Since 1965, Gold's Gym has been a leader in the fitness industry. With its headquarters in Dallas, Texas, Gold's Gym started franchising in 1980 and has grown to an estimated 595 units. The franchise offers a wide array of services and amenities to members, designed to cater to fitness enthusiasts of all levels.
Franchise Details
Gold's Gym franchises offer numerous packages to ensure franchisees have everything they need. This includes cardio and resistance training equipment, group fitness, personal training, kids' clubs, and pro shops. There are also optional amenities like cardio cinema, courts for various sports, and smoothie bars.
Training and Support
- Initial Training: 20 hours of classroom training and 12 hours of on-the-job training at the headquarters in Dallas, Texas.
- Additional Training: Required for optional studio programs or as specified by the franchisor.
- Annual Convenings: Attendance at annual conventions organized for Gold’s Gym operators is mandatory.
- Ongoing Training: Periodically provided by the franchisor as required.
Investment Overview
Starting a Gold’s Gym franchise requires a significant investment. The estimated initial investment ranges from $1,478,000 to $3,647,000. Here are key components of the investment:
- Initial Franchise Fee: $40,000
- Leasehold Improvements: $1,000,000 - $2,000,000
- Selectorized Equipment and Weights: $100,000 - $500,000
- Cardiovascular Equipment: $150,000 - $250,000
- Advertising and Marketing: $25,000 - $120,000
Financial Assistance
Gold's Gym does not provide direct or indirect financing, nor guarantees a franchisee's note, lease, or other obligations.
Fees and Other Financial Obligations
- Royalty Fee: Greater of 5% of gross revenue monthly or $2,000 per month
- Marketing Contribution: Greater of 2% of gross revenue monthly or $1,350 per month
Territory and Location
Franchisees are granted a territory that varies in size depending on demographic and geographic factors. The minimum territory could range from one-eighth of a mile in dense urban areas to up to three miles in rural areas.
Term and Renewal
The initial term of the franchise agreement is 10 years. Franchisees compliant with the agreement may renew for a successor term, which involves signing the current franchise agreement at renewal time.
Key Takeaways
- Established History: Over 55 years in the fitness industry.
- Diverse Revenue Streams: Multiple services and products offered within the gym.
- Comprehensive Training: Extensive initial and ongoing support from the franchisor.
- High Initial Investment: Significant capital required to start a franchise.
- Exclusive Territory: Protected area for franchise operations.
If you’re interested in learning more about the Gold’s Gym franchise opportunity, we invite you to download the full Franchise Disclosure Document (FDD) or fill out the free information request form on this page. Take the first step toward joining one of the most recognizable names in the fitness industry today!
