Gold's Gym Franchise
Health, racquet and sports club.
Bodybuilders training outside on Muscle Beach were the first customers for the original Gold's Gym when it opened in Venice, California, in 1965. With its intense, no-frills atmosphere, the gym soon became known as the 'Mecca of Bodybuilding.' Arnold Schwarznegger's movie 'Pumping Iron' focused on Gold's Gym, propelling it into the spotlight in 1975. Gold's Gym has been franchising since 1980, and franchises account for more than 90 percent of its locations. In addition to running the health club facilities, franchisees sell Gold's Gym licensed apparel through their Pro Shops.
Please Note: The operators of Gold's Gym, may not have verified the accuracy of the franchise information contained within this website. For accurate up-to-date information, customers are strongly recommended to visit the official Gold's Gym website.
Start-up Costs & Franchise Fees
How much does it cost to open a Gold's Gym franchise?
Total Investment: $300,000-$2,000,000
Initial Franchise Fee: $25,000
Royalty Fee: 3%
Advertising Fee:
How to contact Gold's Gym
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Gold's Gym Franchising LLC
358 Hampton Dr.
Venice,
CA
90291
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Phone: (310)392-3005
Fax: (310)392-4680
Website: Visit Website
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Gold's Gym News
Gold's Gym Opens Its Franchise In Jalandhar
After the success in Ludhiana, Gold's gym, the largest co-ed gym chain in the world has opened its franchise in Jalandhar.
Gold's gym, called "The Mecca of Bodybuilding", is the gym of preference for the amateur and the professional-athletes' besides fitness and beauty conscienc... more
Gold's Gym United Kingdom Announces Opening Of Five-star Fitness Facility In London
Gold's Gym United Kingdom announced this week the opening of its brand new London location, Gold's Gym Park Royal. The state-of-the-art 30,000 square foot facility is scheduled to open mid-December and residents are encouraged to take advantage of the discounted pre-sale membership rates.
... more
Gold's Gym Announces Resignation Of Gene Lamott As President And Ceo: Board Appoints David Schnabel As Ceo
Gold's Gym International announced today the resignation of Gene LaMott, Chief Executive Officer. The company's board of directors has appointed David Schnabel to serve as the new CEO.
"On behalf of our entire board of directors, I want to thank Gene LaMott for leading Gold's Gym ... more
Gold's Gym Makes Children's Wishes Come True
Gold's Gym Islip presents a chance for guests to burn calories while granting four children their greatest wishes at its 2nd annual "Spin-a-thon" charity event on Saturday, November 18. Both members and non-members are invited to participate in assorted yoga, dance, and spinning competi... more
Ggi And The Ggfa Announce Formation Of The National Franchise Council
Gold's Gym International (GGI) and the Gold's Gym Franchisee Association (GGFA) announced today a 10-year agreement and the formation of the National Franchise Council, a groundbreaking steering committee designed to discuss and resolve matters of interest to the Gold's Gym system.
Cr... more
View all Gold's Gym Press Releases
Franchise History
When did the first Gold's Gym open? 1965
When did Gold's Gym start franchising? 1980
| 2005 |
570 |
11 |
83 |
39 |
| 2004 |
540 |
14 |
63 |
37 |
| 2003 |
504 |
14 |
49 |
30 |
| 2002 |
489 |
15 |
49 |
32 |
| 2001 |
469 |
12 |
46 |
18 |
Expansion Plans
International:
Financing Options
| Franchise Fee |
No |
Yes |
| Startup Costs |
No |
Yes |
| Equipment |
No |
Yes |
| Inventory |
No |
Yes |
| Accounts Receivable |
No |
No |
| Payroll |
No |
No |
Training & Support
Training
Available at headquarters Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations Marketing
Co-op advertising, Regional advertising
Business Operations
30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed.
Qualifications & Business Experience
Business Experience:
Industry experience General business experience
This franchise opportunity has been viewed 9641 times.
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for Gold's Gym and should not be construed as such. TheFranchiseMall.com makes every effort to
maintain accurate franchise data but does not guarantee nor assume liability for
incorrect data. We recommend that anyone seriously interested in
pursuing a Gold's Gym franchise opportunity, review that franchise's Uniform
Franchise Offering Circular (UFOC) with an attorney and accountant.
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