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2024 Franchise 500 Rank
#176 Ranked #276 last year
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Initial investment
$1.8M - $4.3M
Units as of 2024
590 Decrease 2% over 3 years

Company Overview

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.

About Gold's Gym

Industry Health & Wellness
Related Categories Fitness
Founded 1965
Parent Company RSG Group
Leadership Kevin Christie, VP of Global Franchising
Corporate Address 5420 LBJ Fwy., #300
Dallas, TX 75240
Social Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest, TikTok

Business Overview

Franchising Since 1980 (44 years)
# of employees at HQ 125
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 590 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Gold's Gym franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$40,000
Initial Investment Information Circle
$1,778,000 - $4,347,000
Net Worth Requirement Information Circle
$1,000,000
Cash Requirement Information Circle
$400,000
Veteran Incentives Information Circle
20% off first-unit franchise fee
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Gold's Gym has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 12 hours
Classroom Training 20 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Gold's Gym landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022