FranchiseWorks.com |
Fitness Franchise Retro Fitness Searching for Investors to Expand in the Five Boroughs.
Franchise Announces Aggressive Expansion Strategy to Significantly Increase Its Presence in the New York City Area within the Next Year; Opens a Limited Number of Franchise Territories for the Market.
COLTS NECK, N.J. (December 2012) – The
national fitness franchise chain that has taken the industry by storm has shaped-up major expansion plans for the New York City area.
With five gyms already operating throughout the five boroughs, Retro Fitness has announced an aggressive expansion strategy to significantly ramp-up its presence in the market within the next year. As part of this growth plan, Retro Fitness is looking to sign
franchise agreements with qualified investors for both single and
multi-unit franchises in every borough within the next 90 days.
“This rapid plan opens up a limited number of units available to investors in a very exciting market,” said Eric Casaburi, CEO and founder of Retro Fitness. “The five boroughs are primed for expansion; the existing clubs in the area are experiencing explosive growth with large spikes in membership. Retro Fitness just makes sense in this market. We deliver the best in health and fitness without the heavy price tag for members and investors. Plus, with our manager-driven investment model, franchisees are free to be the investor, focusing on growing the business, rather than an operator inside the club.”
The Retro Fitness
franchising model continually attracts high-quality, single and
multi-unit franchise investors who have a strong business acumen. Offering entrepreneurs the opportunity to open in flexible 10,000 to 16,000 square-foot spaces during a time when prime real estate is more affordable, makes Retro Fitness “fit” for investors in the current economy. Plus, the facility is designed to maximize the square footage so the owner is not paying for space, heat and air conditioning that go unused most of the time.
Since inception of the low-cost, high-value brand, the national
fitness franchise has more than 120 gyms open or in development in 10 states. With more than 300,000 members, Retro Fitness surpasses the national fitness club average by more than 120 percent, generating revenues greater than $77 million. The top Retro Fitness
gym franchises have average gross revenue of $1.9 million and average EBITDA of $740,000.
Opportunities for single and multi-units will be based on financial qualification and will be awarded and reserved upon execution of a franchise agreement. The approximate cost for developing an average size club is $1.4 million. In order to qualify for a single unit, candidates must have a minimum net worth of $1.5 to $2 million. For financing of a single unit, candidates will need liquid assets of approximately $350,000.
Motivated entrepreneurs and multi-unit operators interested in opening a Retro Fitness in the New York City Boroughs area should contact Mark Mele, vice president of franchise development, at (732) 431-0062.
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 120 gyms open or in development in 10 states. Expansion plans call for 150 gyms in the next three years and growth into new major markets such as Maryland, New York, 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 such as Life Fitness and Iron Grip. Retro Fitness was ranked in the top-half of the 2012 Entrepreneur “Franchise 500” annual ranking, marking the brand’s second-consecutive appearance on the prestigious list. The company was also recognized as one of the “Top Fastest-Growing Franchises” and “Top New Franchises” in the publication’s 32nd annual ranking.
If you would like more information about owning a
fitness franchises, go to
http://www.franchiseworks.com.
About
www.FranchiseWorks.com FranchiseWorks.com was established in 1999 with the goal of providing qualified prospective entrepreneurs with the right franchise or business opportunity that meets his or her needs. We showcase hundreds of
franchise and
business opportunities in a variety of industries including new start-ups to established companies.
www.FranchiseWorks.com also has information on franchise financing sources, business opportunity and
franchise trade show schedules along with the latest
franchise news. For additional
franchise information visit
http://www.franchiseworks.com or the
franchise blog -
http://franchiseworks.blogspot.com. For more information, visit
www.retrofranchising.com.