Gold's Gym
#123

Initial Investment

LOW: $2,218,250
HIGH: $5,000,500

Change in Units

-1.8% -13 UNITS (1 Year)
+6.8% +48 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1965

Franchising Since

1980 (36 Years)

Corporate Address

4001 Maple Ave., #200 Dallas, TX 75219

CEO

Brandon Bean

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.

Financials

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

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

Franchise 500® Rank History

Highest Rank: 63

Lowest Rank: 210

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 2 weeks

Training at headquarters: 3 days

Additional Training: Advanced training & staffing training

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
National Media

Absentee Ownership Allowed

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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 16th, 2016

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