Gold's Gym Franchise For Sale

Gold's Gym Franchise Opportunities

Gold's Gym International, Inc. is an American chain of international co-ed fitness centers (commonly referred to as gyms) originally started by Joe Gold in Venice Beach, California. Each gym offers a variety of cardio and strength training equipment as well as group exercise programs. Its headquarters have since relocated to Dallas.
Since Gold's Gym opened its first international location in Canada in 1985, the company has expanded its global franchising program to include nearly 180 international gyms including operations in Russia, India, Australia, Costa Rica, Japan, the United Kingdom, Netherlands, Germany, Egypt, Saudi Arabia, Mexico, Peru, Indonesia, Spain, Poland, Venezuela, Mongolia and the Philippines.
In 2017, the company opened its first location in Amman, Jordan.

How to open a Gold's Gym franchise?

1. Ensure you have adequate capitalization.
   In order to open a Gold's Gym franchise, you must have a net worth of more than $2,218,000.
2. Appreciate the investment required for a gyms franchise.
   You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
3. Evaluate your prior experience and strengths.
   You should thoroughly evaluate your prior business experience before applying to become a Gold's Gym franchise owner.
4. Assess market availability.
   You will want to look at the market availability for Gold's Gym franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
5. Submit your application.
   Your application will be reviewed by the Gold's Gym franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
6. Receive approval & opening your Gold's Gym franchise.
   You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.

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How much does Gold's Gym franchise cost?

Gold's Gym has the franchise fee of up to $40,000, with total initial investment range of $2,218,250 to $5,000,500.

Initial investments: $2,218,250 - $5,000,500
Net-worth Requirement: $1,000,000
Liquid Cash Requirement: $400,000

Ongoing Fees

Initial Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Ad Royalty Fee: 2%

Support Options

On-The-Job Training: 4+ hours
Classroom Training: 29 hours
Additional Training:: Advanced training & staffing training
Absentee Ownership Allowed

Gold Gym Franchise Info: https://franchising.goldsgym.com

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