Gold's Gym vs Koko FitClub Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Koko FitClub 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 | $185,260 - $396,312 |
Franchise Fee |
$40,000 | $39,000 |
Royalty Fee |
5% | - |
Advertising Fee |
2% | - |
Year Founded |
1965 | - |
Year Franchised |
1980 | - |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Industry experience General business experience | - |
Financing Options |
|
In-House/3rd Party | In-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 |
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 |
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.
#61 on Franchise Rankings.com
#427 in Franchise 500 for 2020.
About Koko FitClub
The right idea...
...at just the right time.
The $60B worldwide fitness industry is a proven, recession-proof industry. With Koko FitClub, you can be part of this growing industry with a competitive edge no other health club can match.
# Unbeatable marketing advantage: Unlimited monthly personal training for a price that’s less than what typical clubs charge for just one session. Koko makes it easy to attract and retain members.
# Unmatched technology and cost advantage: Our exclusive Koko Smartraining System not only delivers a premium service, it replaces expensive staff and reduces operating expenses too.
# Simple to operate: No long hours, no special skills needed, no big overhead or staff to manage.
# Affordable to open: Low start-up costs and readily available financing.
To learn more, complete an information request form or call 1-877-KOKOFIT to see if there's a Koko FitClub franchise opportunity available in your area.
Koko
FitClub is the alternative to traditional fitness. We've combined
patented technology and individualized coaching to create a proven
training system that customizes each workout, reshapes your body, and
coaches you every step of the way.