Gold's Gym vs Team Spirit Fitness Centers Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
Team Spirit Fitness Centers Franchise
Investment $22,182,505,000,500$69,000
Franchise Fee $40,000$30,000
Royalty Fee 5%6%
Advertising Fee 2%-
Year Founded 19652002
Year Franchised 19802004
Term Of Agreement -5 years
Term Of Agreement -5 years
Renewal Fee --


Business Experience Requirements
 
Gold's Gym Franchise
Team Spirit Fitness Centers Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Gold's Gym Franchise
    Team Spirit Fitness Centers Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/Yes

    Training & Support
     
    Gold's Gym Franchise
    Team Spirit Fitness Centers Franchise
    Training Available at headquarters* Available at headquarters: 2 weeks

    * At franchisee's location: 5 days
    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.

    		* Number of employees needed to run franchised unit: 3 - 3

    * Absentee ownership of franchise is NOT allowed.

    Expansion Plans
     
    Gold's Gym Franchise
    Team Spirit Fitness Centers 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 Team Spirit Fitness Centers

    Exercise & nutrition center formerly known as Intrivah Health & Wellness.

    We offer you an exciting career opportunity: owning your own business in the fast growing fitness and nutrition industries using a TEAM approach; providing your clients with healthy exercise and dietary regimens, and enjoying the benefits of a creative company with excellent experience, cutting-edge methodologies, and unmatched business and support systems. We want to award franchises to a select group of qualified individuals. You might be among them. Basically, we are looking for outgoing, energetic individuals who have strong people skills and a passion for a healthy lifestyle that focuses on fitness and nutrition. Our comprehensive training program will equip you with the know-how to administer our programs safely and effectively. In addition to the above, you should be sales, client service, and long-term relationship oriented; display maturity, sound judgment and stability, and have high standards of excellence, honesty, and integrity.