With more than three million members, as well as over 700 active establishments, Gold’s Gym is a truly worldwide enterprise. The brand offers an all-inclusive fitness experience in specially designed gym environments. But the expansion isn’t stopping any time soon. To this end, numerous franchise opportunities remain open…
Find Out Why So Many New Members Join
Personal training. Swimming facilities. High-quality strength-building equipment. Individually tailored fitness programmes. These are just some of the perks that Gold’s Gym members enjoy. Whenever they enter one of the brand’s establishments, they’re given the tools required to improve their own personal health as well as the chance to engage with a friendly community.
The Benefits of Partnering With Gold’s Gym
You need to know why entrepreneurs choose to invest in fitness and gym franchises. It’s because they’re far less risky propositions than independent operations! So, while you may initially be daunted by the cost of investing in a Gold’s Gym franchise, it’s important to realise what you’re actually purchasing – the support of a globally celebrated and resourceful brand. The company’s trade name will open so many doors. Here’s how you’ll be assisted from day one…
After you’ve signed your agreement, the Gold Gym’s franchise team will help you find an appropriate site for your establishment. This decision will be based on the demographics of the local area and the business opportunities within. Following the confirmation of the location, you’ll be connected with reliable contractors who can complete the necessary construction work. When it comes time for your gym franchise to launch, the company will help you plan the grand opening and also give you full marketing support.
Of course, you’ll also be extensively trained so you’re prepared for any obstacles that may come your way.
Are You a Suitable Candidate?
To take this remarkable fitness franchise opportunity, you don’t just need capital. You’ll also require a keen understanding of business, staff management and customer service. Plus, it goes without saying that you must have a passion for fitness and aiding others. Don’t forget, as a Gold’s Gym franchisee, your mission will be to help your members achieve their weight goals.
What You Need in Order to Invest
The brand states that to qualify for this franchise opportunity, applicants should have a minimum net worth of $1,000,000 as well as $400,000 in working capital. This converts to £717,955 and £287,182 respectively.
The Gold’s Gym franchise costs themselves are variable and will depend upon factors such as the chosen country, selected region, size of gym, required equipment and so on. This being said, you should expect to pay somewhere between $2,218,250 and $5,000,500 – £1,591,672 and £3,588,034. In addition, you’ll also need to pay a $40,000 franchise fee, which converts to £28,702. This won’t all need to be personal capital.
As part of this package, you’ll receive assistance with regards to site selection, construction and design. In addition to all-inclusive training, substantial marketing support and much more.
How Financing Works
To own a gym franchise like this one you’ll likely need funding. You can request this through most major financial institutions. But bear in mind, you’ll need to formulate and present a full business plan. This must contain your operation and marketing strategy as well as a detailed breakdown of your plan to spend the capital you’re provided with. On top of this, to qualify for a loan you’ll be required to have a good credit score and to be above the minimum income threshold.
Franchisee Training & Support
Running your own fitness franchise can occasionally be a complex task, but you’ll have the training and support you need to succeed. Gold’s Gym will have you undergo a comprehensive instructional programme and give you immediate access to its bespoke Customer Relationship Management and intranet systems. You’ll also get the benefit of a range of physical and digital marketing materials that have been proven to attract new members in the past.
Make Your Initial Enquiry
If you’re contemplating pursuing this franchise opportunity, send an enquiry and request further information. It’s easily done – fill out this form and submit it. It will take just seconds.