Gold's Gym vs PickUp USA Fitness Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
PickUp USA Fitness Franchise
Investment $22,182,505,000,500$533,266 - $1,150,054
Franchise Fee $40,000$45,000
Royalty Fee 5%6%
Advertising Fee 2%1% - 2%
Year Founded 19652011
Year Franchised 19802016
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Gold's Gym Franchise
PickUp USA Fitness Franchise
Experience
  • Industry experience
  • General business experience

    • While not required, a passion for fitness and basketball is a huge plus! Owning a fitness club is a tremendous opportunity to build a business doing something you love. To get started, franchise candidates, either individually or cumulatively amongst a group of investors, should have a minimum of $150,000 in liquid capital and $300,000 in net worth. This gives a new franchisee the base financials to attempt to obtain necessary bank financing to be properly capitalized to launch a PickUp USA.

    Financing Options
     
    Gold's Gym Franchise
    PickUp USA Fitness 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
    PickUp USA Fitness Franchise
    Training Available at headquarters

    * Comprehensive 8 day training at our headquarters in Irwindale, CA for you and your two managers
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations

    PickUp USA provides comprehensive support from the day you sign your franchise agreement. * Pre-Open Support * Grand Opening Support * Ongoing Support o Assistance with site-selection, club layout, design & construction o Comprehensive 8 day training o On-site guidance for 5 days from our corporate team o Support with marketing, sales and operations o Continuous, on-site, telephone and email support will be with you during your entire journey o Your success is our success!

    Marketing Co-op advertising, Regional advertising-
    Operations 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    We require an owner/operator Approximately 10 staff are needed to run a PickUp USA Fitness club.

    Expansion Plans
     
    Gold's Gym Franchise
    PickUp USA Fitness Franchise
    US Expansion -Yes
    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 PickUp USA Fitness


    Basketball-Focused Fitness Clubs!

    PickUp USA Fitness clubs are full-service, basketball-focused gyms. Our clubs offer: group & private basketball training, officiated games of pickup basketball, full weight & cardio rooms, retail merchandise, lounges, and much more! We started our unique fitness concept in 2011, and spent 5 years refining our product, processes, and brand before franchising in 2016.

    Limitless Opportunity

    * In 2014, total US health club revenues increased 7.4% to $24.2 billion with 54.1 million Americans belonging to at least one health club nationwide (IHRSA data)
    * Over 23 million people/year participate in basketball activities in the US (Statista data)
    * PickUp USA Fitness is the only basketball-focused fitness club operating in the US, and generates revenue from 4 diverse channels:

         o Membership Dues
         o Private Training Packages
         o Merchandise Sales
         o Private Court Rental Fees


    Streamlined Operating Model
    • Plug- and-play, refined and simple operating model
    • Less than 10 total employees needed to run a PickUp USA
    • Passionate staff that love fitness and basketball are naturally attracted to PickUp USA
    • Polished marketing, sales, and operating processes allow your gym to operate seamlessly 365 days/year
    • Established relationships with reputable suppliers and vendors:
      • Gatorade
      • SportCourt
      • Wilson Basketball
      • StarTrac
      • ClaytonKendall
    • Minimal inventory management with simple processes for ease of operating
    • Bottom-line: A polished operating system allows you to have fun, interact with customers, and grow your business!