My Gym Children's Fitness Center vs Retro Fitness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Gym Children's Fitness Center vs Retro Fitness including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
My Gym Children's Fitness Center Franchise
Retro Fitness Franchise
Investment $36,760 - $277,200$939,250 - $1,600,500
Franchise Fee $25,000 - $55,000$69,000
Royalty Fee 7%-8%5%
Advertising Fee 1%2%
Year Founded 19832002
Year Franchised 19952006
Term Of Agreement 12 years10 years
Term Of Agreement 12 years10 years
Renewal Fee --


Business Experience Requirements
 
My Gym Children's Fitness Center Franchise
Retro Fitness Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• Net worth requirement: $1M+ Cash liquidity requirement: $200K Business Experience: * General business experience

    Financing Options
     
    My Gym Children's Fitness Center Franchise
    Retro Fitness Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    My Gym Children's Fitness Center Franchise
    Retro Fitness Franchise
    Training On-The-Job Training: 40 hours Classroom Training: 19 hours On-The-Job Training: 50 hours Classroom Training: 20 hours
    Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations 20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 10

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		* 25% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 20 * Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators)

    Expansion Plans
     
    My Gym Children's Fitness Center Franchise
    Retro Fitness Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About My Gym Children's Fitness Center

    Welcome to the exciting business of children's gyms! The timing is right The children's fitness industry offers a vast marketplace where the potential has now become even greater because of school budget cuts, decreasing opportunities for safe play in parks and neighborhoods, and the appalling state of the physical fitness of our youth. Millions of our children are overweight, inactive and below minimum standards for strength, flexibility and endurance. The need for more children's gyms is apparent, and the field offers an abundance of opportunities to those who love children.
    Improve the lives of children Our innovative and carefully structured programs, along with our ideal student/teacher ratio and noncompetitive atmosphere, allow children to discover what great things they can accomplish. My Gym Kids have so much fun developing strength, balance, coordination, agility, flexibility, fine and gross motor proficiency, social skills and self-esteem as they run, jump, tumble, dance and sing.
    Be your own boss Our franchisees derive real satisfaction from running a business
    that promotes the physical and emotional health of our world's most precious resource, our children.
    Veteran Incentives  $10,000 off franchise fee
    #202 in Franchise 500 for 2020.

    About Retro Fitness

    Eric Casaburi began Retro Fitness with a simple philosophy, "More fitness, Less money, by providing an exciting and inviting environment for exercising, fitting to any fitness enthusiast budget". We are actively looking for qualified entrepreneurs with the motivation and determination to build a successful business.
    A qualified Retro Fitness Franchise candidate appreciates and understands excellent customer service, enjoys interacting with the general public, has a general understanding of management/budgets, has significant financial resources, and is comfortable following established business parameters. Candidates fitting these criteria are invited to take the next step in finding out if a Retro Fitness Franchise is the business opportunity for you by completing our online application. As a Retro Fitness Franchisee you will have the opportunity to reap the rewards that are produced through consistent application of our business practices that benefit our thousands of members everyday. It's an awesome time for Retro Fitness, enjoying the benefits of keeping people healthy and fit while earning a living.
     PRODUCTS AND SERVICES
    A sample of some of the products and services you may offer as a Retro fitness Franchisee include:
     * Full Service Fitness Center including: 50+ pieces of various Cardiovascular equipment. Various CircuitTraining/Strength Training equipment and Free Weights.
     * RetroBlends Juice Bar
     * Personal Training Services
     * Tanning
     * Retro Cardio Movie Theatre
    Veteran Incentives  10% off franchise fee

    "Entrepreneur
    #474 in Franchise 500 for 2020.