Start-Up Costs and Fees |
||
| Gold's Gym | American Bodyworks | |
| Investment | 22200000000000 - 5000500 | 72000 - 246000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 2% | |
| Year Founded | 1965 | 0 |
| Year Franchised | 1980 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | American Bodyworks | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Gold's Gym | American Bodyworks | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | American Bodyworks | |
| Training | Available at headquarters | Before you open, you will run the ABW school. This is a very unique offer in the fitness industry. Under our model, anyone who has no experience in the fitness industry at all can learn how to run a health club. We teach you how to sell memberships, enter in contracts, reconcile your money, pick employees and trainers, and any other club operation necessary. Every new club can send one person to this week long seminar for no extra charge. After this training, you will feel confident when your doors open. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | American Bodyworks offers temporary and full time workers that have been in the industry and know how we operate. This ranges from sales people to back end workers. These workers can work temporarily to boost productivity and further your training; or provide a needed service for an extended period of time! Advertising. Through a small monthly fee you are a part of a national ad campaign. Our website is well maintained and up to date. We also have in house designers for any of your graphics needs that will make all of your promotional items professional looking and effective. Billing. As a franchisee we handle that for you. We run your credit card and checking drafts. We also provide a service for a small fee that will handle all your backend work for a monthly fee. This is perfect for non-owner operators. 24 hour tech support. Your computer system is vital to the operation of your club whether it is the draft or key card system. Problems sometimes arise and it is comforting to know someone is there to fix them at anytime. |
| Marketing | Co-op advertising, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Gold's Gym | American Bodyworks | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Gold's Gym | |
| American Bodyworks | |
| Franchise Fee | |
| Gold's Gym | |
| American Bodyworks | |
| Royalty Fee | |
| Gold's Gym | 5% |
| American Bodyworks | |
| Advertising Fee | |
| Gold's Gym | 2% |
| American Bodyworks | |
| Year Founded | |
| Gold's Gym | 1965 |
| American Bodyworks | 0 |
| Year Franchised | |
| Gold's Gym | 1980 |
| American Bodyworks | 0 |
| Term Of Agreement | |
| Gold's Gym | |
| American Bodyworks | |
| Renewal Fee | |
| Gold's Gym | |
| American Bodyworks | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| American Bodyworks | |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| American Bodyworks | No |
| Start-up Costs | |
| Gold's Gym | |
| American Bodyworks | |
| Equipment | |
| Gold's Gym} | |
| American Bodyworks | |
| Inventory | |
| Gold's Gym | |
| American Bodyworks | |
| Receivables | |
| Gold's Gym | |
| American Bodyworks | |
| Payroll | |
| Gold's Gym | |
| American Bodyworks | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| American Bodyworks | Before you open, you will run the ABW school. This is a very unique offer in the fitness industry. Under our model, anyone who has no experience in the fitness industry at all can learn how to run a health club. We teach you how to sell memberships, enter in contracts, reconcile your money, pick employees and trainers, and any other club operation necessary. Every new club can send one person to this week long seminar for no extra charge. After this training, you will feel confident when your doors open. |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| American Bodyworks | American Bodyworks offers temporary and full time workers that have been in the industry and know how we operate. This ranges from sales people to back end workers. These workers can work temporarily to boost productivity and further your training; or provide a needed service for an extended period of time! Advertising. Through a small monthly fee you are a part of a national ad campaign. Our website is well maintained and up to date. We also have in house designers for any of your graphics needs that will make all of your promotional items professional looking and effective. Billing. As a franchisee we handle that for you. We run your credit card and checking drafts. We also provide a service for a small fee that will handle all your backend work for a monthly fee. This is perfect for non-owner operators. 24 hour tech support. Your computer system is vital to the operation of your club whether it is the draft or key card system. Problems sometimes arise and it is comforting to know someone is there to fix them at anytime. |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| American Bodyworks | |
| Operations | |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
| American Bodyworks | |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| American Bodyworks | |
| Canada Expansion | |
| Gold's Gym | |
| American Bodyworks | |
| International Expansion | |
| Gold's Gym | |
| American Bodyworks | |