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

Gold's Gym Franchising LLC
358 Hampton Dr.
Venice, CA
90291

Phone: (310)392-3005
Fax: (310)392-4680

Website: Visit Website

Gold's Gym News

Gold's Gym Unveils Conversion Program To Help Independent Club Operators ‘muscle' Through Weak Economy
As the economy remains uncertain and the competition from large chains continues to intensify, independent club operators across the nation are beginning to feel the pinch of stagnant and declining membership sales. In response, Gold's Gym, the most recognized name in fitness, has create... more

Gold's Gym Strengthens Presence Worldwide With Record 16 Locations Opening In May 2008
Despite slowing global economic conditions, the worlds $20 billion dollar-plus fitness industry continues to remain steady with growth and development. On the forefront of expansion is Gold's Gym, the most recognized name in fitness, announcing it will open a total of 16 franchise-owned location... more

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
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

Year U.S.A. Canada International Corporate

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

Expense In-House Third Party

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

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Legal Disclaimer: This information is not a franchise offering 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.