Start-Up Costs and Fees |
||
| Gold's Gym | HOTWORX Studio | |
| Investment | 22200000000000 - 5000500 | 188070 - 351885 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | $550/mo. |
| Advertising Fee | 2% | |
| Year Founded | 1965 | 2016 |
| Year Franchised | 1980 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | HOTWORX Studio | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Gold's Gym | HOTWORX Studio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | HOTWORX Studio | |
| Training | Available at headquarters | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | |
| 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 | HOTWORX Studio | |
| 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 | |
| HOTWORX Studio | |
| Franchise Fee | |
| Gold's Gym | |
| HOTWORX Studio | |
| Royalty Fee | |
| Gold's Gym | 5% |
| HOTWORX Studio | $550/mo. |
| Advertising Fee | |
| Gold's Gym | 2% |
| HOTWORX Studio | |
| Year Founded | |
| Gold's Gym | 1965 |
| HOTWORX Studio | 2016 |
| Year Franchised | |
| Gold's Gym | 1980 |
| HOTWORX Studio | 2017 |
| Term Of Agreement | |
| Gold's Gym | |
| HOTWORX Studio | |
| Renewal Fee | |
| Gold's Gym | |
| HOTWORX Studio | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| HOTWORX Studio | |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| HOTWORX Studio | No |
| Start-up Costs | |
| Gold's Gym | |
| HOTWORX Studio | |
| Equipment | |
| Gold's Gym} | |
| HOTWORX Studio | |
| Inventory | |
| Gold's Gym | |
| HOTWORX Studio | |
| Receivables | |
| Gold's Gym | |
| HOTWORX Studio | |
| Payroll | |
| Gold's Gym | |
| HOTWORX Studio | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| HOTWORX Studio | |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| HOTWORX Studio | |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| HOTWORX Studio | |
| Operations | |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
| HOTWORX Studio | |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| HOTWORX Studio | 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 | |
| HOTWORX Studio | |
| International Expansion | |
| Gold's Gym | |
| HOTWORX Studio | |