Retro Fitness announced that it signed three franchise development agreements with local entrepreneurs to bring multiple gyms to the New York and New Jersey area.
The anticipated business development indicates that Retro Fitness and its franchisees will infuse more than $1 million into the New York and New Jersey market through local investments. Once complete, each new gym will employ at least 25 people.
“Both New York and New Jersey have been home to a variety of our clubs and these markets continue to be a natural fit to our strategic expansion throughout the states,” said Eric Casaburi, CEO and founder of Retro Fitness. “The Retro Fitness business model continues to attract qualified investors who seek a lasting concept offering something unique to the marketplace. We look forward to increasing the brand’s presence in the area and are armed and ready to offer consumers a fitness experience of a lifetime.”
Out of state, existing franchisee Joe Jaccorino purchased his third franchise agreement with Retro Fitness. He currently operates two locations in Staten Island, N.Y. Meanwhile, Vinod Chand, a multi-unit/multi-brand franchisee who owns multiple KFC/Taco Bell has signed on to bring the Retro Fitness brand to Brooklyn, Queens and Nassau County in New York.
Fitness enthusiasts in New York and New Jersey should expect to see new Retro Fitness locations join their communities later in 2019.