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Updated RecentlyGold's Gym vs HOTWORX Studio Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs HOTWORX Studio including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $22,182,505,000,500 | $188,070 - $351,885 |
| Franchise Fee | $40,000 | $129,500 |
| Royalty Fee | 5% | $550/mo. |
| Advertising Fee | 2% | - |
| Year Founded | 1965 | 2016 |
| Year Franchised | 1980 | 2017 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| 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 |
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| 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 |
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| 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.
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#61 on Franchise Rankings.com
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About HOTWORX Studio
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HOTWORX
is a virtually instructed exercise program created for users to
experience the many benefits of infrared heat absorption, while
completing a 30-minute isometric workout or 15-min High Intensity
Interval Training (HIIT) session.
We
created this infrared sauna workout program for people who want to
flush toxins from their bodies, increase flexibility, balance, tone, and
burn massive amounts of calories in the process. So whether you want to
polish off your gym workout, or you’re strictly a spa-goer who wants to
enhance your regime, this innovation could be a major component of your
wellness program in the future. The results will blow you away!