Start-Up Costs and Fees |
||
| Gold's Gym | Profile by Sanford | |
| Investment | 22200000000000 - 5000500 | 388500 - 634500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1965 | 2012 |
| Year Franchised | 1980 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | Profile by Sanford | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Gold's Gym | Profile by Sanford | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | Profile by Sanford | |
| Training | Available at headquarters | On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Regional advertising | Co-op Advertising Ad Templates National Media 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. | Number of Employees Required to Run: 5 |
Expansion Plans |
||
| Gold's Gym | Profile by Sanford | |
| 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 | 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 | |
| Profile by Sanford | |
| Franchise Fee | |
| Gold's Gym | |
| Profile by Sanford | |
| Royalty Fee | |
| Gold's Gym | 5% |
| Profile by Sanford | 5% |
| Advertising Fee | |
| Gold's Gym | 2% |
| Profile by Sanford | 2% |
| Year Founded | |
| Gold's Gym | 1965 |
| Profile by Sanford | 2012 |
| Year Franchised | |
| Gold's Gym | 1980 |
| Profile by Sanford | 2014 |
| Term Of Agreement | |
| Gold's Gym | |
| Profile by Sanford | |
| Renewal Fee | |
| Gold's Gym | |
| Profile by Sanford | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| Profile by Sanford | |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| Profile by Sanford | No |
| Start-up Costs | |
| Gold's Gym | |
| Profile by Sanford | |
| Equipment | |
| Gold's Gym} | |
| Profile by Sanford | |
| Inventory | |
| Gold's Gym | |
| Profile by Sanford | |
| Receivables | |
| Gold's Gym | |
| Profile by Sanford | |
| Payroll | |
| Gold's Gym | |
| Profile by Sanford | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| Profile by Sanford | On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Profile by Sanford | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| Profile by Sanford | Co-op Advertising Ad Templates National Media 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. |
| Profile by Sanford | Number of Employees Required to Run: 5 |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| Profile by Sanford | 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 | |
| Profile by Sanford | 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 | |
| Profile by Sanford | |