Gold's Gym

2015 Franchise 500
At a Glance

Products & Services: Health and fitness center

Number of Locations: 721

Total Investment: $1M - $3.97M

Founded: 1965

Began Franchising: 1980

About Gold's Gym

Bodybuilders training outside on Muscle Beach were the first customers for the original Gold's Gym when it opened in Venice, California, in 1965. 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. In addition to running the health club facilities, franchisees sell Gold's Gym licensed apparel through their Pro Shops.

Franchise Units

Year U.S. Canadian International Company Owned
2014 317 16 241 147
2013 331 15 213 101
2012 364 23 217 83
2011 403 24 201 62
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,033,000 - $3,973,000
Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $400,000
30% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Accounts Receivable

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. Advanced training & staffing training : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Regional advertising,
Other marketing support: Marketing campaign & vendor program

Franchise Ranking History

Franchise 500®: #199 (2015), #210 (2014), #192 (2013), #192 (2012), #72 (2011),
America's Top Global: #168 (2014), #65 (2013), #150 (2012), #62 (2011),

Franchise Search

Looking to Start a Business?

Express Employment Professionals has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

International Franchise Expo - June 18-20, 2015

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info