Question 1

How to apply for a franchise of Gold’s Gym?

Accepted Answer

To apply for a Gold’s Gym franchise, one has to visit the official website of the company. There, an application form has to be filled by the individual applying for a franchise. Then, the application is reviewed by the company’s personnel and then they get in touch with the individual to move things ahead.

Question 2

How much investment is needed to be an owner of a Gold’s Gym franchise?

Accepted Answer

In Tier 1 or metro cities, the investment needed comes around to 2 to 3 crore rupees. In Tier 2 and Tier 3 cities, the money required to open up a Gold’s Gym franchise is approximately 1 crore to 1.5 crore rupees.

Question 3

How much outlet space or area is required to open a Gold’s Gym?

Accepted Answer

For a regular gym in Tier 1 or metro cities, an area ranging from 5000 to 7000 square feet is required. For Tier 2 and Tier 3 cities, the area required to open up a Gold’s Gym franchise is approximately 3000 to 4000 square feet.

Question 4

What are the different types of franchise options available to an applicant?

Accepted Answer

Two types of dealerships are offered by Gold’s Gym, depending on the location of the store. If the store is in Tier 1 or a metro city, then the dealership is for a regular gym, which will require an investment of 2 to 3 crore rupees and an outlet space of around 5000 to 7000 square feet is needed. If the franchise applicant wants the store to be located in Tier 2 or a Tier 3 city, then he or she has to get a dealership for an express gym. An investment of around 1 to 1.5 crore rupees and an area of 3000 to 4000 square feet is needed for that.

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