Gold’s Gym FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is to operate a Gold’s Gym-branded health club.
Corporate Information
Gold’s Gym Franchise LLC is Delaware limited liability company formed on July 27, 2020. They do business under their company name and as “Gold’s Gym Franchise” and “Gold’s Gym.” Their principal business address is 5420 Lyndon B. Johnson Freeway, Suite 300, Dallas, Texas 75240. They have offered franchises for the operation of Gold’s Gym Facilities since March 26, 2021. Their only predecessor is Gold’s Gym Franchising LLC who offered franchises for Gold’s Gym Facilities from 1999 to May 2020.
Investment
The total investment necessary to begin operation of a Gold’s Gym Facility is $1,778,000 to $4,347,000. This includes $40,000 to $40,500 that must be paid to the franchisor or its affiliate ($45,050 to $46,500 if, at your sole option, you elect to participate in one or both of the Gold’s Gym Studio Programs). If you sign a Development Rights Agreement and commit to developing multiple Facilities, your initial investment under the Development Rights Agreement will increase be $10,000 multiplied by each such Facility (less the first Facility you agree to develop under a franchise agreement), all of which must be paid to the franchisor. The franchisor will apply your development fee, in $10,000 increments, toward the initial fee you owe as you sign each franchise agreement, so the development fee does not increase your total investment for each Facility, and that investment must be made whether or not you sign a Development Rights Agreement.
