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Gold's Gym
Gym and fitness center
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.
Why This Company Makes Our AllStar List
Improved rankings in growth (#190, up from #204) and financial strength (#253, up from #285) helped Gold’s Gym move up in the AllStar ranks. Franchisees also benefit from the company’s outstanding Web visibility (#25) and longevity (#71).
In 2009, Gold’s Gym launched several new initiatives including a National Accounts Program that offers group discounts to large corporate employers and institutions. The company signed a master franchisee agreement in the Philippines, and formed an International Franchisee Council to serve as a steering committee for Gold's Gym International and its master franchisees worldwide.
To help with startup in the recession, Gold’s Gym offers a smaller Concept Club option with lower startup costs. The company offers in-house financing, is on the SBA’s Franchise Registry, and participates in the IFA’s VetFran program.
Last Year's AllStar Rank: 131
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
In 2009, Gold’s Gym launched several new initiatives including a National Accounts Program that offers group discounts to large corporate employers and institutions. The company signed a master franchisee agreement in the Philippines, and formed an International Franchisee Council to serve as a steering committee for Gold's Gym International and its master franchisees worldwide.
To help with startup in the recession, Gold’s Gym offers a smaller Concept Club option with lower startup costs. The company offers in-house financing, is on the SBA’s Franchise Registry, and participates in the IFA’s VetFran program.
Last Year's AllStar Rank: 131
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
Gold's Gym
125 East John Carpenter Freeway
Irving, TX 75062
214-296-5026
Fast Facts
| Year established | 1965 |
| Franchising since | 1980 |
| Can be run from home? | No |
| Number of employees needed | 28 - 30 |
| 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 |
| 2009 | 466 | 163 | 61 |
| 2008 | 464 | 144 | 61 |
| 2007 | 455 | 125 | 60 |
Expanding in These Locations
Africa, Asia, Australia/New Zealand, Europe, United States
Costs
| Total Investment | $550,000 - $3,635,000 |
| Franchise Fee | $25,000 |
| Royalty Fee | 5% |
Financial Requirements
| Net Worth | $800,000 |
| Liquid Capital | $300,000 |
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? | Yes |
| 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
Gold's Gym
125 East John Carpenter Freeway
Irving, TX 75062
214-296-5026
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
214-296-5026
Franchise Information
Content Provided By Gold's Gym
GOLD'S GYM JUST GOT STRONGER
Get More, For Less.
With a lower capital investment, this smaller format concept club includes: Design, Equipment and Fit Out in a package price that provides you with significant savings, plus the clout of the Gold's Gym legacy. Our new turn-key solution gives you the opportunity to maximize your market/ territories by expanding into areas where penetration is low or customer's needs are not currently being serviced by existing facilities.
Fast Track Development
ATTRACTIVE TERMS
The new Gold's Gym turn-key solution was developed to provide current franchisees with the opportunity to maximize their market territory and to give new franchisees an affordable start-up option.
Benefits
NEW TURN-KEY SOLUTION
DEVELOPMENT OPPORTUNITIES WORLDWIDE
The new Gold's Gym Concept Club is designed for existing and new franchisees to broaden their opportunity to obtain higher revenues and deeper market penetration. The concept club design offers a friendly, clean environment aimed at attracting a more diverse group of members. The hands-on, customized approach of Gold's Gym will create a market niche different from most of the large fitness chains and other emerging franchise concepts.
Facilities vary but can include:
- Free weights and resistance machine areas
- Circuit training area
- Locker Rooms - men & women
- Cardiovascular equipment area
- Personal Training
- Group Fitness - optional
- Spinning room - optional
- Pro Shop - optional
- Child Care - optional
- Juice Bar - optional
- Tanning - optional
Get More, For Less.
With a lower capital investment, this smaller format concept club includes: Design, Equipment and Fit Out in a package price that provides you with significant savings, plus the clout of the Gold's Gym legacy. Our new turn-key solution gives you the opportunity to maximize your market/ territories by expanding into areas where penetration is low or customer's needs are not currently being serviced by existing facilities.
2 New Layouts
Facility Includes:
- 8,000 sq. ft. facility
- 12,000 sq. ft. facility
Facility Includes:
- Full cardio-vascular and resistance training areas
- Full service locker room, designed on a smaller scale
- Additional group fitness components can be added depending on available space configuration.
- Locate your new Gold's Gym for maximum visibility and traffic.
- Design and Construct your state-of-the-art fitness center to be conveniently located with consistent build out and fitness programming.
- Provide your members with a comfortable environment by following the "Gold Gym Standards". You will rely on Gold's Gym Franchising Department to keep you on the leading edge of fitness trends.
- Target men and women who are committed to their well-being, and want a quality facility that is conveniently located where they live or work.
- Pursue aggressive marketing and sales campaigns aimed at your target audience. Initially focus on a new member campaign, and after the first year transition to an emphasis on referrals and renewals as well as periodic new member drives.
- Educate. Be an education resource in the fitness field for your members and the community at large. Gold's Gym facilities will help members and the surrounding community learn more about physical fitness.
ATTRACTIVE TERMS
The new Gold's Gym turn-key solution was developed to provide current franchisees with the opportunity to maximize their market territory and to give new franchisees an affordable start-up option.
Benefits
- Differentiate yourselves from the competition. Establish your gym as a formidable exercise facility by tailoring the services you offer and leveraging
the reputation that Gold's Gym has established. - The new Gold's Gym concept club addresses the barriers to market entry that have been created by the cost of developing a full-sized Gold's Gym.
- Our new concept club will provide consistency of services offered to all consumers while giving franchisees the opportunity to tailor their gym to meet the needs of their community.
- Gold's Gym offers both domestic and worldwide development opportunities.
NEW TURN-KEY SOLUTION
DEVELOPMENT OPPORTUNITIES WORLDWIDE
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