Gold's Gym
#427 Franchise 500| Health and fitness centers

About
Founded

1965

Franchising Since

1980 (40 Years)

Corporate Address

4001 Maple Ave., #200
Dallas, TX 75219

Leadership

Kevin Christie, VP of Global Franchising

Parent Company

Gold's Gym

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 first-unit franchise fee

Support Options
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

Social media

SEO

Email marketing

Loyalty program/app

On-The-Job Training:

5 hours

Classroom Training:

30 hours

Additional Training:

Advanced training & staffing training

Absentee Ownership Allowed
Gold's Gym is ranked #427 in the Franchise 500!
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
+2.6%+18 UNITS (1 Year) -0.3%-2 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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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: October 3rd, 2020