Retro Fitness Announces Project LIFT, the Largest Development Deal in Company History | News

Main Exercise Franchise Provides Economical Health and Health and fitness to Black and Brown Communities

WEST PALM Beach front, Fla., Could 20, 2022 /PRNewswire/ — Retro Fitness, one of the swiftest growing overall health club franchises, these days announced the start of Project Raise, a new corporation initiative to open up 500 well being golf equipment in 50 Black and Brown communities across the region around the subsequent 5 a long time. In partnership with the BlackRock Affect Alternatives Fund, and James Collins, Handling Lover of Eastwood Capital Companions, 70 Retro Fitness new well being club places are now underway. This software marks the most significant development deal in the historical past of Retro Health and fitness.  

According to a analyze concluded by U.S. Department of Wellness & Human Providers, African American and Non-Black Hispanic citizens have a bigger obesity fee than other ethnic teams, regardless of socioeconomic status, which potential customers to aspect effects this sort of as substantial blood strain, diabetes, and quite a few other people that have only been amplified in the course of the pandemic. Retro Exercise designed this unequalled program to enable spearhead change and provide cost-effective exercising, wellbeing and exercise methods to Black and Brown communities.

“We are thrilled to associate with James Collins on our Undertaking Elevate initiative,” said Andrew Alfano, Chief Government Officer at Retro Physical fitness. “This financial commitment is the most significant advancement deal in the record of the enterprise, additional importantly we are very pleased that it is about making a considerable distinction in Black and Brown communities.”

Retro Health is looking to incentivize other folks to choose this journey with them. Undertaking Lift buyers will profit by obtaining a waived franchise price and 50% off calendar year one particular royalties. Additionally, Retro Conditioning will be donating a proportion of their royalties back again to an business inside of the group for the existence of the small business. This initiative even more supports Retro Fitness’ determination to creating a lasting, profound effects on the wellness club marketplace and the communities in which they serve.

“Retro Fitness’ intentionality with Undertaking Elevate tremendously appealed to me as there’s an prospect to make a real impression by offering a genuine feeling of neighborhood, expansive occupation chances, and accessibility to a higher-quality well being club at an attainable selling price level,” said James Collins, Handling Spouse at Eastwood Capital Associates. “This partnership is a big accomplishment for me, the two personally and professionally, as we raise consciousness on the relevance of actual physical conditioning, while giving back to these Black and Brown communities economically, and I encourage others to join us as we eagerly, and aggressively, grow.”

As a globe class franchise, Retro Fitness is just one of the handful of franchisors in any market that provides a genuine, comprehensive suite of solutions. In addition to authentic estate web page collection and negotiation, construction and delivery of a real turnkey box, devoted space administrators and a Aid Heart for education and progress, they also offer companies that consist of an in-house media company, simply call center, and more, all to be certain franchisees and investors are supported from the get started.

For more facts on Project Raise and how to turn into an investor, you should pay a visit to https://www.retrofitness.com/franchising/job-lift/

About Retro Health and fitness:

For approximately 20 a long time, Retro Fitness has been delivering members with a timeless solution to exercising, well being and conditioning. With 175 health clubs open or in advancement, Retro Exercise is a single of the swiftest expanding Large Value-Low Cost franchises in the United States. With a new government management group led by former Starbucks government, Andrew Alfano, Retro Conditioning presents traders and franchisees with a total suite of companies which include authentic estate website range, instruction, in-club guidance, internet marketing companies, and functions to produce a turnkey and operational alternative.

About James Collins:

James Collins is an skilled non-public equity investor. All through his 22 several years of personal fairness investing, Collins has been an integral member of offer teams that have invested around $.5 billion of fairness cash in many platform investments – client merchandise and retail, business solutions, communications, and transportation and logistics organizations. Prior to operating as a personal equity trader, Collins labored as a strategic administration specialist and mergers and acquisitions investment banker at Bain & Corporation, Inc. and Bowles Hollowell Connor & Co., respectively. Collins attained his Bachelor of Organization Administration from Howard College and his Learn in Company Administration from Harvard Business Faculty. He at the moment sits on corporate and not-for-earnings boards of directors, like Details of Gentle, the world’s premier organization dedicated to volunteer assistance, Board of Directors, chairing its Finance, Expenditure and Audit Committee, and serving as a member of Factors of Light’s Govt Committee.

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