{"id":22,"date":"2007-12-28T01:28:04","date_gmt":"2007-12-28T09:28:04","guid":{"rendered":"http:\/\/www.getbig.com\/headlines\/2007\/12\/28\/golds-gym-set-to-open-more-locations\/"},"modified":"2007-12-29T01:46:23","modified_gmt":"2007-12-29T09:46:23","slug":"golds-gym-set-to-open-more-locations","status":"publish","type":"post","link":"https:\/\/www.getbig.com\/headlines\/2007\/12\/golds-gym-set-to-open-more-locations\/","title":{"rendered":"Gold’s Gym set to open more locations"},"content":{"rendered":"

Some interesting information on opening and owning a Gold’s Gym Franchise. I found this the most staggering number, “While Gold’s is proud of its muscle-bound past, it cannot sustain its gyms with bodybuilders alone in the $17.6-billion fitness club industry.<\/strong>” A decent article and insight on the direction Gold’s Gym is headed.<\/p>\n

This was published in the Detroit Free Press<\/a>:<\/p>\n

Gold’s Gym, made famous in the cult film “Pumping Iron” starring Arnold Schwarzenegger and Lou Ferrigno, plans a major expansion in metro Detroit.<\/p>\n

Plans are in the works for 20 new locations and at least $40 million in investment, said Keith Albright, director of development for the Dallas-based fitness chain. The chain plans to add 200 locations by 2010 for a total of more than 650 U.S. locations.<\/p>\n

The bulk of Gold’s Gym locations are owned by franchisees. Michigan gyms are now in Ann Arbor, Howell, Battle Creek and New Buffalo. Albright plans a Detroit meeting in January to introduce potential franchisees to the brand.<\/p>\n

A Gold’s Gym franchise takes a substantial investment, he said. The gyms are a minimum of 20,000 square feet and require a $2-million investment to build and equip. The company requires its franchisees to have an $800,000 net worth with $300,000 in liquid assets.<\/p>\n

Added to that are initial franchise fees of $25,000 and then 3% of gross revenues for a royalty fee and 2% for advertising fees.<\/p>\n

The franchise, with its roots in bodybuilding, has typically attracted people who grew up in a gym, but that has changed.<\/p>\n

->> Read the Full Story Here<\/a>.<\/p><\/blockquote>\n

\n\n<\/tbody>\n<\/table>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Some interesting information on opening and owning a Gold’s Gym Franchise. I found this the most staggering number, “While Gold’s is proud of its muscle-bound past, it cannot sustain its gyms with bodybuilders alone in the $17.6-billion fitness club industry.” A decent article and insight on the direction Gold’s Gym is headed. This was published<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-22","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/posts\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/comments?post=22"}],"version-history":[{"count":0,"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/posts\/22\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/media?parent=22"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/categories?post=22"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getbig.com\/headlines\/wp-json\/wp\/v2\/tags?post=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}