Retro Fitness, a national fitness franchise, has signed franchise agreements with local entrepreneurs to bring more gyms to New Jersey and New York.
“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,” Eric Casaburi, CEO and founder of Retro Fitness, said. “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.”
Retro Fitness said it will infuse approximately $1 million into the two states’ economies through local investments. Each gym is expected to employ at least 25 workers.
Bill Iovino, who currently operates four Retro Fitness locations throughout New Jersey, has added partners Neel Patel, Robert Clayton and Allen Last Ratz to open his fifth location in North Jersey, the company said.
The company also plans to bring three other gyms (Staten Island, Brooklyn and Nassau County) to New York, it said.