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

Main Health Franchise Brings Inexpensive Health and Well being to Black and Brown Communities

WEST PALM BEACH, Fla., Could 20, 2022 /PRNewswire/ — Retro Health, one of many quickest rising well being membership franchises, as we speak introduced the launch of Mission LIFT, a brand new firm initiative to open 500 well being golf equipment in 50 Black and Brown communities throughout the nation over the following 5 years. In partnership with the BlackRock Affect Alternatives Fund, and James Collins, Managing Associate of Eastwood Capital Companions, 70 Retro Health new well being membership areas are actually underway. This program marks the most important improvement deal within the historical past of Retro Health.  

Based on a research accomplished by U.S. Division of Well being & Human Providers, African American and Non-Black Hispanic residents have the next weight problems charge than different ethnic teams, no matter socioeconomic standing, which ends up in unwanted effects similar to hypertension, diabetes, and lots of others which have solely been amplified through the pandemic. Retro Health created this unequalled program to assist spearhead change and convey inexpensive train, well being and health options to Black and Brown communities.

“We’re excited to companion with James Collins on our Mission LIFT initiative,” stated Andrew Alfano, Chief Govt Officer at Retro Health. “This funding is the most important improvement deal within the historical past of the corporate, extra importantly we’re proud that it’s about making a major distinction in Black and Brown communities.”

Retro Health is trying to incentivize others to take this journey with them. Mission LIFT buyers will profit by receiving a waived franchise charge and 50% off 12 months one royalties. Moreover, Retro Health might be donating a share of their royalties again to a corporation throughout the neighborhood for the lifetime of the enterprise. This initiative additional helps Retro Health’ dedication to creating a long-lasting, profound influence on the well being membership trade and the communities wherein they serve.

“Retro Health’ intentionality with Mission LIFT drastically appealed to me as there’s a possibility to make an actual influence by offering a real sense of neighborhood, expansive job alternatives, and entry to a high-quality well being membership at an attainable value level,” stated James Collins, Managing Associate at Eastwood Capital Companions. “This partnership is a big accomplishment for me, each personally and professionally, as we increase consciousness on the significance of bodily health, whereas giving again to those Black and Brown communities financially, and I encourage others to affix us as we eagerly, and aggressively, broaden.”

As a world class franchise, Retro Health is among the few franchisors in any trade that gives a real, full suite of providers. Along with actual property web site choice and negotiation, building and supply of a real turnkey field, devoted space managers and a Help Heart for coaching and improvement, additionally they supply providers that encompass an in-house media company, name heart, and extra, all to make sure franchisees and buyers are supported from the beginning.

For extra data on Mission LIFT and the best way to turn out to be an investor, please go to https://www.retrofitness.com/franchising/project-lift/

About Retro Health:
For practically 20 years, Retro Health has been offering members with a timeless strategy to train, well being and health. With 175 well being golf equipment open or in improvement, Retro Health is among the quickest rising Excessive Worth-Low Worth franchises in the USA. With a brand new govt management staff led by former Starbucks govt, Andrew Alfano, Retro Health supplies buyers and franchisees with a full suite of providers together with actual property web site choice, coaching, in-club help, advertising providers, and operations to ship a turnkey and operational resolution.

About James Collins:
James Collins is an skilled non-public fairness investor. Throughout his 22 years of personal fairness investing, Collins has been an integral member of deal groups which have invested roughly $0.5 billion of fairness capital in a number of platform investments – shopper merchandise and retail, enterprise providers, communications, and transportation and logistics firms. Previous to working as a personal fairness investor, Collins labored as a strategic administration advisor and mergers and acquisitions funding banker at Bain & Firm, Inc. and Bowles Hollowell Connor & Co., respectively. Collins earned his Bachelor of Enterprise Administration from Howard College and his Grasp in Enterprise Administration from Harvard Enterprise College. He at the moment sits on company and not-for-profit boards of administrators, together with Factors of Gentle, the world’s largest group devoted to volunteer service, Board of Administrators, chairing its Finance, Funding and Audit Committee, and serving as a member of Factors of Gentle’s Govt Committee.

SOURCE Retro Health