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Updated RecentlyGold's Gym Franchise
Health, racquet and sports club.
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How much does it cost to open a Gold's Gym Franchise?
The investment required to open a Gold's Gym Franchise is $22,182,505,000,500. There is an initial franchise fee of $40,000 which grants you the license to run a business under the Gold's Gym name.
Individual Unit Costs
- Initial Investment:
$22,182,505,000,500 - Initial Franchise Fee:
$40,000 - Royalty Fee:
5% - Advertising Fee:
2%
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Gold's Gym Signs Franchise Agreement to Expand Presence in Nashville Area
Gold's Gym, the world's trusted authority on health and fitness, announced today
Tennessee Fitness LLC has signed a franchise agreement to bring five
additional Gold's Gym locations to Middle Tennessee. Owned by Robert
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owns...
Gold's Gym Celebrates 50th Anniversary; Inducts Arnold Schwarzenegger Into The Gold's Gym Hall Of Fame
Last night, Gold's Gym celebrated 50 years as the gold standard of fitness at its Gold's Gym Convention. An annual event, this year's Convention - hosted in Dallas, TX, which is where its global headquarters is located - drew hundreds of franchise owners, gym managers, corporate leaders, fitness ce...
Gold's Gym Expands Global Presence With New Deals in Africa and Asia
Gold's Gym, the world's leading authority on health and fitness, announced today that it has signed agreements to develop eight new gyms in Morocco, four in Mongolia and four in Jordan. The deals mark the continued expansion of the iconic brand into Africa, and increase its presence in Asia, where G...
Gold's Gym Patrons Win As Arnold Schwarzenegger Goes Undercover For A Good Cause
Arnold Schwarzenegger is trying to get you pumped up "" and it's all benefiting a good cause.
The former bodybuilder and California governor went incognito, or about as incognito as he can get, at Gold's Gym in Venice, Calif. Schwarzenegger, assuming the role of a personal fitness instructor turn...
Gold's Gym International Strikes Acquisition Deal For 3 Birmingham Gold's Gym Locations
Gold's Gym International, Inc. today announced the acquisition of 3 Birmingham, AL area Gold's Gym's. Previously owned and operated by entrepreneur Stephen Dawahare, this marks a significant milestone for the Gold's Gym brand, currently celebrating its 45th anniversary.
As part of the sale p...
Gold's Gym News & Press Releases
When did Gold's Gym start Franchising? 1980
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 570 | 11 | 83 | 39 |
| 2004 | 540 | 14 | 63 | 37 |
| 2003 | 504 | 14 | 49 | 30 |
| 2002 | 489 | 15 | 49 | 32 |
| 2001 | 469 | 12 | 46 | 18 |
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | No |
Training
Available at headquarters
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing
Co-op advertising, Regional advertising
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed.
Business Experience:
Your income potential as a Gold's Gym Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for Gold's Gym and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Gold's Gym franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Gold's Gym
Gold's Gym Franchising LLC
4001 Maple Ave., #200
Dallas,
TX
75219