Start-Up Costs and Fees |
||
| Gold's Gym | Fit36 | |
| Investment | 22200000000000 - 5000500 | 161900 - 278950 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1965 | 2013 |
| Year Franchised | 1980 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | Fit36 | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Gold's Gym | Fit36 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | Fit36 | |
| Training | Available at headquarters | On-The-Job Training: 19 hours Classroom Training: 48 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Regional advertising | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Gold's Gym | Fit36 | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Gold's Gym | |
| Fit36 | |
| Franchise Fee | |
| Gold's Gym | |
| Fit36 | |
| Royalty Fee | |
| Gold's Gym | 5% |
| Fit36 | 6% |
| Advertising Fee | |
| Gold's Gym | 2% |
| Fit36 | 2% |
| Year Founded | |
| Gold's Gym | 1965 |
| Fit36 | 2013 |
| Year Franchised | |
| Gold's Gym | 1980 |
| Fit36 | 2014 |
| Term Of Agreement | |
| Gold's Gym | |
| Fit36 | |
| Renewal Fee | |
| Gold's Gym | |
| Fit36 | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| Fit36 | |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| Fit36 | No |
| Start-up Costs | |
| Gold's Gym | |
| Fit36 | |
| Equipment | |
| Gold's Gym} | |
| Fit36 | |
| Inventory | |
| Gold's Gym | |
| Fit36 | |
| Receivables | |
| Gold's Gym | |
| Fit36 | |
| Payroll | |
| Gold's Gym | |
| Fit36 | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| Fit36 | On-The-Job Training: 19 hours Classroom Training: 48 hours |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Fit36 | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| Fit36 | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
| Fit36 | |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| Fit36 | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Gold's Gym | |
| Fit36 | |
| International Expansion | |
| Gold's Gym | |
| Fit36 | |