| ||||
Updated RecentlyBeverly Hills Weight Loss and Wellness vs Gold's Gym Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Beverly Hills Weight Loss and Wellness vs Gold's Gym including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $64,000 - $96,000 | $22,182,505,000,500 |
| Franchise Fee | $25,000 | $40,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | 2% |
| Year Founded | 1988 | 1965 |
| Year Franchised | 1989 | 1980 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/Yes |
| Start-up Costs | No/Yes | No/Yes |
| Equipment | No/Yes | No/Yes |
| Inventory | Yes/No | No/Yes |
| Receivables | No/Yes | No/No |
| Payroll | No/Yes | No/No |
Training & Support |
||
| Training | Ongoing training | Available at headquarters |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | Co-op advertising, Regional advertising |
| Operations |
14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About Beverly Hills Weight Loss and Wellness
LA Weight Loss was once a store-front weight-loss plan, but is now available only online after the company went out of business in 2008
Founded in 1988, Heathrow, Florida Beverly Hills Weight Loss and Wellness provides clients with personalized weight loss programs. The company's programs include medical analysis, nutritional supplements, therapy and education.
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"]("https://d3t9r0kmeshe93.cloudfront.net/settings/71116cc7-281b-43ed-8275-5087635f96d8.png")
#61 on Franchise Rankings.com
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}