Gold's Gym vs Herbal Magic Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Gold's Gym vs Herbal Magic including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Gold's Gym Herbal Magic
Investment 22200000000000 - 5000500 50000 - 100000
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 Herbal Magic
Experience Industry experience General business experience We are seeking dedicated and motivated owner/operators who intend on being active in the day-to-day operation of their centre. Unlike most other franchises, we do not require candidates with specific entrepreneurial experience or industry qualifications. Based on a proven formula for success, we specialize in assisting new franchise owners achieve what many others already have.

Financing Options
  Gold's Gym Herbal Magic
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Gold's Gym Herbal Magic
Training Available at headquarters Much like our successful weight loss program formula, your franchise will thrive on passion, commitment, and personal attention. We will provide you with the tools to run a fulfilling and profitable business. It all starts with a valuable two-day Orientation at the Herbal Magic Corporate Office in London, Ontario. During this time you will be fully trained by our Management team and expert staff on: * Site planning/centre specifications * General business and administrative procedures * Hiring practices * Marketing and advertising ideas and strategies You will then be required to attend one week of classroom training where you'll learn everything about our products, in-store policies and procedures, and best practices.
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations During your grand opening week, one of our Corporate Franchise Service Representatives will be on-site to provide additional training specific to you, your centre, and your staff. In addition to the initial training, Herbal Magic provides support through all stages of your new business venture, including: * Site selection assistance * Lease negotiation assistance * Store layout blueprinting * Store leasehold and renovations assistance * Grand opening advertising support * Frequent training seminars * Monthly sales and performance analysis of your centre
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 Herbal Magic
US Expansion
Canada Expansion Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion

Start-Up Costs and Fees Mobile
Investment
Gold's Gym
Herbal Magic
Franchise Fee
Gold's Gym
Herbal Magic
Royalty Fee
Gold's Gym 5%
Herbal Magic
Advertising Fee
Gold's Gym 2%
Herbal Magic
Year Founded
Gold's Gym 1965
Herbal Magic 0
Year Franchised
Gold's Gym 1980
Herbal Magic 0
Term Of Agreement
Gold's Gym
Herbal Magic
Renewal Fee
Gold's Gym
Herbal Magic


Business Experience Requirements
Experience
Gold's Gym Industry experience General business experience
Herbal Magic We are seeking dedicated and motivated owner/operators who intend on being active in the day-to-day operation of their centre. Unlike most other franchises, we do not require candidates with specific entrepreneurial experience or industry qualifications. Based on a proven formula for success, we specialize in assisting new franchise owners achieve what many others already have.

Financing Options
 
Franchise Fees
Gold's Gym No
Herbal Magic No
Start-up Costs
Gold's Gym
Herbal Magic
Equipment
Gold's Gym}
Herbal Magic
Inventory
Gold's Gym
Herbal Magic
Receivables
Gold's Gym
Herbal Magic
Payroll
Gold's Gym
Herbal Magic

Training & Support
Training
Gold's Gym Available at headquarters
Herbal Magic Much like our successful weight loss program formula, your franchise will thrive on passion, commitment, and personal attention. We will provide you with the tools to run a fulfilling and profitable business. It all starts with a valuable two-day Orientation at the Herbal Magic Corporate Office in London, Ontario. During this time you will be fully trained by our Management team and expert staff on: * Site planning/centre specifications * General business and administrative procedures * Hiring practices * Marketing and advertising ideas and strategies You will then be required to attend one week of classroom training where you'll learn everything about our products, in-store policies and procedures, and best practices.
Support
Gold's Gym Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Herbal Magic During your grand opening week, one of our Corporate Franchise Service Representatives will be on-site to provide additional training specific to you, your centre, and your staff. In addition to the initial training, Herbal Magic provides support through all stages of your new business venture, including: * Site selection assistance * Lease negotiation assistance * Store layout blueprinting * Store leasehold and renovations assistance * Grand opening advertising support * Frequent training seminars * Monthly sales and performance analysis of your centre
Marketing
Gold's Gym Co-op advertising, Regional advertising
Herbal Magic
Operations
Gold's Gym 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed.
Herbal Magic

Expansion Plans
US Expansion
Gold's Gym
Herbal Magic
Canada Expansion
Gold's Gym
Herbal Magic Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion
Gold's Gym
Herbal Magic