Gold's Gym vs Medifast Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
Medifast Franchise
Investment $22,182,505,000,500$148,000 - $269,000
Franchise Fee $40,000$0 - $35,000
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 19651980
Year Franchised 19802007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


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

    Financing Options
     
    Gold's Gym Franchise
    Medifast 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
    Medifast Franchise
    Training Available at headquarters

    Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs

    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations

    Real Estate, Construction and Business Development: Comprehensive Real Estate & Construction Manual Comprehensive Business Start-Up Manual Demographics research and site selection assistance Dedicated center start-up specialists General Operations Support: Program and product support teams Grand opening support Product ordering support Member management

    Marketing Co-op advertising, Regional advertising

    Corporate branding � corporate website, national TV, and national print Public relations support Best practices support in advertising and marketing, including print, radio, television, and local campaigns Lead management system Interactive content managed website for your local business Local search engine optimization and search engine management Social media resources and applications

    Operations 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    Gold's Gym Franchise
    Medifast 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 Medifast

    The need for quality healthcare continues to expand even during tough economies. This is a Ground floor business opportunity with a NYSE listed public company (MED:NYSE). With more than 30 years of experience we offer a proven and profitable business system to help people significantly improve their health. Clinically proven weight loss, guaranteed results, clinically proven safe and effective. We are seeking experienced business operators who are passionate about helping others. Inquire about territorial development opportunities. Seeking Area Developer Opportunities. Seeking Master Licensees.