Full Answer
What is the franchise fee for Retro Fitness?
$29,000Retro Fitness Supporting Veterans Across America Retro Fitness is honoring Veterans this year by waving the $29,000 Franchise fee for qualified U.S. Veterans.
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.
Who is the owner of Retro Fitness?
Eric CasaburiEric Casaburi began to exhibit both an entrepreneurial spirit and a passion for fitness since the raw age of 13 when he got his first job at a gym. 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 many Retro Fitness locations are there?
How many locations does Retro Fitness have? Retro Fitness currently has more than 175 franchise locations either open or in development.
Is Retro Fitness a chain?
Retro is a high-value, low price fitness franchise that was founded in 2005 and began franchising in 2006. The total cost to open a Retro Fitness club ranges from $944,250 to $1,592,500 depending on the size of the space.
Is it worth franchising a gym?
Higher profits: Franchises typically see higher profits than non-franchise businesses, as there is a loyal customer base and formula for success. While the initial investment to open a gym franchise can be high, you'll likely turn a profit more quickly.
Which gym franchise is most profitable?
If you want to research the top fitness franchises, here's who made the Top 10 list in Entrepreneur's Franchise 500 for 2022:Crunch. ... Anytime Fitness. ... Burn Boot Camp. ... Club Pilates. ... The Exercise Coach. ... Pure Barre. ... 30 Minute Hit. Entrepreneur Franchise 500 Rank: 351st ... SPENGA. Entrepreneur Franchise 500 Rank: 380thMore items...•
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Can you make money owning a gym?
The good news is that if you run a successful gym, you can set your salary. The size of a company has an impact on revenue and profit. However, within the first six months, a gym can expect to make between $1,000 and $2,000 per month in revenue. A successful gym will generate at least $20,000 per month after a year.
How much is the Retro Fitness CEO 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.
Where does the owner of Retro Fitness live?
Casaburi lives with his wife Kim and their four children in Orlando, FL.
How much do Orangetheory franchise owners make?
Salary Details for a Franchise Owner at Orangetheory Fitness The estimated base pay is $66,143 per year. The estimated additional pay is $25,445 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.
How much does it cost to start a F45?
The cost to start a F45 Franchise will include the following: Total Investment: The total investment necessary to begin operation of a “F45 Franchise” franchise ranges from $227,000 – $312,000. Initial Fees: Initial franchise fee: $50,000.
How much does it cost to franchise a Planet Fitness?
Planet Fitness's franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.
How much does it cost to invest in a gym?
It can cost you anywhere from $8,000 for a studio to $50,000 for a large gym with all the equipment you could need. While investing in gym equipment make sure you look out for the best quality equipment so that you do not have to keep maintaining it.
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 franchise business coach?
Franchise Business Coaches are in your club weekly to help you with day-to-day training
Is Retro Fitness a gym?
Retro Fitness is More Than Your Average Gym Franchise. 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 Good Morning America, Cheddar, CNN, Fox News and the hit CBS reality series Undercover Boss.
Is Retro Fitness a top franchise?
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 ...
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
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.
How much does a Retro Fitness franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
Are there any Retro Fitness franchise opportunities near me?
Based on 2016 FDD data, Retro Fitness has franchise locations in 13 states. The largest region is the Northeast with 119 franchise locations.
