|
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Curves 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 | $115,600 - $243,200 |
Franchise Fee | $40,000 | $39,900 |
Royalty Fee | 5% | 5% |
Advertising Fee | 2% | - |
Year Founded | 1965 | 1992 |
Year Franchised | 1980 | 1995 |
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/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | Available at headquarters | At regional meetings (full day), convention (3 days), local events (1 day) |
Support | Newsletter, Meetings, 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, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
Operations |
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |