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Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Smart for Life including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $22,182,505,000,500 | N/A |
Franchise Fee | $40,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 2% | - |
Year Founded | 1965 | 2002 |
Year Franchised | 1980 | 2004 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Available at headquarters | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
Marketing | Co-op advertising, Regional advertising | - |
Operations |
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The premier physician supervised weight management program offering natural and organic cookie squares along with shakes and soups as meal replacements plus other innovative weight management approaches.