
What is retro fitness?
Looking for your next franchise opportunity? Retro Fitness allows owners to diversify their portfolio with a membership model that is recession resilient and doesn’t fluctuate due to cost of goods or high labor costs.
How many sq ft is a retro fitness gym?
Retro Fitness Health and Fitness Clubs range from 15,000 to 18,000 sq. ft. as the best footprint for gyms
What is retro services?
Retro Provides a suite of services to assist your every step including real estate site selection, construction oversight, operational guidance and local marketing
What is the best job to have?
Being an Owner Operator is the Best Job You'll Ever Have 1 Take your first step into business ownership with the help of a world class brand partner 2 Retro Provides a suite of services to assist your every step including real estate site selection, construction oversight, operational guidance and local marketing 3 Re-occurring revenue with strong margins, No other HLVP concept has the ability to learn above and beyond the predictable monthly income from membership like Retro 4 Monthly predictive re-occurring revenue from day one. 5 Create wealth situation for you and your family. 6 Real Estate opportunities are plentiful due to the economic impact on retail, real estate has never been so attractive and affordable. 7 Our Team of experts are here to handle all aspects of club development for you. Every step of the way during every phase.
What is franchise business coach?
Franchise Business Coaches are in your club weekly to help you with day-to-day training
What is a dedicated marketing staff?
Dedicated marketing staff ready to assist with marketing and social media planning
What does a Retro Fitness Franchise Cost?
The total cost to open a Retro Fitness club ranges from $939,250 to $1,600,500 depending on the size of the space. You will need minimum liquid assets of $500,000 and a net worth of $2 million either individually or cumulatively amongst a group of investors to obtain necessary bank financing.
How much does it cost to open a retro gym?
The total cost to open a Retro Fitness club ranges from $939,250 to $1,600,500 depending on the size of the space. You will need minimum liquid assets of $500,000 and a net worth of $2 million either individually or cumulatively amongst a group of investors to obtain necessary bank financing.
Background
Retro Fitness is a rapidly growing franchise model within the $30 Billion health and wellness industry that provides a high return on investment with strong-unit economics and streamlined operations.
Franchises Similar to Retro Fitness
Blint Shakes, Bounce! Trampoline Sports, PRO Martial Fit, Play It Again Sports, Ageless Fitness, D1 Training, SKfit, MADabolic, KIKA Stretch Studios, Tumbles - Kid's Fitness Gym + STEAM, Orangetheory Fitness, Anytime Fitness, Planet Fitness, F45 Training, Crunch
How much does Retro Fitness cost?
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.
How many states are retro fitness locations?
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.
How many square feet are there in a retro gym?
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.
What is retro fitness?
Retro Fitness is a gym that’s dedicated to developing a solid community inside the club’s four walls.
What are franchisees in gyms?
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.
When will Retro Fitness open in 2021?
Mar 26, 2021. 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. See more articles.
Is Retro Fitness a turnkey company?
Yes, in fact Retro Fitness has a complete turnkey solution and will manage the entire construction project from beginning to end, delivering a completely turnkey Retro Fitness.
