Gold's Gym vs Springwell Franchise Comparison

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

Start-Up Costs and Fees

 
Gold's Gym Franchise
Springwell Franchise
Investment $22,182,505,000,500$376,776 - $547,813
Franchise Fee $40,000$49,500
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 19652019
Year Franchised 19802019
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Gold's Gym Franchise
Springwell Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Gold's Gym Franchise
    Springwell Franchise
      In-House/3rd PartyIn-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

     
    Gold's Gym Franchise
    Springwell Franchise
    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

     
    Gold's Gym Franchise
    Springwell Franchise
    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.

    "franchiserankingscom"
    #61 on Franchise Rankings.com

    "Entrepreneur
    #427 in Franchise 500 for 2020.


    About Springwell

    "Springwell
    Springwell  is a specialized medical fitness franchise. Our focus is on helping individuals adopt a healthy lifestyle in a welcoming and clinically supervised environment.
    Springwell  Exercise Clinic is on the cutting edge of the healthcare and medical fitness industry. Become part of a holistic gym that caters to individuals with chronic health issues.
    Springwell  Exercise Clinic was founded on specific core values which have helped the brand.
    Springwell takes fitness and business operations to the next level and pushes franchisees to be the best they can be so they can run their business more efficiently.

    The total investment necessary to begin operation of a single franchised Facility ranges from $376,776 to $497,813, including $54,500 that must be paid to the franchisor or their affiliates.
    The total investment necessary to operate multiple facilities under a form of area development agreement depends on the number of franchises the franchisor grants you the right to open. The total investment necessary to enter into a development agreement for the right to develop three Facilities is $426,776 to $547,813, which includes a $99,500 development fee that is paid to the franchisor and your total investment to begin operation of your initial clinic. Under the area development agreement, the initial development fee is calculated as follows: $69,500 for the right to develop two Facilities; $99,500 for the right to develop three Facilities; or $29,500 per Facility if you are awarded the right to develop four or more franchised Facilities.