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.
Financial Requirements for Gold Gym Franchise
Initial investments: $2,218,250 - $5,000,500
Net-worth Requirement: $1,000,000
Liquid Cash Requirement: $400,000
Initial Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Ad Royalty Fee: 2%
On-The-Job Training: 4+ hours
Classroom Training: 29 hours
Additional Training:: Advanced training & staffing training
Absentee Ownership Allowed
Gold Gym website: www.goldsgym.com
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