Two multi-million dollar homes are currently on the market owned by Retro Fitness founder and CEO Eric Casaburi, a Marlboro native who founded the first Retro Fitness gym in Ocean County in 2004 (there are now 62 Retro Fitness locations in New Jersey and more than 100 nationwide) and who has opened five Let’s YO! locations.
Are there any Retro Fitness gyms in the state of New Jersey?
- Retro Fitness’ founder is selling his two properties in New Jersey. Yes, there is a gym on the premises. (PHOTOS courtesy of nj.com) Retro Fitness’ founder is selling his two properties in New Jersey. Yes, there is a gym on the premises. (PHOTOS) According to the two New Jersey properties that the man behind the “More fitness, less money” motto is currently attempting to sell, it appears that he has turned his theory into some considerable cash.
- 1 How much is the owner of Retro Fitness worth?
- 2 What happened to Retro Fitness?
- 3 How much do Retro Fitness owners make?
- 4 Who is the CEO of Retro Fitness?
- 5 What company owns Planet Fitness?
- 6 Who founded Retro Fitness?
- 7 How many locations does Retro Fitness have?
- 8 Where is the first Retro Fitness?
- 9 Where does owner of Retro Fitness live?
- 10 Is Planet Fitness publicly traded?
- 11 Can you make money owning a gym?
- 12 Does Retro Fitness have an annual fee?
- 13 What is retro franchising?
How much is the owner of Retro Fitness worth?
Eric Casaburi’s net worth is $30 million dollars. Eric Casaburi is an American businessman who has amassed a fortune of $30 million dollars throughout his career. Eric Casaburi was born and reared in the state of New Jersey. Following the death of his mother when he was 15, he became obsessed with fitness in order to distract himself from his sadness.
What happened to Retro Fitness?
Retro Fitness – Cortlandt Manor was forced to close its doors unexpectedly last weekend without giving any notice. Retro Fitness, a New Jersey-based firm, is a fitness facility offering classes, exercise machines, a childcare center, and a smoothie bar that is inspired by the 1980s.
How much do Retro Fitness owners make?
$443K. Owners of retro fitness franchises in the top 10 percent of the market reported an average EBITDA of $1 million. An average of $257,000 in EBITDA is reported by the top 50 percent of owners.
Who is the CEO of Retro Fitness?
Retro Fitness, based in Colts Neck, New Jersey, has named Andrew Alfano as its new CEO, according to the firm. Alfano, who formerly worked as an executive at Starbucks Coffee Co., was hired in mid-May, according to Retro Fitness CEO Eric Casaburi, but the firm did not publicly disclose his employment until July 31, according to the company’s website.
What company owns Planet Fitness?
TSG’s engagement with the Planet Fitness brand dates back to November 2012, when the company purchased a controlling share in the company. 20
Who founded Retro Fitness?
When it comes to expanding his business throughout the country while simultaneously motivating his employees and clientele to be their best selves, Eric Casaburi, the founder of Retro Fitness, shares his insights.
How many locations does Retro Fitness have?
Retro Fitness has a number of different locations. Retro Fitness now has more than 120 franchise sites that are either operating or in the process of being developed.
Where is the first Retro Fitness?
When Casaburi bought three local New Jersey gyms in 1997, they were eventually renovated into the first Retro Fitness facilities, which opened in Brick, Stafford, and Lumberton in 2005. The basis on which Casaburi founded the Retro Fitness concept was high-quality equipment available at a modest price ($19.99 a month), which elicited nostalgic feelings for the past.
Where does owner of Retro Fitness live?
Casaburi currently resides in Orlando, Florida, with his wife Kim and their four children.
Is Planet Fitness publicly traded?
As the stock of Planet Fitness continued to fall in early March, CEO Chris Rondeau began making the first open-market purchases of the business’s stock since the company went public in 2015, according to the Wall Street Journal.
Can you make money owning a gym?
Ownership of a gym is not typically accompanied with a regular wage. Earnings are determined by the amount of profit you make, the number of hours you’re willing to put in to keep personnel expenses down, and the amount of cash you want to spend back into your firm. The good news is that if you manage a lucrative gym, you have complete control over your compensation.
Does Retro Fitness have an annual fee?
Fees for Retro Fitness Memberships Choosing to become a member of a club will cost you $49 per year, plus a monthly charge starting at $24.99 per person each month. The cost of $34.99 gets you unlimited access to all Retro Fitness clubs, including all of their equipment, courses, and personal trainer sessions, and there are no cancellation penalties.
What is retro franchising?
Retro franchising, sometimes known as Refranchising, is the practice of offering for sale existing sites that may or may not have previously been franchised, and which are still run by the franchisor, to prospective franchisees.