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2021 Franchise 500 Rank
N/R Ranked #427 last year
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Initial investment
$2.2M - $5M
Units as of 2019
721 -0.3% 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

Related Categories
Fitness
Founded
1965
Parent Company
Gold's Gym
Leadership
Kevin Christie, VP of Global Franchising

Franchising Overview

Franchising Since
1980 (41 years)
# of employees at HQ
125
# of Units
721 (as of 2019)

Franchisor Information

Corporate Address
4001 Maple Ave., #200
Dallas, TX 75219

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
$40,000
Initial Investment
$2,218,250 - $5,000,500
Net Worth Requirement
$1,000,000
Cash Requirement
$400,000
Veteran Incentives
20% off first-unit franchise fee
Royalty Fee
5%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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: 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
5 hours
Classroom Training
30 hours
Additional Training
Advanced training & staffing training
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where Gold's Gym ranked on other franchise lists? Find out below.

Ranked #46

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021