Start-Up Costs and Fees |
||
| Fitness Together | Gold's Gym | |
| Investment | 189162 - 328576 | 22200000000000 - 5000500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1984 | 1965 |
| Year Franchised | 1996 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Together | Gold's Gym | |
| Experience | Industry experience | Industry experience General business experience |
Financing Options |
||
| Fitness Together | 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 |
||
| Fitness Together | Gold's Gym | |
| Training | Classroom Training: 40 hours | Available at headquarters |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Regional advertising |
| Operations | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Fitness Together | 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 | |
| Fitness Together | |
| Gold's Gym | |
| Franchise Fee | |
| Fitness Together | |
| Gold's Gym | |
| Royalty Fee | |
| Fitness Together | 6% |
| Gold's Gym | 5% |
| Advertising Fee | |
| Fitness Together | 2% |
| Gold's Gym | 2% |
| Year Founded | |
| Fitness Together | 1984 |
| Gold's Gym | 1965 |
| Year Franchised | |
| Fitness Together | 1996 |
| Gold's Gym | 1980 |
| Term Of Agreement | |
| Fitness Together | 10 years |
| Gold's Gym | |
| Renewal Fee | |
| Fitness Together | 25% of current franchise fee |
| Gold's Gym | |
Business Experience Requirements |
|
| Experience | |
| Fitness Together | Industry experience |
| Gold's Gym | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| Fitness Together | No |
| Gold's Gym | No |
| Start-up Costs | |
| Fitness Together | |
| Gold's Gym | |
| Equipment | |
| Fitness Together} | |
| Gold's Gym | |
| Inventory | |
| Fitness Together | |
| Gold's Gym | |
| Receivables | |
| Fitness Together | |
| Gold's Gym | |
| Payroll | |
| Fitness Together | |
| Gold's Gym | |
Training & Support |
|
| Training | |
| Fitness Together | Classroom Training: 40 hours |
| Gold's Gym | Available at headquarters |
| Support | |
| Fitness Together | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Fitness Together | Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Gold's Gym | Co-op advertising, Regional advertising |
| Operations | |
| Fitness Together | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Gold's Gym | 30% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Fitness Together | 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 | |
| Fitness Together | |
| Gold's Gym | |
| International Expansion | |
| Fitness Together | |
| Gold's Gym | |