NEWS
Retro Fitness, one of the leading fitness franchises is witnessing a spike in sales, even though the COVID 19 pandemic has taken center stage affecting businesses all over the country. More investors are actively seeking opportunities to start a new set of health and fitness clubs in various parts of the country.
Retro Fitness, a market leader in fitness space with low price offerings that generate higher value made its announcement on the partnership entered into by it with District Real Estate Advisors, one of the commercial retail specialists, for the purpose of catering to the huge demands of investors and franchises that are actively hunting for new opportunities that are hugely profitable all over the country.
The franchise sales of Retro Fitness have seen a major spike in the last few months. A 200% increase in franchise ownership from single to multi-unit ownership was observed this year alone. In addition to that, a strong pipeline of new investors has been developed. This has been possible, owing to the presence of a new leadership team that has also brought along with them a wealth of experience, apart from other benefits that include their new strategic vision, profitable franchise model as well as a significant reduction in franchise opportunities within retail, hospitality and restaurants.
Andrew Alfano, the CEO of Retro Fitness stated that the COVID-19 pandemic had laid greater emphasis on the significance of fitness. Added to that, the financial crisis that had struck various parts of the world due to COVID is only expected to place high-value low-price fitness clubs among the priority lists of consumers. Moreover, he added that the fitness industry would continue to stay and the importance of investing in both physical and mental health would be even more relevant than ever before.
Retro Fitness has been undergoing a period of transformation and is currently offering a full suite of support services, that include site selection for real estate as well as providing a turnkey health club. Moreover, it also offers training and development both on-site as well as at the West Palm Beach Corporate Support Center, apart from developing all marketing and brand support in-house.
Christopher Mearn, Principal of District Real Estate Advisors stated that commercial real estate has touched a serious inflection point, due to the current climate. Therefore, he strongly feels that Retro Fitness would be an ideal candidate in respect of retail opportunities prevailing across the country. He further mentioned that they were excited to partner with Retro Fitness, along with their Area Developers and new franchisees in order to secure the best possible properties and territories for them and their growing fitness communities.
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