RETROFITNESS
Retrofitness franchises operate fitness centers offering discount fitness programs, including exercise and training services, cardio and strength equipment from brands like Matrix and Iron Grip, to members for a monthly fee. The business model provides high-value gym experiences at reduced prices, with reciprocal access across all Retrofitness outlets. They target budget-conscious individuals seeking affordable, quality fitness memberships.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
5% royalty (min $1,000/mo) + 2% ad fund (min $400/mo) + $720/mo technology + $550/mo bookkeeping + $550/mo call center
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 81 franchised outlets open to the public for more than a year as of March 20, 2024, included in Tables A, B and C.
* Average gross revenue is taken directly from Table A (100% percentile row). Median gross revenue is from Notes to Table A (100% of ABC Outlets median). Revenue top quartile is from Table A (Top 25% percentile row average). Revenue bottom quartile is from Notes to Table A (Bottom 25% Outlets average). The document explicitly states that it does not reflect specific costs or expenses to calculate net income or profit, therefore no net income, net profit, EBITDA, or expense data is available to estimate profit ranges.
Extracted Item 19 Section
How RETROFITNESS Compares to Other Fitness Studios Franchises
Key Insights
- Higher investment than 100% of Fitness Studios franchises
- One of the lowest SBA loan default rates in Fitness Studios
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
RETROFITNESS Current | $1.8M - $2.9M | $29K | 5.0% | 86 |
| Planet Fitness | $1.5M - $5.2M | $20K | 7.0% | 2,298 |
| ANYTIME FITNESS | $459K - $908K | $43K | N/A | 2,290 |
| F45 Training | $349K - $786K | $60K | 7.0% | 751 |
| Pure Barre | $314K - $629K | $60K | 7.0% | 617 |
| HOTWORX | $259K - $878K | $20K | N/A | 578 |
Fitness Studios Average 55 franchises | $425K - $1.0M | $47K | 6.9% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for RETROFITNESS franchisees (2015 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Franchise agreement disputes including breach of contract, franchise sales act violations, fraud, and post-termination obligations.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a RETROFITNESS franchise?
The total initial investment to open a RETROFITNESS franchise ranges from $1,812,216 to $2,911,991. This includes a franchise fee of $29,000. Ongoing royalty fees are 5.0% of gross sales.
How much revenue does a RETROFITNESS franchise make?
According to the 2024 FDD, the average gross revenue for a RETROFITNESS franchise is $1,133,395. The median revenue is $987,553.
How many RETROFITNESS franchise locations are there?
As of the 2024 FDD, RETROFITNESS has 86 franchise locations. The company has been franchising since 2006.
Can you get an SBA loan for a RETROFITNESS franchise?
Yes, SBA loans are available for RETROFITNESS franchises. Historical data shows 33 SBA 7(a) loans have been approved for RETROFITNESS franchisees, with an average loan amount of $963,452. The historical default rate is 0.0%.
Is RETROFITNESS a good franchise to buy?
RETROFITNESS shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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