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Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Keep Flippin' 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 | $128,217 - $203,217 |
Franchise Fee | $40,000 | $35,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 2% | 2% |
Year Founded | 1965 | - |
Year Franchised | 1980 | - |
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 | # A two week training program at our Jupiter, FL. location, where you will learn all aspects of the business such as: coaching techniques, scheduling, advertising, marketing the all important performance portion of our program, and much more. # Two weeks of training at your gym with our experienced team of advisors who will assist in the gym's set up as well as the implementation of all of our programs. |
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 | - |