Start-Up Costs and Fees |
||
| Blink Fitness | Gold's Gym | |
| Investment | 637000 - 2150000 | 22200000000000 - 5000500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 5% | 2% |
| Year Founded | 2010 | 1965 |
| Year Franchised | 2015 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Blink Fitness | Gold's Gym | |
| Experience | 5+ years of relevant business experience or operator with that level of experience | Industry experience General business experience |
Financing Options |
||
| Blink Fitness | Gold's Gym | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Blink Fitness | Gold's Gym | |
| Training | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. | Available at headquarters |
| Support | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Regional advertising | |
| Operations | Number of employees required > about 20 Owner/operator required Absentee ownership allowed | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Blink Fitness | Gold's Gym | |
| 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 | |
| Blink Fitness | |
| Gold's Gym | |
| Franchise Fee | |
| Blink Fitness | |
| Gold's Gym | |
| Royalty Fee | |
| Blink Fitness | 5% |
| Gold's Gym | 5% |
| Advertising Fee | |
| Blink Fitness | 5% |
| Gold's Gym | 2% |
| Year Founded | |
| Blink Fitness | 2010 |
| Gold's Gym | 1965 |
| Year Franchised | |
| Blink Fitness | 2015 |
| Gold's Gym | 1980 |
| Term Of Agreement | |
| Blink Fitness | |
| Gold's Gym | |
| Renewal Fee | |
| Blink Fitness | |
| Gold's Gym | |
Business Experience Requirements |
|
| Experience | |
| Blink Fitness | 5+ years of relevant business experience or operator with that level of experience |
| Gold's Gym | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| Blink Fitness | No |
| Gold's Gym | No |
| Start-up Costs | |
| Blink Fitness | |
| Gold's Gym | |
| Equipment | |
| Blink Fitness} | |
| Gold's Gym | |
| Inventory | |
| Blink Fitness | |
| Gold's Gym | |
| Receivables | |
| Blink Fitness | |
| Gold's Gym | |
| Payroll | |
| Blink Fitness | |
| Gold's Gym | |
Training & Support |
|
| Training | |
| Blink Fitness | We offer an industry-leading 150 hours of training to prepare you to run your Blink business successfully. This training includes: Orientation that includes a thorough overview of the business Deep-dive classroom and virtual training on each area of the Blink business Hands-on operational training at one of our gyms A support person who will spend up to a week at your location during your club opening. |
| Gold's Gym | Available at headquarters |
| Support | |
| Blink Fitness | When you join the Blink Fitness family as a franchise owner, you gain instant access to one of the most well-rounded executive teams in the business. In addition to having deep roots in the fitness industry, our leadership team brings a mix of experience from world-class companies that includes Equinox, Dunkin Donuts, Pepsi, Procter & Gamble, Whole Foods Market, Starbucks, and Ann Taylor. |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Blink Fitness | |
| Gold's Gym | Co-op advertising, Regional advertising |
| Operations | |
| Blink Fitness | Number of employees required > about 20 Owner/operator required Absentee ownership allowed |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Blink 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 |
| Gold's Gym | |
| Canada Expansion | |
| Blink Fitness | |
| Gold's Gym | |
| International Expansion | |
| Blink Fitness | |
| Gold's Gym | |