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Updated RecentlyGold's Gym vs 30 Minute Hit Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs 30 Minute Hit 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 | $100,550 - $165,500 |
| Franchise Fee | $40,000 | $40,000 |
| Royalty Fee | 5% | $500-$900/mo. |
| Advertising Fee | 2% | - |
| Year Founded | 1965 | 2004 |
| Year Franchised | 1980 | 2006 |
| 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 | 5 days of Physical Training/Trainer Certification, including CommunHITy integration conducted in Vancouver, Canada, 2 days of onsite Admin and Sales training. 2 Remote follow up sessions, bi-weekly Remote group training and support sessions. Annual SummHIT meeting in Vancouver, Canada. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Web based Interactive Operations Guide and Management tools to give you instant access to all the information you need to run and grow your business, anytime, anywhere. Your HIT Dashboard includes: Operations Guide, Training Guide, Support Centre, Leads Manager, Leads Booking System, Member Manager, Franchisee Communications Centre, Email Marketing Manager, Resource Centre, Statistics Centre, Staff Manager, Webcam viewer, and much much more! All this at your fingertips no matter where your are! |
| 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 | - |
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.
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#61 on Franchise Rankings.com
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About 30 Minute Hit
- 30 Minute Hit is a high intensity action packed Boxing/Kickboxing Circuit workout designed just for women. Fast paced, challenging and empowering, this one of a kind workout appeals to all levels of fitness in a friendly non-intimidating, exciting environment. In just 30 Minutes, members sweat, learn, burn, and smile their way to results they never thought possible.
- Low start up costs and stable recurring income
- Simple, proven business model in a booming GROWTH industry
- Inspiring and rewarding environment
- Flexible work/ life balance
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In Franchise Business Reviews Top 200.
#281 in Franchise 500 for 2021.