Learn how to apply for Gold’s Gym Franchise to get started.Follow the article step by step.
In today’s world, many people believe that life is a race now. You have to be great at anything and everything to be successful. The mood of the people is so great that they think they may relax for even a minute to return to their careers. So they keep running, leaving one place to go to the other, never stopping to catch their breath. Eating while walking or working, working from home, discussing business with someone on the way to the office – all of these activities are part of the lifestyle of today’s generation.
But what people forget or cannot understand is that life is not a race; it’s a marathon. So, to always be on top of our game, we have to take care of ourselves too. Adding to the work pressure is the consumption of junk food on a daily basis. Technology enabled us to get food by just one tap on the phone. Cheap and readily available junk food contributes greatly to a person’s health deterioration. It all eventually builds up and is bound to take a toll on a person’s physical health. Just as a machine works to run overtime, it can lead to depletion and breakage.
Wellness has emerged as a new lifestyle choice for the current generation. Not to say that people weren’t previously fit or that they didn’t have an active lifestyle before. But in the last decade or two, the fitness industry has been booming, especially in India. To cope with the hectic life that is stressful for physical and mental health, people have started jogging, eating healthy and nutritious food and working out in gymnasts.
Gold Gym, arguably the most popular name in the fitness industry, is the one leading the charge in the business of getting fit and healthy. With the help of state-of-the-art equipment and expert consultants providing sound nutrition advice, Gold’s Gym has risen to the top of the world’s gym brands list.
There are companies or brands whose names can be used as synonyms for the industry in which they are located. Gold’s Gym is one such brand. Gold has Gym started with Joe Gold, a former U.S. corporal and maritime developer. It was launched in August 1965 in Venice Beach, California. What Joe set up as a place where he and his friends could train now has cultural status with a loyal person around the world.
Gold’s Gym was featured in the ‘Pumping Iron’ docudrama. The docudrama was a huge hit, helping to popularize not only the gym but also the body and fitness in general. Members such as Arnold Schwarzenegger and Dave Draper helped to gain the popular brand.
Gold’s Gym opened its first international store in Canada in 1985. Since then, the company expanded its business and now has around 180 international gymnasiums in places like India, Russia, Costa Rica, Mongolia, Jordan, Japan, United Kingdom, etc.
Today, Gold’s Gym is active in 6 continents, with over 2 million customers and over 200 locations.
Gold’s Gym Franchise:
Wellness is now the trend. Both men and women want to look good and feel good. And Gold’s Gym is no bigger name for fitness. Investing money to get a Gold For Gym seller is an excellent decision for many reasons. First and foremost is the well-established brand name and the years of worldwide recognition of the company. This will help the franchisee to attract customers at any time. Endorsements from celebrities help greatly promote the business and Gold’s Gym has many famous members.
Gold being Gym also assists the franchisee in planning the location of the gym and the layout of the gym. The company also provides special values through the Gold For Gym National Vendor Program.
Gold at Gym Franchise Cost in India:
The investment cost required to become a Gold Gold Gym franchise owner in such a scenario is around 1 crore to 1.5 crore rupees. The outlet space or area required for an express gym is approximately 3000 to 4000 square feet. Facilities such as cardio, strength, free weight, lockers, steam area, other wet places, etc., need to. Include in the gym.
As with all franchises, an individual must meet some requirements to obtain a franchise for Gold’s Gym. There are two types of franchises Gold Gold Gym offers. One is for ‘Regular Gymnasts, ‘And the other for’Gyms Express. Be
The regular gymnasiums come under the company’s expansion plan for Tier 1 or metro cities. For regular gymnasts, the franchisee requires a large investment that can be between 2 and 3 crore rupees. In addition, an area of approximately 5000 to 7000 square feet is also required. Facilities such as yoga, group exercise, swimming pool, spinning studio, free weight area, cardio, strength, steam bath, lockers, other wet places, etc. need to be included.
Explicit gymnasts are part of the company’s expansion plan for Tier 2 and Tier 3 cities.
The first step toward becoming a Gold is Gym franchisee is to go to Gold’s Gym’s official website and fill out an application form to apply for Gold’s Gym membership. Company personnel will then review the application and then contact the prospective franchisee to take matters further.
Gold For Gym Franchise Return on Investment (ROI):
While there are no precise figures or statistics to show how profitable the decision to invest in a Gym Gold franchise is, it can undoubtedly be the brand value that a Gold Gym carries when combined with the Today’s generation’s well-being is delivering huge results. Apart from the monetary benefits, there are a number of other benefits that a franchisee receives from the company. Assistance in site selection for the gym, franchisee training in Delhi, detailed operating manuals, on-field assistance and expert advice from the head office for the franchisee are just some of the many services the company provides to the franchise owner. .
Company Business Model:
Gold’s Gym first announced its presence in India in 2002 when it opened its first branch in the country in Mumbai city. After that, there was no looking back at the company. In 2015, the company had around 134 gymnasiums nationwide and today, the number is even greater.
Gold’s Gym follows a holistic approach to the well-being of its members. This can be proven with the help of state-of-the-art equipment and certified professional trainers in the gymnasiums to help members achieve their fitness goals. Famous celebrities all over the country go to Gold being Gym to get their work done. There are movie stars, TV personalities, sportsmen, etc. All members of the company.
Gyms around the world usually earn money from their members. This is the case with Gold’s Gym. The company’s main source of revenue is through the membership fees paid by the customers. Different types of membership are offered. Membership can be monthly or annual, depending on the member’s preference. The company focuses on individuals as well as families and corporate businesses. As such, membership to these entities is sometimes offered at reduced prices.
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Gold Franchise Franchise FAQ:
1. How to apply for a franchise of Gold being Gym?
Answer: To apply for Gold’s Gym franchise, you must visit the official website of the company. An application form must be completed by the person applying for a franchise. The company personnel then review the application and then contact the individual to move things forward.
2. How much investment is required to become a Gold owner Gym franchise?
Answer: In Tier 1 or metro cities, the required investment comes to 2 to 3 crore rupees. In Tier 2 and Tier 3 cities, the money needed to open the Gold’s Gym franchise is around 1 crore to 1.5 crore rupees.
3. How many outlet spaces or areas are required to open a Gold Gym?
Answer: For a regular gym in Tier 1 or metro cities, an area of between 5000 and 7000 square feet is required. For Tier 2 and Tier 3 cities, the area required to open the Gold’s Gym franchise is between 3000 and 4000 square feet.
4. What are the different types of franchise options available to an applicant?
Answer: Gold’s Gym offers two types of deals, depending on the store location. If the store is in Tier 1 or a metro city, then you are the seller for a regular gym, which requires an investment of Rs 2 to 3 crore rupees and requires an outlet space of around 5000 to 7000 square feet.
If the franchise applicant wants the store to be located in a Tier 2 or Tier 3 city, then he or she must find a vendor for an express gym. This requires an investment of about 1 to 1.5 crore rupees and an area of 3000 to 4000 square feet.
Wellness is now a lifestyle with more and more people taking it daily. But today, there are too many options that can lead to confusion as to which route to take. So, you have to go to a place with a well-established and respected name. This is where Gold’s Gym comes in.
The company has achieved cultural status in the wellness industry and growing more is the only way forward. So if someone is interested in physical fitness and wants to invest in a gym, Gold is Gym is the answer.