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.