Franchising Status
Email Address
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Email Address
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8/10

Franchimp Summary Rating

10 /10
Lower than 0% of peers
5 /10
Higher than 53% of peers

Franchise Summary

Description
The franchise offered is to operate a Gold’s Gym Facility.
Company Background
Gold's Gym is a world-renowned fitness franchise with more than 4,000 locations in 50 countries and territories. For over 40 years we have been helping people achieve their goals through exercise and healthy living. We provide personal training, group exercise classes, nutrition counseling, and other services that promote physical well-being. Gold's Gym has helped millions of members transform their lives through our commitment to service excellence and the pursuit of progress for all who enter as guests.
Franchise Opportunity
The gym industry is growing but most people don't have time to go to the gym. Gold's Gym has a solution for busy people who want to get in shape and stay healthy. Our franchisees are part of a huge network that allows them to share their expertise with others and grow their business. We offer 24-hour access, so members can work out whenever it works for them, not just during normal working hours. Plus we have high-quality equipment and trainers on hand, making us the best option for busy individuals looking for a fitness program they can stick with long term!
Corporate Structure
Gold’s Gym Franchising LLC incorporated in Delaware on August 13, 1999 and converted to a Delaware limited liability company on July 21, 2004. They do business as Gold’s Gym Franchising and Gold’s Gym. Their principal business address is 4001 Maple Avenue, Suite 200, Dallas, Texas 75219. They have offered franchises for Gold’s Gym Facilities since 1999.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Gold’s Gym Facility is $2,218,250 to $5,000,500. This includes $32,000 to $48,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation under the Development Rights Agreement for a two-Facility development transaction is $25,000. This includes $20,000 that must be paid to the franchisor or an affiliate. If you wish to develop more than two Facilities, the investment will be an additional $10,000 per Facility.

Franchisee Attrition

10 /10
This franchise's rate of attrition in 2023 of 0.00% was Lower than the 4% in the Health & Fitness industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Employee Contact Database

# Name Position Phone Number Email Address

Franchise Disclosure Documents

FDD Effective Date

Distribution of Gold's Gym Franchisees

Gold's Gym Franchise System Development in 2021

FAQ

How much investment do I need to start my own Gold's Gym business?
Franchisees typically require at least $2,218,250 to $5,000,500 investment to get their Gold's Gym business started
What are the initial franchise fees for Gold's Gym?
Franchisees typically need to pay at least $32,000 in fees directly to Gold's Gym in order to earn the right to launch their business
How much money can I make with a Gold's Gym franchise? What are the average revenues for a typical Gold's Gym business?
We haven’t done the math on how much revenue a typical Gold's Gym brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $0 revenue, so we would expect Gold's Gym to generate a similar amount
How long do I need to commit to running a Gold's Gym unit? What is my contractual commitment?
Gold's Gym franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

5 /10
The Franchisor's investment costs ranges from $60,195 to $314,334 which is Much Lower than the $322,949 to $669,726 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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