December 21, 2012 // Franchising.com // COLTS NECK, N.J. – Retro Fitness, a low-cost, high value concept that gives members an unbelievable, high-energy workout experience, announced today that the growing fitness franchise has ranked No. 270 in Entrepreneur magazine’s 34th Annual Franchise 500® list, the world’s first, best and most comprehensive franchise ranking. The Franchise 500® recognizes Retro Fitness for the brand’s exceptional performance in areas including financial strength and stability, growth rate and system size.
“This ranking is a testament to the incredible franchise system we have in-place at Retro Fitness,” said Eric Casaburi, founder and CEO of Retro Fitness. “We have consistently ranked among the nation’s leading franchises for the past three years, truly showing our viability as an attractive franchise opportunity and of the Retro Fitness brand. Our company continues to grow through the strength of our franchisee and corporate team, and we are poised for even more expansion and success in 2013.”
The rankings for Entrepreneur magazine’s Franchise 500® list are determined using an exclusive formula that takes into account objective and quantifiable factors, analyzed by an independent CPA. The most important factors include financial strength, stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 34 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs.
“We’re delighted to share the positive strides the companies in this year’s listing are making and showcase them as representations of business strength,” says Amy Cosper, VP and editor in chief of Entrepreneur. “The Franchise 500® are a major force contributing to the franchise upswing. Their ability to successfully satisfy customers, continually add units, create jobs and grow overall keeps them ahead of the rest and worthy of distinction.”
The Retro Fitness franchise model continually attracts high-quality, single- and multi-unit investors who have a strong business acumen. Since inception of the low-cost, high-value brand, the national fitness franchise has grown to 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.
Complete results of Entrepreneur magazine’s Franchise 500® list, including company profiles, can be found at http://www.entrepreneur.com/franchise500/index.html.
For more information about Retro Fitness, visit the company’s Entrepreneur profile at http://www.entrepreneur.com/franchises/retrofitnessllc/329019-0.html or company site at www.retrofranchising.com.
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. In 2012, Retro Fitness saw its third-consecutive placement on the Entrepreneur “Franchise 500” annual ranking. The company has also been recognized as one of the “Top Fastest-Growing Franchises” and “Top New Franchises” by the publication. For more information, please visit www.retrofitness.net, and to learn more about franchise opportunities visit www.retrofranchising.com.
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