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

Diana J. Smith

Major Health Franchise Delivers Economical Health and Health and fitness to Black and Brown Communities

WEST PALM Beach front, Fla., Might 20, 2022 /PRNewswire/ — Retro Physical fitness, a person of the quickest developing overall health club franchises, currently introduced the start of Undertaking Elevate, a new corporation initiative to open up 500 health clubs in 50 Black and Brown communities throughout the country about the following 5 several years. In partnership with the BlackRock Influence Opportunities Fund, and James Collins, Handling Partner of Eastwood Funds Companions, 70 Retro Health and fitness new health and fitness club places are now underway. This software marks the major development offer in the background of Retro Physical fitness.  

In accordance to a examine done by U.S. Department of Wellbeing & Human Companies, African American and Non-Black Hispanic citizens have a better obesity price than other ethnic teams, no matter of socioeconomic standing, which sales opportunities to aspect effects these kinds of as large blood tension, diabetic issues, and several some others that have only been amplified in the course of the pandemic. Retro Health and fitness created this unmatched software to aid spearhead transform and provide cost-effective work out, health and fitness and health options to Black and Brown communities.

“We are enthusiastic to associate with James Collins on our Venture Lift initiative,” explained Andrew Alfano, Chief Govt Officer at Retro Health. “This expense is the biggest development offer in the heritage of the corporation, a lot more importantly we are very pleased that it is about earning a significant difference in Black and Brown communities.”

Retro Physical fitness is searching to incentivize many others to consider this journey with them. Undertaking Carry traders will advantage by receiving a waived franchise cost and 50% off yr just one royalties. Additionally, Retro Conditioning will be donating a share of their royalties back again to an corporation in the group for the everyday living of the small business. This initiative even more supports Retro Fitness’ determination to earning a lasting, profound impression on the wellbeing club market and the communities in which they provide.

“Retro Fitness’ intentionality with Venture Raise greatly appealed to me as there is certainly an prospect to make a true influence by delivering a true feeling of local community, expansive task possibilities, and entry to a substantial-high-quality wellbeing club at an attainable price tag issue,” said James Collins, Controlling Partner at Eastwood Capital Associates. “This partnership is a big accomplishment for me, the two individually and professionally, as we increase consciousness on the significance of actual physical conditioning, whilst offering back again to these Black and Brown communities financially, and I encourage other people to sign up for us as we eagerly, and aggressively, broaden.”

As a planet class franchise, Retro Conditioning is a single of the few franchisors in any marketplace that presents a real, full suite of solutions. In addition to real estate site range and negotiation, construction and delivery of a real turnkey box, dedicated spot professionals and a Aid Heart for instruction and progress, they also supply services that consist of an in-house media company, call middle, and much more, all to guarantee franchisees and buyers are supported from the start out.

For additional facts on Venture Carry and how to come to be an investor, remember to go to

About Retro Health and fitness:

For almost 20 many years, Retro Health and fitness has been offering associates with a timeless strategy to training, wellbeing and health and fitness. With 175 well being clubs open or in progress, Retro Physical fitness is one of the fastest escalating Higher Price-Reduced Cost franchises in the United States. With a new government management staff led by former Starbucks government, Andrew Alfano, Retro Health and fitness delivers traders and franchisees with a complete suite of expert services which include real estate internet site selection, coaching, in-club assist, advertising and marketing products and services, and operations to deliver a turnkey and operational option.

About James Collins:

James Collins is an experienced private equity trader. In the course of his 22 yrs of non-public equity investing, Collins has been an integral member of deal groups that have invested approximately $.5 billion of fairness funds in a number of system investments – consumer items and retail, business expert services, communications, and transportation and logistics businesses. Prior to doing the job as a private equity trader, Collins worked as a strategic management guide and mergers and acquisitions expenditure banker at Bain & Business, Inc. and Bowles Hollowell Connor & Co., respectively. Collins acquired his Bachelor of Organization Administration from Howard College and his Learn in Business Administration from Harvard Enterprise School. He now sits on company and not-for-financial gain boards of administrators, including Details of Light-weight, the world’s biggest corporation focused to volunteer provider, Board of Directors, chairing its Finance, Expenditure and Audit Committee, and serving as a member of Factors of Light’s Government Committee.

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