Start-Up Costs and Fees |
||
| Gold's Gym | PickUp USA Fitness | |
| Investment | 22200000000000 - 5000500 | 533266 - 1150054 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | 1% - 2% |
| Year Founded | 1965 | 2011 |
| Year Franchised | 1980 | 2016 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | PickUp USA Fitness | |
| Experience | Industry experience General business experience | While not required, a passion for fitness and basketball is a huge plus! Owning a fitness club is a tremendous opportunity to build a business doing something you love. To get started, franchise candidates, either individually or cumulatively amongst a group of investors, should have a minimum of $150,000 in liquid capital and $300,000 in net worth. This gives a new franchisee the base financials to attempt to obtain necessary bank financing to be properly capitalized to launch a PickUp USA. |
Financing Options |
||
| Gold's Gym | PickUp USA Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | PickUp USA Fitness | |
| Training | Available at headquarters | * Comprehensive 8 day training at our headquarters in Irwindale, CA for you and your two managers |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | PickUp USA provides comprehensive support from the day you sign your franchise agreement. * Pre-Open Support * Grand Opening Support * Ongoing Support o Assistance with site-selection, club layout, design & construction o Comprehensive 8 day training o On-site guidance for 5 days from our corporate team o Support with marketing, sales and operations o Continuous, on-site, telephone and email support will be with you during your entire journey o Your success is our success! |
| Marketing | Co-op advertising, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. | We require an owner/operator Approximately 10 staff are needed to run a PickUp USA Fitness club. |
Expansion Plans |
||
| Gold's Gym | PickUp USA Fitness | |
| 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 | |
| PickUp USA Fitness | |
| Franchise Fee | |
| Gold's Gym | |
| PickUp USA Fitness | |
| Royalty Fee | |
| Gold's Gym | 5% |
| PickUp USA Fitness | 6% |
| Advertising Fee | |
| Gold's Gym | 2% |
| PickUp USA Fitness | 1% - 2% |
| Year Founded | |
| Gold's Gym | 1965 |
| PickUp USA Fitness | 2011 |
| Year Franchised | |
| Gold's Gym | 1980 |
| PickUp USA Fitness | 2016 |
| Term Of Agreement | |
| Gold's Gym | |
| PickUp USA Fitness | |
| Renewal Fee | |
| Gold's Gym | |
| PickUp USA Fitness | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| PickUp USA Fitness | While not required, a passion for fitness and basketball is a huge plus! Owning a fitness club is a tremendous opportunity to build a business doing something you love. To get started, franchise candidates, either individually or cumulatively amongst a group of investors, should have a minimum of $150,000 in liquid capital and $300,000 in net worth. This gives a new franchisee the base financials to attempt to obtain necessary bank financing to be properly capitalized to launch a PickUp USA. |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| PickUp USA Fitness | No |
| Start-up Costs | |
| Gold's Gym | |
| PickUp USA Fitness | |
| Equipment | |
| Gold's Gym} | |
| PickUp USA Fitness | |
| Inventory | |
| Gold's Gym | |
| PickUp USA Fitness | |
| Receivables | |
| Gold's Gym | |
| PickUp USA Fitness | |
| Payroll | |
| Gold's Gym | |
| PickUp USA Fitness | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| PickUp USA Fitness | * Comprehensive 8 day training at our headquarters in Irwindale, CA for you and your two managers |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| PickUp USA Fitness | PickUp USA provides comprehensive support from the day you sign your franchise agreement. * Pre-Open Support * Grand Opening Support * Ongoing Support o Assistance with site-selection, club layout, design & construction o Comprehensive 8 day training o On-site guidance for 5 days from our corporate team o Support with marketing, sales and operations o Continuous, on-site, telephone and email support will be with you during your entire journey o Your success is our success! |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| PickUp USA Fitness | |
| Operations | |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
| PickUp USA Fitness | We require an owner/operator Approximately 10 staff are needed to run a PickUp USA Fitness club. |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| PickUp USA Fitness | 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 | |
| PickUp USA Fitness | |
| International Expansion | |
| Gold's Gym | |
| PickUp USA Fitness | |