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

,

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.

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.

5 Myths About Successful Franchisees

It's important to dispel these falsehoods to paint a clearer picture of what it takes to be successful.

The Rise and Fall of Chuck E. Cheese, Which Just Filed for Bankruptcy

The chain's parent company, CEC Entertainment, filed for Chapter 11 on Thursday, citing pandemic-related reasons.

Free Webinar | June 29: The Future of Business and Franchising: Strategies for Momentum and Growth

Join us as our experts discuss successful strategies to adapt your business to thrive while others fail and more.

Fight for Your Franchise Challenge, Week 12: Become a Stronger Leader With These Proven Tactics

Leadership-development tips and strategies from your 'Franchise Bible' coach.

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: April 20th, 2020