Gold's Gym vs Gymguyz Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
Gymguyz Franchise
Investment $22,182,505,000,500$87,000 - $140,001
Franchise Fee $40,000$35,000
Royalty Fee 5%6%
Advertising Fee 2%2%
Year Founded 19652008
Year Franchised 19802008
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Gold's Gym Franchise
Gymguyz Franchise
Experience
  • Industry experience
  • General business experience
    		• You do not need experience. We will train you on how to manage your business and hire professional trainers.

    Financing Options
     
    Gold's Gym Franchise
    Gymguyz Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/Yes
    Start-up Costs No/Yes-/Yes
    Equipment No/Yes-/Yes
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Gold's Gym Franchise
    Gymguyz Franchise
    Training Available at headquarters On-The-Job Training: 16 hours Classroom Training: 40 hours Additional Training: Ongoing
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations*Newsletter *Meetings/Conventions *Toll-Free Line *Grand Opening *Online Support *Security/Safety Procedures *Field Operations *Proprietary Software *Franchisee Intranet Platform
    Marketing Co-op advertising, Regional advertising*Co-op Advertising *Ad Templates *National Media *Regional Advertising *Social media *SEO *Website development *Email marketing *Loyalty program/app
    Operations 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    		Number of Employees Required to Run: 1 - 2

    Expansion Plans
     
    Gold's Gym Franchise
    Gymguyz Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    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 Gymguyz

    GYMGUYZ is a mobile personal training and fitness company founded in 2008.

    Now you can join GYMGUYZ in this growing and fast paced industry, with the first mobile fitness franchise.
    Own a GYMGUYZ and we will help you shape your future.
    Training to be a GYMGUYZ Franchisee includes:

    The proven GYMGUYZ System
    Pre-opening marketing & finding clients
    Daily Operations and Processes
    Financial controls & Point-of-Sale
    On-going Marketing & Advertising techniques to develop your business

    The first mobile, personal training and fitness franchise!

    GYMGUYZ is Unique!
    GYMGUYZ is not like any other gym or fitness program:

    No membership fees
    Every client receives a personal phone call on their Birthday
    Daily text messages and email follow ups
    First visit is always free & includes three assessments: 
    A Body Assessment
    A Fitness Assessment
    A Nutrition Assessment
    Every client receives their own individualized fitness program
    All clients are re-assessed every 15 weeks giving our franchisees the opportunity to 
    re-engage the client update programs to suit the client’s personal training needs
    and ensure that the client is going to reach their personal goals

    GYMGUYZ vans are outfitted with the latest, state of the art equipment and our trainers
    are always ahead of trends in exercise and fitness
    No two work-outs are ever the same.

    Veteran Incentives  $5,000 off franchise fee
    "Top
    #83 in Gator's Top franchises.
    #274 in Franchise 500 for 2020.