My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Gold's Gym
Health and fitness centers

About
Founded

1965

Franchising Since

1980 (38 Years)

Corporate Address

4001 Maple Ave., #200
Dallas, TX 75219

CEO

Brandon Bean

Financial Requirements
Initial Investment

$2,218,250 - $5,000,500

Net-worth Requirement

$1,000,000

Liquid Cash Requirement

$400,000

Ongoing Fees
Initial Franchise Fee

$40,000 - $40,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options

Gold's Gym has relationships with third-party sources which offer financing to cover the following: 
equipment

Veteran Incentives

20% off franchise fee

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

4+ hours

Classroom Training:

29 hours

Additional Training:

Advanced training & staffing training

Absentee Ownership Allowed
Bio
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.
Cost
Initial Investment: Low - $2,218,250 High - $5,000,500
Units
-0.6%-4 UNITS (1 Year) -0.3%-2 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Leadership Lessons from the Mayor Who Put an Obese City on a Diet

Mayor Cornett's citywide weight-loss challenge revived the town's small business scene, and revealed strategies for undertaking ambitious goals.

More Women Are Entering Franchising -- and It's Changing the Industry

Women are buying franchises at a rate far faster than men. Now the industry is asking itself: Why?

To Compete Against Other Salons, Sports Clips Made It Easier for Franchisees to Run Their Businesses

It upgraded the point-of-sale systems at all 1,750 locations and introduced online check-in, a service popular with competitors.

The 7 Cheapest Franchises on the Entrepreneur Franchise 500 List

Seven inexpensive franchises you can buy for less than $5,000.

How Hardee's Shed Its Bikini-Centric Ad Strategy, and Cleverly Grew Up

The franchise is repositioning itself as forward-thinking.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 20th, 2017