Gold's Gym Franchising LLC

Health, racquet and sports club.

Year began: 1965    Franchising since: 1980
Bodybuilders training outside on Muscle Beach were the first customers for the original Gold’s Gym when it opened in Venice, California, in 1965. With its intense, no-frills atmosphere, the gym soon became known as the “Mecca of Bodybuilding.” Arnold Schwarznegger’s movie “Pumping Iron” focused on Gold’s Gym, propelling it into the spotlight in 1975.

Gold’s Gym has been franchising since 1980, and franchises account for more than 90 percent of its locations. In addition to running the health club facilities, franchisees sell Gold’s Gym licensed apparel through their Pro Shops.
125 E. John Carpenter Fwy., #1300
Irving, TX 75062

Phone: (214)296-5830
Fax: (214)296-5066

Franchisor has 100 employee(s); 16 employee(s) in franchise department.


Franchise Growth

Year

2007
2006
2005
2004
U.S. Franchises
467
626
580
540
Canadian Franchises
10
10
11
14

Foreign Franchises
106
94
88
63
Company
Owned

53
48
38
37

Costs & Fees

Total investment: $961.5K-3.6M
Franchise fee: $17.5K-25K
Ongoing royalty fee: 3%
Term of agreement: 10 years, renewable
Renewal fee: 50% of initial fee
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoYes
Accounts ReceivableNoYes
PayrollNoYes

Training & Support

TRAINING

ONGOING SUPPORT

MARKETING SUPPORT

Rankings in Entrepreneur magazine 2004-2008

Franchise 500® rank:
#183 (2008); #63 (2007); #76 (2006); #144 (2005); #238 (2004);

Fastest-Growing Franchises:
#89 (2007);

America's Top Global Franchises:
#56 (2007); #64 (2006); #99 (2005); #170 (2004);