Gold's Gym Franchise

Health, racquet and sports club.


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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Please Note: The operators of Gold's Gym, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Gold's Gym website.

How much does it cost to open a Gold's Gym Franchise?

The investment required to open a Gold's Gym Franchise is between $1,033,000-$3,957,000. There is an initial franchise fee of $40,000 which grants you the license to run a business under the Gold's Gym name.

Individual Unit Costs

  • Initial Investment:
    $1,033,000-$3,957,000
  • Initial Franchise Fee:
    $40,000
  • Royalty Fee:
    3%
  • Advertising Fee:
    N/A


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Gold's Gym, the world's trusted authority on health and fitness, announced today Tennessee Fitness LLC has signed a franchise agreement to bring five additional Gold's Gym locations to Middle Tennessee. Owned by Robert Dennis, Andrew Davis and John Davis, Tennessee Fitness LLC currently owns...

Gold's Gym Celebrates 50th Anniversary; Inducts Arnold Schwarzenegger Into The Gold's Gym Hall Of Fame
Last night, Gold's Gym celebrated 50 years as the gold standard of fitness at its Gold's Gym Convention. An annual event, this year's Convention - hosted in Dallas, TX, which is where its global headquarters is located - drew hundreds of franchise owners, gym managers, corporate leaders, fitness ce...

Gold's Gym Expands Global Presence With New Deals in Africa and Asia
Gold's Gym, the world's leading authority on health and fitness, announced today that it has signed agreements to develop eight new gyms in Morocco, four in Mongolia and four in Jordan. The deals mark the continued expansion of the iconic brand into Africa, and increase its presence in Asia, where G...

Gold's Gym Patrons Win As Arnold Schwarzenegger Goes Undercover For A Good Cause
Arnold Schwarzenegger is trying to get you pumped up "" and it's all benefiting a good cause. The former bodybuilder and California governor went incognito, or about as incognito as he can get, at Gold's Gym in Venice, Calif. Schwarzenegger, assuming the role of a personal fitness instructor turn...

Gold's Gym International Strikes Acquisition Deal For 3 Birmingham Gold's Gym Locations
Gold's Gym International, Inc. today announced the acquisition of 3 Birmingham, AL area Gold's Gym's. Previously owned and operated by entrepreneur Stephen Dawahare, this marks a significant milestone for the Gold's Gym brand, currently celebrating its 45th anniversary. As part of the sale p...

Gold's Gym News & Press Releases

When did the first Gold's Gym open? 1965
When did Gold's Gym start Franchising? 1980

Year U.S.A. Canada International Corporate
2005 570 11 83 39
2004 540 14 63 37
2003 504 14 49 30
2002 489 15 49 32
2001 469 12 46 18
Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Training
Available at headquarters

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations

Marketing
Co-op advertising, Regional advertising

30% of all franchisees own more than one unit

Absentee ownership of franchise is allowed.

Business Experience:

  • Industry experience
  • General business experience

  • Your income potential as a Gold's Gym Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.

    Listing Tags

    Fitness, Excercise, Weight Loss, Health and Fitness, health club, fitness club, fitness program, womens fitness, adult fitness
    Gold's Gym Franchise Opportunity viewed 51087 times by investors.

    Legal Disclaimer: This information is not a franchise offering for Gold's Gym and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Gold's Gym franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Gold's Gym

    Gold's Gym

    Gold's Gym Franchising LLC
    358 Hampton Dr.
    Venice, CA
    90291

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