diff --git a/scripts/circleci/retry.js b/scripts/circleci/retry.js
new file mode 100644
index 00000000000000..57649b7ea45c18
--- /dev/null
+++ b/scripts/circleci/retry.js
@@ -0,0 +1,41 @@
+/**
+ * Copyright (c) Meta Platforms, Inc. and affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @format
+ * @oncall react-native
+ */
+
+const {spawnSync} = require('child_process');
+
+async function retry(command, options, maxRetries, delay, args) {
+  for (let i = 1; i <= maxRetries; i++) {
+    console.log(`Attempt ${i}: ${command}`);
+    const result = spawnSync(command, args ? args : [], options);
+
+    if (result.status === 0) {
+      console.log(`Command succeeded on attempt ${i}`);
+      return true;
+    }
+
+    console.log(`Command failed on attempt ${i}`);
+
+    if (i >= maxRetries) {
+      console.log('Maximum retries reached. Exiting.');
+      return false;
+    }
+
+    if (delay > 0) {
+      console.log(`Sleeping for ${delay} seconds...`);
+      await new Promise(resolve => setTimeout(resolve, delay));
+    }
+
+    console.log('Retrying...');
+  }
+}
+
+module.exports = {
+  retry,
+};
diff --git a/scripts/circleci/run_with_retry.js b/scripts/circleci/run_with_retry.js
index a771521167983b..ca81dd81f6abe2 100755
--- a/scripts/circleci/run_with_retry.js
+++ b/scripts/circleci/run_with_retry.js
@@ -7,25 +7,17 @@
  * @format
  */
 
-const {spawnSync} = require('child_process');
+const {retry} = require('./retry');
 
-function retryCommand(maxRetries, command) {
-  for (let i = 1; i <= maxRetries; i++) {
-    console.log(`Attempt ${i}: ${command}`);
-    const result = spawnSync(command, {shell: true, stdio: 'inherit'});
-
-    if (result.status === 0) {
-      console.log(`Command succeeded on attempt ${i}`);
-      process.exit(0);
-    } else {
-      console.log(`Command failed on attempt ${i}`);
-      if (i < maxRetries) {
-        console.log('Retrying...');
-      } else {
-        console.log('Maximum retries reached. Exiting.');
-        process.exit(1);
-      }
-    }
+async function retryCommand(maxRetries, command) {
+  const success = await retry(
+    command,
+    {shell: true, stdio: 'inherit'},
+    maxRetries,
+    0,
+  );
+  if (!success) {
+    process.exit(1);
   }
 }
 
diff --git a/scripts/template/initialize.js b/scripts/template/initialize.js
index 462e5a0e136928..f04907fe838f73 100644
--- a/scripts/template/initialize.js
+++ b/scripts/template/initialize.js
@@ -10,10 +10,11 @@
 'use strict';
 
 const yargs = require('yargs');
-const {execSync, spawnSync} = require('child_process');
+const {execSync} = require('child_process');
 
 const forEachPackage = require('../monorepo/for-each-package');
 const setupVerdaccio = require('../setup-verdaccio');
+const {retry} = require('../circleci/retry');
 
 const {argv} = yargs
   .option('r', {
@@ -42,54 +43,69 @@ const {reactNativeRootPath, templateName, templateConfigPath, directory} = argv;
 
 const VERDACCIO_CONFIG_PATH = `${reactNativeRootPath}/.circleci/verdaccio.yml`;
 
-function install() {
+async function install() {
   const VERDACCIO_PID = setupVerdaccio(
     reactNativeRootPath,
     VERDACCIO_CONFIG_PATH,
   );
-  process.stdout.write('Bootstrapped Verdaccio \u2705\n');
-
-  process.stdout.write('Starting to publish every package...\n');
-  forEachPackage(
-    (packageAbsolutePath, packageRelativePathFromRoot, packageManifest) => {
-      if (packageManifest.private) {
-        return;
-      }
-
-      execSync('npm publish --registry http://localhost:4873 --access public', {
-        cwd: packageAbsolutePath,
+  try {
+    process.stdout.write('Bootstrapped Verdaccio \u2705\n');
+
+    process.stdout.write('Starting to publish every package...\n');
+    forEachPackage(
+      (packageAbsolutePath, packageRelativePathFromRoot, packageManifest) => {
+        if (packageManifest.private) {
+          return;
+        }
+
+        execSync(
+          'npm publish --registry http://localhost:4873 --access public',
+          {
+            cwd: packageAbsolutePath,
+            stdio: [process.stdin, process.stdout, process.stderr],
+          },
+        );
+
+        process.stdout.write(
+          `Published ${packageManifest.name} to proxy \u2705\n`,
+        );
+      },
+    );
+
+    process.stdout.write('Published every package \u2705\n');
+
+    execSync(
+      `node cli.js init ${templateName} --directory ${directory} --template ${templateConfigPath} --verbose --skip-install`,
+      {
+        cwd: `${reactNativeRootPath}/packages/react-native`,
         stdio: [process.stdin, process.stdout, process.stderr],
-      });
-
-      process.stdout.write(
-        `Published ${packageManifest.name} to proxy \u2705\n`,
-      );
-    },
-  );
-
-  process.stdout.write('Published every package \u2705\n');
+      },
+    );
+    process.stdout.write('Completed initialization of template app \u2705\n');
 
-  execSync(
-    `node cli.js init ${templateName} --directory ${directory} --template ${templateConfigPath} --verbose --skip-install`,
-    {
-      cwd: `${reactNativeRootPath}/packages/react-native`,
+    process.stdout.write('Installing dependencies in template app folder...\n');
+    const options = {
+      cwd: directory,
       stdio: [process.stdin, process.stdout, process.stderr],
-    },
-  );
-  process.stdout.write('Completed initialization of template app \u2705\n');
-
-  process.stdout.write('Installing dependencies in template app folder...\n');
-  spawnSync('yarn', ['install'], {
-    cwd: directory,
-    stdio: [process.stdin, process.stdout, process.stderr],
-  });
-  process.stdout.write('Installed dependencies via Yarn \u2705\n');
+    };
+    const success = await retry('yarn', options, 3, 500, ['install']);
 
-  process.stdout.write(`Killing verdaccio. PID — ${VERDACCIO_PID}...\n`);
-  execSync(`kill -9 ${VERDACCIO_PID}`);
-  process.stdout.write('Killed Verdaccio process \u2705\n');
-
-  process.exit();
+    if (!success) {
+      process.stdout.write(
+        'Failed to install dependencies in template app folder.',
+      );
+      throw new Error('Failed to install dependencies in template app folder.');
+    }
+
+    process.stdout.write('Installed dependencies via Yarn \u2705\n');
+  } finally {
+    process.stdout.write(`Killing verdaccio. PID — ${VERDACCIO_PID}...\n`);
+    execSync(`kill -9 ${VERDACCIO_PID}`);
+    process.stdout.write('Killed Verdaccio process \u2705\n');
+  }
 }
 
-install();
+install().then(() => {
+  console.log('Done with preparing the project.');
+  process.exit();
+});