Gold's Gym vs Soldierfit Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
Soldierfit Franchise
Investment $22,182,505,000,500$144,950 - $305,495
Franchise Fee $40,000$30,000
Royalty Fee 5%7%
Advertising Fee 2%-
Year Founded 19652007
Year Franchised 19802015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


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

    • Prior experience in the fitness industry may be helpful, but is not a requirement. The ideal candidate will have an interest in fitness and the desire to help people in their communities to get fit. We also prefer franchise owners who will be directly involved in the full-time operations and growth of their Soldierfit franchises. In turn, we'll provide the support franchisees need to run their businesses. We do, of course, also expect that franchisees have the right amount of capital to invest in the business.

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

    We provide comprehensive training in critical areas, including business management, sales and member retention, fitness training programs, equipment purchasing and usage, hiring and retaining staff, marketing and promotional activities, and much more.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations

    Our highly skilled and experienced corporate team is fully committed to helping you build and boost your business. And we will be available to you via phone, text, or email to answer your questions, troubleshoot, or discuss your business' progress and future. And of course we will conduct periodic visits to provide ongoing advice and counsel to help you continue to grow your business the Soldierfit way.
    Marketing Co-op advertising, Regional advertising

    You'll get our expert guidance with advertising, promotions, social media and more. Our corporate website helps drive business to your local franchise 24/7. Plus, you'll benefit from combined franchisee dollars in our system-wide marketing fund.
    Operations 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    Gold's Gym Franchise
    Soldierfit 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 Soldierfit

    Why a Soldierfit Franchise Be in business for yourself, not by yourself. The military says it best with their slogan, "one fight one team". At Soldierfit, our strength is your strength. And from the day you sign your franchise agreement our in-house support team is there with you every step of the way Market-Tested, Streamlined Business Model We are a multi-unit operation with established standards, procedures, programs, and policies already in place so you can focus on building your client base and revenue right from the start. Confidential Operations Manual We will provide and train you on our proprietary guide detailing daily operating procedures and important business functions. The manual will be a vital tool for your daily and ongoing operations and will help ensure you have the information and tools needed to uphold the Soldierfit standards. Site Selection and Buildout We will be there right from the start with site selection and lease negotiating assistance. Our dedicated project management team will help you with the planning and execution of your facility build out from start to finish from fixture specifications to set up assistance. We know what it takes to build a Soldierfit location and make it work and we want to help you do the same. Grand Opening Support We provide you with a grand opening checklist as well as pre-opening marketing strategies so that your location can explode onto the scene. Not only that but given those tools you have the potential to have members and revenues before you even open the doors. We will also be on site with you on your big day! Vendor Discounts You'll have access to our approved vendors and will benefit from our pre-established group purchasing discounts.