Find out what franchise is right for you
2021 Franchise 500 Rank
N/R Ranked #427 last year
See the Full List
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
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# 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?
No
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

Top Global Franchises

Want to stay updated on the latest franchise news?

Never miss a beat when you sign up to receive our newsletter.

We care about the protection of your data. Read our Privacy Policy

Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Gold's Gym.

Iris Environmental Laboratories

Iris Environmental Laboratories

Asbestos and mold inspections and testing
Lash Loft, The

Lash Loft, The

Eyelash- and eyebrow-related services
Sport Clips

Sport Clips

Men's sports-themed hair salons

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

In the face of employee shortages, McDonald's will raise the salaries of its staff, but only in the US and not all

A few weeks ago, the fast food chain complained that 'no one wants to work anymore'. Now, it will increase salaries by 10% to avoid staff turnover.

Entrepreneur en Español

· 3 min read

How to Maximize Franchise-Sales Earnings in a Post-Pandemic World

Financial performance representations can be a valuable tool in the process, but there are other tested strategies.

Mark Siebert

· 4 min read

Children's-Education Franchises Are Going Hi-Tech

New technologies have created innovative ways to teach and communicate with customers. 

Rick Grossmann

· 4 min read

Young people scam KFC by buying free food and reselling it

College students from China cost the brand more than $ 30,000.

Entrepreneur en Español

· 2 min read

Emily Rella

· 3 min read

Entrepreneur Franchise of the Day: City Wide Facility Solutions

City Wide manages all sorts of building-maintenance services, from lawn and landscaping to security, handyman to janitorial.

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