Gold's Gym vs CycleBar Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
CycleBar Franchise
Investment $22,182,505,000,500$402,650 - $498,700
Franchise Fee $40,000$60,000
Royalty Fee 5%7%
Advertising Fee 2%2%
Year Founded 19652014
Year Franchised 19802015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


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

    Financing Options
     
    Gold's Gym Franchise
    CycleBar Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/-
    Start-up Costs No/YesYes/Yes
    Equipment No/YesYes/Yes
    Inventory No/YesYes/Yes
    Receivables No/NoYes/-
    Payroll No/NoYes/Yes

    Training & Support
     
    Gold's Gym Franchise
    CycleBar Franchise
    Training Available at headquartersOn-The-Job Training: 5 days Classroom Training: 14 days
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
    Marketing Co-op advertising, Regional advertisingCo-op Advertising Ad Templates National Media Regional Advertising
    Operations 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    		Number of Employees Required to Run: 15

    Expansion Plans
     
    Gold's Gym Franchise
    CycleBar Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    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 CycleBar

    CycleBar is the largest network of Premium Indoor Cycling studios, with more than 180 locations slated to open throughout 2018. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, CycleBar has capitalized on this momentum and is experiencing exceptional success in a proven industry.
    CycleBar’s turnkey franchise model provides a completely scalable business that lets you determine your own success. Leverage significant development costs and national vendor relationships to launch your studio successfully!

    Veteran Incentives  $1,500 off franchise fee

    "Entrepreneur
    #479 in Franchise 500 for 2020.
    #351 in Franchise 500 for 2021
    .