Gold's Gym vs Red Effect Infrared Fitness Franchise Comparison

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

Start-Up Costs and Fees

 
Gold's Gym Franchise
Red Effect Infrared Fitness Franchise
Investment $22,182,505,000,500$149,500 - $1,037,500
Franchise Fee $40,000$45,000
Royalty Fee 5%7%
Advertising Fee 2%2%
Year Founded 19652016
Year Franchised 19802016
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Gold's Gym Franchise
Red Effect Infrared Fitness Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Gold's Gym Franchise
    Red Effect Infrared Fitness Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support

     
    Gold's Gym Franchise
    Red Effect Infrared Fitness Franchise
    Training Available at headquarters On-The-Job Training: 386 hours Classroom Training: 94 hours Additional Training: 15 hours annually
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertising, Regional advertising Co-op Advertising Ad Templates 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: 5

    Expansion Plans

     
    Gold's Gym Franchise
    Red Effect Infrared Fitness 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 Red Effect Infrared Fitness

    "Red

    Imagine being an integral part of the next big thing in fitness!
    At Red Effect Infrared Fitness we provide a unique, life-changing approach to wellness.
    Our group fitness classes combine infrared therapy, heart rate monitoring and
    high-intensity interval training to provide our customers with a fitness routine they love.
    Our members, trainers, and staff feel the effect from more than just the infrared.
    We have seen our members experience changes in body composition, energy levels,
    self-confidence, muscle recovery, health conditions and more.
    With each success story, we pass on the effect.
    Red Effect is now offering franchising opportunities.
    Discover the benefits of being a Red Effect gym owner.

    The total investment necessary to begin operation of a Standard Studio is from $283,000 to $718,000. This includes $157,000 to $594,000 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Red Effect for Women Studio is from $149,500 to $349,200. This includes $101,750 to $228,500 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of an Executive Club is from $863,500 to $1,037,500. This includes $479,000 to $873,000 that must be paid to the franchisor or its affiliates.