|
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Fit Body Boot Camp including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $22,182,505,000,500 | $151,100 - $213,100 |
Franchise Fee | $40,000 | $49,600 |
Royalty Fee | 5% | $997/mo. |
Advertising Fee | 2% | $500/mo. |
Year Founded | 1965 | 2009 |
Year Franchised | 1980 | 2011 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
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 |
||
Training | Available at headquarters | On-The-Job Training: 5 hours Classroom Training: 15 hours Additional Training: Online training; optional periodic training at headquarters and live events |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
The Most Affordable, Profitable and Game-Changing Fitness Franchise That's Amazingly Easy to Own and Operate.