How much does a Retro Fitness franchise cost?
- Initial Franchise Fee: $69,000
- Total Investment: $941,350 to $1,622,250
- Working Capital: $75,000 to $300,000
- Royalty Fee: 5.0%
Full Answer
How much does it cost to franchise 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.
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 does it cost to own a gym franchise?
between $30,000 and $300,000The total upfront investment for a gym franchise can fall anywhere between $30,000 and $300,000, including the one-time franchise name fee (ranging from $15,000 to $30,000). Of course, some brands are less expensive than others. Ditto for some locations.
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.
What is the cheapest fitness franchise to?
With the below information, you can choose the cheapest gym franchise opportunity for you.4.1 Jazzercise Inc. Initial franchise fee: $1,250. ... 4.2 GymGuyz. Initial franchise fee: $40,000. ... 4.3 9Round. Initial franchise fee: $5,000. ... 4.4 F45 Training. ... 4.5 Anytime Fitness. ... 4.6 Burn Boot Camp. ... 4.7 Snap Fitness. ... 4.8 Club Pilates.More items...
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.
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.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
Is opening a gym a good investment?
If you're going to invest your hard-earned money, you might as well secure it in a gym franchise. Later on, when you are financially stable, you can have the freedom to start your own business or continue expanding your franchise as it will most likely be a success. The bottom line is, gym franchises are profitable.
What is the toughest thing about being a gym owner?
Consistent Revenue Revenue is the main concern for gym owners. After all, it is what keeps your business running. Revenue pays your employees, the light bill, heat & air, new equipment, and just about anything you can think of that is important to maintain your gym.
What is the most profitable fitness franchise?
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...•
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.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
How can I get money to open a gym?
What gym financing options are available?Bank loan. One way to secure funding is by getting a business loan from the bank. ... Personal savings. ... Find a business partner. ... Pitch investors and lenders. ... Invest in a gym franchise. ... Fitness equipment financing. ... Monthly payments. ... Legal fees and insurance.More items...•
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.
What is retro fitness?
Retro Fitness is a gym that’s dedicated to developing a solid community inside the club’s four walls.
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 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 franchise?
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 ...
How many franchisees own more than one unit?
* 25% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 20 * Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators)
Is Retro Fitness a good franchise?
Retro Fitness One Of America's Best Franchises According To Forbes Magazine#N#Retro Fitness, a leading low-cost, high-value fitness franchise, has been named one of America's Best Franchises, according to Forbes magazine's first-ever list of the best and worst franchises in the nation. The Forbes "Best and Worst in Franchising" was created from performance and revenue metr...
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.
