Gold's Gym

The Gold's Gym franchise was founded in 1965 and began franchising in 1980. The franchise's first customers were bodybuilders training outside on Muscle Beach in Venice, California. The gym made a name for itself in Arnold Schwarzenegger's movie, "Pumping Iron."  Since then, the franchise has expanded to over 600 locations across six continents. Not only can franchise owners enjoy working with a legendary gym with 96% brand awareness, but they can also enjoy helping people reach their fitness goals. Franchise owners can also enjoy industry leading support and training, including assistance with site construction, marketing and PR campaigns, and more. Veterans are also incentivized to franchise with them a 20% discount off the initial franchise fee on the first unit. 

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Gold's Gym Franchise Cost and Requirements for 2022

Background

The fitness industry is a booming business that allows franchise owners to help people reach their fitness goals, and make a good living simultaneously. The Gold's Gym franchise is one of the industry's leader's with a 96% brand recognition. It was founded in 1965 and began franchising in 1980. The franchise's first customers were bodybuilders training outside on Muscle Beach in Venice, California. The gym made a name for itself in Arnold Schwarzenegger's movie, "Pumping Iron." Since then, the franchise has expanded to over 600 locations across six continents. This is an attractive investment for franchise owners because it has a massive fanbase, and they will be helped every step of the way. They can enjoy industry leading support and training, as well as assistance with site construction, marketing and PR campaigns, and more. Additionally, veterans are incentivized to franchise with them a 20% discount off the initial franchise fee on the first unit. The franchise's standard gym blueprint is 20,000 – 40,000 SQ FT.
The estimated investment level for a standard 35,000 SQ FT gym ranges from $2,218,250 to $5,000,500. Addiotnally, it has an initial franchise fee of $40,000. These footprints can either be be built from the ground up or retrofit into existing facilities, which saves franchise owners time and money when opening the business. In order to make the Gold's Gym franchise a family environment, the company hosts an annual convention, which allows franchise owners the opportunity to learn best practices and connect with franchisees from around the world. If you are looking to get your piece of the fitness industry, look no father than the Gold's Gym franchise.  
 

Company Details

Founded: 1965
First franchise: 1980
Headquarters: Dallas, Texas
International: Yes 
Canada: Yes

Support and Training Offered By Gold's Gym

In terms of support and training, the franchise owner can expect help from the franchise in terms of site construction and design, national marketing and PR campaigns, and more. In terms of ongoing support, the franchise's Field Business Consultants will there for you when you need it. 

2022 Franchise Requirements Needed to Own a Gold's Gym Franchise.

What does a Gold's Gym Franchise Cost?

Gold's Gym franchise fees for 2022:

Net Worth Requirement $1,000,000
Cash Requirement $400,000
Royalty Fee 5%
Veterans incentive: Yes 
Financing Options: Yes 
Initial Investment $1,493,000 - $3,502,000
Initial franchise fee: $40,000

Is Gold's Gym a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Gold's Gym is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Gold's Gym a Home Based franchise?

No. Gold's Gym is not a home based franchise opportunity.

What Do Gold's Gym Franchise Owners Make?

Click here to find out how much Gold's Gym franchisees make. Gold's Gym offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does Gold's Gym Offer a Veteran Discount?

Yes. Gold's Gym franchise does offer a veteran discount.

Is Gold's Gym Looking for Franchisees in Canada?

Yes. Gold's Gym franchise is looking for Canada franchisees.

Is Gold's Gym Looking for International franchisees?

Yes. Gold's Gym franchise is looking for International franchisees.

Additional Information

Additional Categories

Fitness, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

Gold's Gym Franchises for Sale

Click Here to inquire about existing Gold's Gym franchises for sale. We may have Gold's Gym franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.