Gold's Gym vs Tiger-Rock Martial Arts Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Tiger-Rock Martial Arts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$22,182,505,000,500 | $133,600 - $270,700 |
Franchise Fee |
$40,000 | $25,000 |
Royalty Fee |
5% | $3.50/student/mo. |
Advertising Fee |
2% | - |
Year Founded |
1965 | 1983 |
Year Franchised |
1980 | 2008 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Industry experience General business experience | - |
Financing Options |
|
In-House/3rd Party | In-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 |
Training |
Available at headquarters | - |
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
Marketing |
Co-op advertising, Regional advertising | - |
Operations |
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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.
#61 on Franchise Rankings.com
#427 in Franchise 500 for 2020.
About Tiger-Rock Martial Arts
In 1983, a group of martial-arts-school owners came together and formed
the International Taekwondo Alliance to provide curriculum and
operational support to others interested in opening schools in their own
communities.
The International Taekwondo Alliance was converted into a franchise
program in 2008, under the new name Tiger-Rock Martial Arts. Franchises
offer martial arts and fitness programs for children and adults.
The total investment necessary to begin operation of a Franchised
Location is from $133,600 to $270,700. This includes $8,000 to $27,500
that must be paid to the franchisor or their affiliates.
The total
investment necessary to enter into a Development Agreement is $23,500 to
$48,000, for the right to develop 3 to 6 Franchised Locations. This
includes $7,500 for each Franchised Location you agree to establish
under the Development Agreement. For example, $22,500 to $45,000 must be
paid to the franchisor or affiliate for the right to develop 3 to 6
Franchised Locations.