| ||||
Updated RecentlyGold's Gym vs Physique 57 Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Physique 57 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 | $284,537 - $615,551 |
| Franchise Fee | $40,000 | $50,000 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 2% | - |
| Year Founded | 1965 | 2005 |
| Year Franchised | 1980 | 2019 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| 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 | On-The-Job Training: 40-185 hours Classroom Training: 45-100 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Grand Opening Security/Safety Procedures Field Operations Site Selection |
| Marketing | Co-op advertising, Regional advertising | Ad Templates Social media SEO Website development Email marketing |
| 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 | 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"]("https://d3t9r0kmeshe93.cloudfront.net/settings/71116cc7-281b-43ed-8275-5087635f96d8.png")
#61 on Franchise Rankings.com
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Physique 57
!["Physique]("https://fddexchange.com/wp-content/uploads/2020/08/Physique-57.jpg")
With studios across the globe in the United States, Dubai, Bangkok, Manila, and Mumbai,
Physique 57 inspires clients of all ages to transform their bodies and
strive for optimal well-being by providing a dynamic, challenging and
empowering fitness experience.
Currently, the following states regulate the offer and sale of
franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan,
Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota,
Virginia, Washington and Wisconsin. Physique57 may not be registered in
all of the registration states and may not offer franchises to residents
of those states or to persons wishing to locate a franchise in those
states. If you are a resident of or want to operate a franchise in one
of these states, we will not offer you a franchise unless and until we
have complied with applicable pre-sale registration and disclosure
requirements in your state.
Coming in 2021
Physique
57 delivers results in only 8 workouts as a result of our
scientifically based proprietary method. Efficient and effective for
busy women who want rapid, visible transformations that can be
maintained long term.