Gold's Gym International, Inc.
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| Business Established: |
1965
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| Franchising Since: |
1980
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| Franchised Units: |
700
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| Company Owned Units: |
70
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| Start-up Cost: |
$400,000
to $500,000
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| Total Investment: |
$895,500
to $1,000,000
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Offering Financial Assistance
Gold's Gym Capital (GGC), new division at GGI, arranges financing for franchisees and prospective franchisees. GGC secures financing for expanding into new clubs and for financing of new fitness and non-fitness equipment. No direct funding.
Special Incentives
VetFran Participant
International Opportunity
VetFran Incentive
20% discount off the Initial Franchise Fee on the first purchased Franchise Agreement.
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COMPANY DETAILS
Description
Established in Venice, Calif. in 1965, Gold’s Gym is the largest full-service gym chain in the world with more than 700 locations in 42 states and 30 countries. The iconic brand ranks in the top 15 percent of Entrepreneur magazine’s 2011 “Franchise 500.” Gold’s Gym offers the latest equipment and services, including group exercise, personal training, cardiovascular equipment, group cycle, Pilates and yoga. With nearly 3.5 million members worldwide, Gold’s Gym helps all kinds of people achieve their individual potential through fitness. For more information please visit www.goldsgym.com or www.facebook.com/goldsgym.
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CONTACT INFORMATION
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Damien Morales
Director of Franchise Sales |
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125 E. John Carpenter Freeway
Suite 1300 |
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Irving |
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TX |
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75062 |
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(214) 574-4653 |
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(214) 296-5066 |
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TRAINING
Gold’s Gym has a multi-level comprehensive training and support system that provides management training programs to franchisees and their staff. We also offer online training through our Gold's Gym University platform. We also offer complete and extensive operating manuals in the following areas: Sales, Front Desk, Personal Training, Customer Service and Introduction to Fitness. Gold’s Gym is aimed at delivering efficient and modern approaches to learning and orienting new and existing franchisees to the Gold’s Gym organization.
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QUALIFICATIONS
Single Unit Developers: $400,000 in liquid assets and $1 M net worth; Multi-Unit Developers (ability to develop 3 or more fitness facilities): $1 M liquid assets and $3 M net worth. Strong banking relationships and ability to qualify for financing; 2 years gym operations and development experience or comparative business experience in other industry; dedication to the Gold’s Gym culture; excitement toward fitness, helping people achieve their personal health goals and spirit of community service is required.
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