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Gold's Gym

Gym and fitness center
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The site of America's most famous muscle beach is the birth place of one of the world's best-known muscle makers. Gold's Gym, which first opened in Venice Beach, California in 1965, franchises more than 600 gyms in 32 countries, with franchises accounting for most of its locations. The chain boasts nearly 3 million members. In addition to opening franchises, the firm buys smaller regional health clubs and converts them to Gold's Gyms. The company also licenses the Gold's Gym name for products such as fitness equipment and accessories, luggage, t-shirts, and men's and women's sportswear. Gold's Gym is owned by TRT Holdings, the umbrella company for Dallas-based investor Robert Rowling's holdings.
Gold's Gym
125 East John Carpenter Freeway
Irving, TX 75062
214-574-4653
Franchise - button - buy report

Fast Facts

Year established 1965
Franchising since 1980
Can be run from home? No
Number of employees needed 28 - 30
Item 19 Financial Performance Representation? Yes
Multiple units must be purchased in U.S. No
Multiple units must be purchased outside U.S. No
% of franchisees who own multiple units 60%
Absentee ownership allowed? Yes

Franchise Unit Growth Rate

Year U.S.
Franchises
Non-U.S.
Franchises
Company-Owned
Locations
2011 413 201 77
2010 427 198 63
2009 453 172 62

Expanding in These Locations

United States, Africa, Asia, Australia/New Zealand, Europe
Costs
Total Investment $531,000 - $3,892,000
Franchise Fee $25,000
Royalty Fee 2% - 5%
Financial Requirements
Net Worth $1,000,000
Liquid Capital $400,000
Franchisee Qualifications
Prior business ownership or management experience
Experience managing 15 to 30 employees
Interested in fitness or a related health-care/wellness activity
Financing
Does franchisor offer financing? No
Is franchisor on the SBA's Franchise Registry? Yes
Is franchisor a member of the IFA's VetFran program? Yes
Financing Assistance
Franchisor offers veterans a 30 percent discount on the initial franchise fee for first franchise purchased
Gold's Gym
125 East John Carpenter Freeway
Irving, TX 75062
214-574-4653
Franchise - button - buy report
Content provided by Hoovers.com
Gold's Gym International, Inc.
The site of America's most famous muscle beach is the birth place of one of the world's best-known muscle makers. Gold's Gym, which first opened in Venice Beach, California in 1965, franchises more than 600 gyms in 32 countries, with franchises accounting for most of its locations. The chain boasts nearly ...
Company Type: Private
Employees: 2,000
Executives: James A. Snow, President and CEO;Aaron Watkins, Sr. VP of Finance & Accounting;Joel Tallman, Sr. VP Franchising and Global Operations
Sales: $48,600,000
Industries: Fitness & Dance Facilities
See More Industries
Top Competitors: 24 Hour FitnessBally Total FitnessCurves International
Gold's Gym
125 East John Carpenter Freeway
Irving, TX 75062
214-574-4653
Franchise - button - buy report

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