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Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Pure Barre 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 | $204,100 - $461,700 |
Franchise Fee | $40,000 | $60,000 |
Royalty Fee | 5% | 7% |
Advertising Fee | 2% | 2% |
Year Founded | 1965 | 2001 |
Year Franchised | 1980 | 2009 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
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 | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/- |
Training & Support |
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Training | Available at headquarters | On-The-Job Training: 40-50 hours Classroom Training: 26 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | launch coordination Open successfully and quickly with the assistance of our launch coordinator. real estate Get help finding that dynamite location in your market. construction & design Maximize your space and create a sleek, beautiful and functional studio. training Ensure your team is always prepared to deliver that killer class! marketing consulting Learn best practices picked up from studios around the country. Newsletter Meetings/Conventions Field Operations Franchisee Intranet Platform |
Marketing | Co-op advertising, Regional advertising | Co-op Advertising Ad Templates National Media SEO Email marketing |
Operations |
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | Number of Employees Required to Run: 9 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |