Gold's Gym vs Basecamp Fitness Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Basecamp Fitness 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 | $500,760 - $734,848 |
Franchise Fee |
$40,000 | $50,000 |
Royalty Fee |
5% | 8% |
Advertising Fee |
2% | 2% |
Year Founded |
1965 | 2018 |
Year Franchised |
1980 | 2020 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Industry experience General business 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 | - |
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 |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | 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.
#61 on Franchise Rankings.com
#427 in Franchise 500 for 2020.
About Basecamp Fitness
Basecamp Fitness is a new studio fitness concept that will push you to
your limits and shakes up your workout routine. We use a varying,
fitness program that gives you a complete, full-body workout combining
efficient cardio AND strength training AND core movements - every class -
we take the guesswork out of your workout. Our high-energy, upbeat
environment and motivating instructors keep you moving and coming back
for more. Basecamp is the only studio that uses an Assault bike and
provides weights, as heavy as you choose, to ensure you get the best
work out every time. Making You. Stronger. Faster.
Basecamp Fitness is expanding its franchising opportunities both
domestically and globally. The new fitness concept is owned by Self
Esteem Brands' parent franchisor to Anytime Fitness, the largest fitness
franchise. The workout is one of the fastest and most efficient programs
on the market and solves the needs of our customers’ busy lifestyle.