Start-Up Costs and Fees |
||
| Gold's Gym | Iron Tribe Fitness | |
| Investment | 22200000000000 - 5000500 | 300000 - 433500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | 1% |
| Year Founded | 1965 | 2010 |
| Year Franchised | 1980 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gold's Gym | Iron Tribe Fitness | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Gold's Gym | Iron Tribe Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gold's Gym | Iron Tribe Fitness | |
| Training | Available at headquarters | On-The-Job Training: 20 hours Additional Training: Online pre-training course |
| 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 Security/Safety Procedures 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. | Absentee Ownership Allowed Number of Employees Required to Run: 5 |
Expansion Plans |
||
| Gold's Gym | Iron Tribe 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 | |
| Iron Tribe Fitness | |
| Franchise Fee | |
| Gold's Gym | |
| Iron Tribe Fitness | |
| Royalty Fee | |
| Gold's Gym | 5% |
| Iron Tribe Fitness | 6% |
| Advertising Fee | |
| Gold's Gym | 2% |
| Iron Tribe Fitness | 1% |
| Year Founded | |
| Gold's Gym | 1965 |
| Iron Tribe Fitness | 2010 |
| Year Franchised | |
| Gold's Gym | 1980 |
| Iron Tribe Fitness | 2012 |
| Term Of Agreement | |
| Gold's Gym | |
| Iron Tribe Fitness | |
| Renewal Fee | |
| Gold's Gym | |
| Iron Tribe Fitness | |
Business Experience Requirements |
|
| Experience | |
| Gold's Gym | Industry experience General business experience |
| Iron Tribe Fitness | |
Financing Options |
|
| Franchise Fees | |
| Gold's Gym | No |
| Iron Tribe Fitness | No |
| Start-up Costs | |
| Gold's Gym | |
| Iron Tribe Fitness | |
| Equipment | |
| Gold's Gym} | |
| Iron Tribe Fitness | |
| Inventory | |
| Gold's Gym | |
| Iron Tribe Fitness | |
| Receivables | |
| Gold's Gym | |
| Iron Tribe Fitness | |
| Payroll | |
| Gold's Gym | |
| Iron Tribe Fitness | |
Training & Support |
|
| Training | |
| Gold's Gym | Available at headquarters |
| Iron Tribe Fitness | On-The-Job Training: 20 hours Additional Training: Online pre-training course |
| Support | |
| Gold's Gym | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Iron Tribe Fitness | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Gold's Gym | Co-op advertising, Regional advertising |
| Iron Tribe Fitness | 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. |
| Iron Tribe Fitness | Absentee Ownership Allowed Number of Employees Required to Run: 5 |
Expansion Plans |
|
| US Expansion | |
| Gold's Gym | |
| Iron Tribe 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 | |
| Iron Tribe Fitness | |
| International Expansion | |
| Gold's Gym | |
| Iron Tribe Fitness | |