Gold's Gym vs Pee Wee Workout Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Pee Wee Workout including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Gold's Gym Franchise
Pee Wee Workout Franchise
Investment $22,182,505,000,500$18,000
Franchise Fee $40,000$15,000
Royalty Fee 5%10%
Advertising Fee 2%-
Year Founded 19651986
Year Franchised 19801988
Term Of Agreement -5 years
Term Of Agreement -5 years
Renewal Fee -$250


Business Experience Requirements

 
Gold's Gym Franchise
Pee Wee Workout Franchise
Experience
  • Industry experience
  • General business experience

  • Industry experience
  • General business experience
  • Marketing skills

  • Financing Options

     
    Gold's Gym Franchise
    Pee Wee Workout Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Gold's Gym Franchise
    Pee Wee Workout Franchise
    Training Available at headquartersVideo-based training program
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsNewsletter, Toll-free phone line, Internet, Purchasing cooperatives
    Marketing Co-op advertising, Regional advertisingAd slicks
    Operations 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    Franchise can be run from home.

    0% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

     
    Gold's Gym Franchise
    Pee Wee Workout Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    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. With its intense, no-frills atmosphere, the gym soon became known as the 'Mecca of Bodybuilding.' 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, and franchises account for more than 90 percent of its locations. In addition to running the health club facilities, franchisees sell Gold's Gym licensed apparel through their Pro Shops.

    "franchiserankingscom"
    #61 on Franchise Rankings.com

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    #427 in Franchise 500 for 2020.


    About Pee Wee Workout