Ray Lauletti named VP of real estate and development
Retro Fitness, a low-cost, high-value fitness franchise, along with its sister-brand Let’s YO!, a fresh, all-natural frozen yogurt shop, announced today the appointment of Ray Lauletti as Vice President of Real Estate and Development.
Lauletti brings to the position 25 years of business and real estate development experience. Most recently, Lauletti served as Director of Development for Popeye’s Louisiana Kitchen where he spearheaded the brand’s development efforts in the Eastern United States. Throughout his professional career, Lauletti has held other key leadership and real estate development positions for brands such as Sbarro, Boston Market, SuperValu and Friendly’s.
In his new position, Lauletti will play a vital role in increasing depth to the brands’ franchise development system and franchisee support. Armed with a track record of positive results, Lauletti will work hand-in-hand with Let’s YO! and Retro Fitness franchisees to facilitate and execute new store openings by taking them through each step of the sign-to-open process, including site identification, negotiating real estate costs, general support and more. This addition to the franchise development team will streamline the opening process for franchisees and corporate alike, providing extended support to these two rapidly growing franchise concepts.
With more than 100 gyms open in 13 states and another 100 planned to open in 2014, Retro Fitness expects to have more than 300 locations in its franchise system within the next three years. Let’s YO! has more than 30 locations in operation across the eastern half of the country, with 50 additional units slated to open along the East Coast within the next year.