Start-Up Costs and Fees |
||
| Gold's Gym | Medifast | |
| Investment | 22200000000000 - 5000500 | 148000 - 269000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 2% | |
| Year Founded | 1965 | 1980 |
| Year Franchised | 1980 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | Medifast | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Gold's Gym | Medifast | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | Medifast | |
| Training | Available at headquarters | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Real Estate, Construction and Business Development: Comprehensive Real Estate & Construction Manual Comprehensive Business Start-Up Manual Demographics research and site selection assistance Dedicated center start-up specialists General Operations Support: Program and product support teams Grand opening support Product ordering support Member management |
| Marketing | Co-op advertising, Regional advertising | Corporate branding corporate website, national TV, and national print Public relations support Best practices support in advertising and marketing, including print, radio, television, and local campaigns Lead management system Interactive content managed website for your local business Local search engine optimization and search engine management Social media resources and applications |
| Operations | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Gold's Gym | Medifast | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Gold's Gym | |
| Medifast | |
| Franchise Fee | |
| Gold's Gym | |
| Medifast | |
| Royalty Fee | |
| Gold's Gym | 5% |
| Medifast | |
| Advertising Fee | |
| Gold's Gym | 2% |
| Medifast | |
| Year Founded | |
| Gold's Gym | 1965 |
| Medifast | 1980 |
| Year Franchised | |
| Gold's Gym | 1980 |
| Medifast | 2007 |
| Term Of Agreement | |
| Gold's Gym | |
| Medifast | |
| Renewal Fee | |
| Gold's Gym | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| Medifast | No |
| Start-up Costs | |
| Gold's Gym | |
| Medifast | |
| Equipment | |
| Gold's Gym} | |
| Medifast | |
| Inventory | |
| Gold's Gym | |
| Medifast | |
| Receivables | |
| Gold's Gym | |
| Medifast | |
| Payroll | |
| Gold's Gym | |
| Medifast | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Medifast | Real Estate, Construction and Business Development: Comprehensive Real Estate & Construction Manual Comprehensive Business Start-Up Manual Demographics research and site selection assistance Dedicated center start-up specialists General Operations Support: Program and product support teams Grand opening support Product ordering support Member management |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| Medifast | Corporate branding corporate website, national TV, and national print Public relations support Best practices support in advertising and marketing, including print, radio, television, and local campaigns Lead management system Interactive content managed website for your local business Local search engine optimization and search engine management Social media resources and applications |
| Operations | |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| Medifast | |
| Canada Expansion | |
| Gold's Gym | |
| Medifast | |
| International Expansion | |
| Gold's Gym | |
| Medifast | |