Gold's Gym vs Fitness Evolution Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
Fitness Evolution Franchise
Investment $22,182,505,000,500N/A
Franchise Fee $40,000N/A
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 1965-
Year Franchised 1980-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Gold's Gym Franchise
Fitness Evolution Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Gold's Gym Franchise
    Fitness Evolution Franchise
      In-House/3rd PartyIn-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
     
    Gold's Gym Franchise
    Fitness Evolution Franchise
    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
     
    Gold's Gym Franchise
    Fitness Evolution Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    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

    "Entrepreneur
    #427 in Franchise 500 for 2020.


    About Fitness Evolution

    Fitness Evolution prides itself on being a low-cost and no long-term-contract gym that offers our members state-of-the-art facilities. We love to provide our members with a high quality gym experience while keeping your membership fee as low as possible.

    At Fitness Evolution, we have built a meaningful community so that all of our members can feel comfortable at all times. Our staff and highly educated trainers are always willing to provide a helping hand so that you can achieve your fitness goals. As soon as you step foot in our gym, we want you to feel like it’s a home away from home.

     

    We have two locations in Maryland. One location is in Silver Spring, Maryland, serving Montgomery County, MD and the second is located on Laurel, Maryland, serving upper Prince George’s County, MD and Howard County, MD.

    Currently, we have Fitness Evolution locations in the following states: California, Maryland, Minnesota, Virginia, and Washington. Every Fitness Evolution location features state-of-the-art facilities in addition to fantastic services and amenities. At Fitness Evolution, our goal is to provide you with the resources you need to achieve your fitness goals while ensuring you’re comfortable and having fun!

    A new brand designed for sustainability and enduring success. The way fitness was delivered and sold 10 years ago, 5 years ago or even last year is being made obsolete each day by technology, consumer needs and competition. We embrace this change as fuel for growth! In each of our markets we develop exactly what that market needs and build in the flexibility to change and adapt each location as opportunity presents itself. We are a team of lifelong fitness business operators that have constructed, owned, developed, managed, and operated facilities nationwide. All members of the executive team either sold their legacy gyms to national brands or left their executive positions with a singular focus; fix how fitness is delivered nationwide. Our facilities are geared around delivering the best facility for the least money to the most members in a market.Fitness evolution will appeal to many existing independent gyms that have seen their market position erode. These owners have had enough with the scramble of a "make it work" approach and are ready to "make it dominate". In the markets we run our model, the consumers' view of what fitness can be and how affordable fitness should be is permanently changed. Fitness evolution has exciting colors, industry leading entertainment and luxurious interiors. All of this is offered at a value price point that has the effect of what we call a market "reset". Our Motto: "We will make it easier and more profitable to do business with us, than without us" Our members experience incredible facilities and a game changing value, as do our franchisees. The attitude of service, respect, and value that we offer our members is reflected in our franchise offering. Growth and volume come from value and respect. Our stores are built and thrive from this simple concept as will our franchise offering. We spent hundreds of thousands of dollars and leveraged decades of experience to create our product. We will make it all available to you!!