Gold's Gym vs BodyTek Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
BodyTek Franchise
Investment $22,182,505,000,500$249,600 - $384,500
Franchise Fee $40,000$19,900
Royalty Fee 5%6%
Advertising Fee 2%1%
Year Founded 1965-
Year Franchised 1980-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


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

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

    Training & Support
     
    Gold's Gym Franchise
    BodyTek Franchise
    Training Available at headquartersOn-The-Job Training: 4 hours Classroom Training: 43 hours
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection
    Marketing Co-op advertising, Regional advertisingCo-op 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.

    		Absentee Ownership Allowed

    Number of Employees Required to Run: 8 - 12

    Expansion Plans
     
    Gold's Gym Franchise
    BodyTek 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 BodyTek

    Join the Bodytek movement, a challenging, yet exciting, HIIT group fitness workout program.

    The workout that is designed to help maximize your potential and live what we call the BODYTEKLIFE.  A high-intensity lifestyle where you choose to maximize your results & live everyday with MOTIVATION, EXCITEMENT, and ENERGY.

    Experience that was designed with you in mind - our total body workout program. No two classes are ever the same, focusing on Your Mind, Your Time, & Your Body. Structured on group fitness, our one-hour classes welcome clients of all fitness levels to participate from beginner to advanced, clients pushing themselves to be challenged and reach their personal best. Designed to significantly improve your fitness level through High Intensity Interval Training or (HIIT). Our highly skilled coaches provide personalized guided assistance to ensure you maximum your one hour and achieve proven results.