Gold's Gym vs Legends Boxing Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Legends Boxing 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 | $313,951 - $734,835 |
Franchise Fee |
$40,000 | $51,900 |
Royalty Fee |
5% | - |
Advertising Fee |
2% | - |
Year Founded |
1965 | 2017 |
Year Franchised |
1980 | 2017 |
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 | - |
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 Legends Boxing
The Legends Boxing brand has “put in the hard yards” to ensure that the
franchise owner has a spectacular fitness club that provides its members
with a safe, respectful, and cutting-edge atmosphere. When you
franchise with Legends, you receive a full-service real estate team,
prompt turnkey construction processes, a marketing plan that quickly
grows membership, ongoing training and support, and a proven business
model to follow.
The total investment necessary to begin operation of a Legends Boxing
franchise is approximately $313,951 to $621,035. This includes $64,850
that must be paid to the franchisor or their affiliates.
The total
investment necessary to begin operation under a Legends Boxing area
development agreement is approximately $366,951 to $734,835 for 3-5
Franchised Businesses within a Development Area (with 2 as the minimum).
This includes $117,850 to $178,650 that must be paid to the franchisor
or their affiliates.