Gold's Gym vs KID-FIT Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
KID-FIT Franchise
Investment $22,182,505,000,500$8,999 - $10,000
Franchise Fee $40,000N/A
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 19651986
Year Franchised 19802005
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Gold's Gym Franchise
KID-FIT Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Gold's Gym Franchise
    KID-FIT 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
    KID-FIT 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
    KID-FIT Franchise
    US Expansion --
    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 KID-FIT

    "KID-FIT

    KID-FIT is an affordable children’s business opportunity that is both profitable and rewarding. KID-FIT offers a low start up cost and quicker return on investment compared to other children’s fitness business opportunities and franchises, . You get everything you need with step by step instructions on how to build your business specifically, from the ground up, without prior sales experience. Designed for you and your specific area.

    What you need to get started:

    Additional Streams of Earnings:

    All Business licensees are automatically considered brokers for the KID-FIT program. As such, commission is earned on each sign up and each renewal. See KID-FIT Zones. Funds can also be generated from related sales on a number of KID-FIT branded merchandise items, apparel, and more as approved by the corporate office. Your drive, experience, motivation and determination will dictate how much money you earn. You’ll benefit from our complete Press Kit, 2-Year Building Relationships Marketing Plan, Demo Kit with step-by-step instructions, Sales Presentation Package, accounting plan with billing template, all administrative documents needed to run your business, office set-up and more as we constantly create and add items on request.