January 03, 2012 // Franchising.com // COLTS NECK, N.J. - RetroFitness continues to flex its franchise muscle as the rapidly growing fitness chain offering the industry’s most innovative and motivating workout environment at a low $19.99 per month placed No. 217 in Entrepreneur’s 33rd Annual “Franchise 500” ranking, the brand’s second-consecutive appearance on the reputable list.
“This ranking further highlights the tremendous growth and success we have seen as a brand this past year," said Eric Casaburi, founder and CEO of RetroFitness, LLC. “Ranking in the top-half of this prestigious list is a true testament to the strength of our brand and our franchise system. RetroFitness is one of the strongest, fastest-growing fitness concepts in the nation, and we look forward to much success in the years to come.”
One of the world’s most comprehensive franchise rankings, the Franchise 500 list is based on objective, quantifiable measures of success from financial and statistical data. Recognizing the best franchises of 2011, the list takes into account important factors such as financial strength and stability as well as the growth rate and size of the franchise system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
“Franchises are a great avenue to business ownership for those with the entrepreneurial spirit—and they’re playing a definitive role in driving the economy upward,” says Amy Cosper, VP and editor in chief of Entrepreneur. “Unit numbers from the Franchise 500 grew overall in 2010 and 2011, giving individuals a great place to begin investigating some of the brightest opportunities.”
RetroFitness currently has more than 80 gyms operating primarily throughout the East Coast and Southeast, with more than 100 new clubs in its development pipeline. The company projects 300 gyms in the next three years and key markets for growth include Chicago, Atlanta and New York. Additionally, RetroFitness’ revenues surpass the national fitness club average by more than 120 percent.
The RetroFitness franchise model continually attracts high-quality, single and multi-unit investors who have a strong business acumen. Offering entrepreneurs the opportunity to open in flexible 10,000 to 16,000 square-foot spaces in key U.S. markets where prime real estate is more affordable than ever before, RetroFitness is “fit” for investors in the current economy.
To view RetroFitness in the full ranking, visit http://www.entrepreneur.com/franchises/retrofitnessllc/329019-0.html. Results can also be seen in the January 2012 issue of Entrepreneur.
For more information, please visit www.retrofitness.net, and to learn more about franchise opportunities visit www.retrofranchising.com.
Founded in 2004 by entrepreneur Eric Casaburi, RetroFitness has evolved from a regional Mid-Atlantic gym concept into a national fitness system with more 100 gyms in its development pipeline. Under Casaburi’s leadership, RetroFitness has grown to 80-plus gyms in 10 states. Expansion plans call for 300 gyms in the next three years and growth into new major markets such as Chicago, Dallas and Washington D.C. Each RetroFitness location is equipped with a full service fitness center including 60-100 pieces of equipment supplied by leading manufacturers such as Life Fitness and Intek. RetroFitness was ranked in the top half of Entrepreneur magazine’s 32nd Annual “Franchise 500,” as well as named one of the “Top Fastest-Growing Franchises,” and “Top New Franchise.” For more information, please visit www.retrofitness.net, and to learn more about franchise opportunities visit www.retrofranchising.com.