Retrofitness FDD – Franchise Information, Costs and Fees
Type of Business
The franchisee will provide discount fitness programs in a specially designed format. Their business model is based on offering exercise/fitness training programs and related services to members for a monthly fee.
Corporate Information
Retrofitness, LLC is a Delaware limited liability company, formed on August 6, 2008. Their principal business address is 1601 Belvedere Road, Suite E-500, West Palm Beach, FL 33406.
Investment
The total investment necessary to begin operation of a Retrofitness franchise is between $1,274,466 and $2,088,216. This includes between $46,716 and $76,716 that must be paid to the franchisor or affiliate.
Retrofitness area developers acquire the right to develop multiple Retrofitness outlets in a designated development area. The total investment necessary to begin operation of a Retrofitness area developer business will depend on the number of Retrofitness outlets to be opened. The development fee is
$10,000 for each outlet to be developed under the Area Development Agreement. A minimum of four outlets must be developed; there is no maximum number of outlets you can develop. Upon signing an Area Development Agreement to develop the minimum number of outlets (4), you will pay the franchisor a development fee equal to $40,000 ($10,000 for each outlet), plus initial fees for your first outlet ranging between $46,716 and $76,716. The total investment necessary to begin operation of your first Retrofitness® franchised outlet under an Area Development Agreement that requires the development and operation of four outlets ranges from $1,314,446 – $2,128,216. This includes $86,716 to $116,716 that must be paid to the franchisor or affiliate. If you develop all four outlets, your total investment will be $5,137,864 to $8,392,864; this includes $226,864 to $346,864 you must pay to franchisor or affiliate.
