Gold's Gym vs Hard Exercise Works Franchise Comparison

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

Start-Up Costs and Fees
 
Gold's Gym Franchise
Hard Exercise Works Franchise
Investment $22,182,505,000,500$136,273 - $486,897
Franchise Fee $40,000$29,900
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 19652011
Year Franchised 19802011
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Gold's Gym Franchise
Hard Exercise Works Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Gold's Gym Franchise
    Hard Exercise Works 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
    Hard Exercise Works Franchise
    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
     
    Gold's Gym Franchise
    Hard Exercise Works 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 Hard Exercise Works

    "Hard

    At Hard Exercise Works, we guide our members to do exactly that through bootcamp-style group training. Their success is our success.
    That’s why so many of our franchise owners are former members!
    The Franchise Business you will own and operate is a fitness business that offers nutrition accountability programs, group training programs and other fitness services (based on similar principles as U.S. Navy S.E.A.L. workouts) to get members into shape operating under the trade name “Hard Exercise Works®”.