Gold's Gym Accelerates Growth And Innovation In Strong 2016

Iconic Brand Caps Successful Year With String of New Development Deals, Awards and Product Offerings/ Ranked "Highest in Customer Satisfaction among Health and Fitness Centers, Two Years in a Row" by J.D. Power -

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Gold's Gym

Dec 13, 2016, 10:52 ET

DALLAS, Dec. 13, 2016 /PRNewswire/ -- Gold's Gym, the world's leading authority on health and fitness, announced today it experienced strong growth in 2016 and continued its aggressive global expansion. Fueled by a growing demand for fitness, an influx of new franchise partners and the global recognition of its iconic brand, the company opened 66 new locations around the world in 2016.

In addition to signing 18 development commitments in the U.S., Gold's Gym planted new flags in countries such as India, Japan, Egypt, Saudi Arabia and Australia. The momentum is already carrying over into 2017 with 47 new locations scheduled to open before the end of the year and aggressive plans to expand in countries like Germany, Africa, and South Korea.

"2016 was a banner year for Gold's Gym as we continued to focus on expansion, innovation and delivering a one-of-a-kind member experience," said Brandon Bean, CEO of Gold's Gym. "In addition to building state-of-the art facilities around the globe, we're helping more people than ever reach their potential through fitness. Whether it's through exclusive member guidance programs like GOLD'S PATH or our boutique-style GOLD'S STUDIO offerings, we're combining service, technology and community to deliver the best fitness experience in the business."

Founded in 1965 in Venice, California, Gold's Gym now has 720 locations in 38 states and 23 countries around the world. Its profile has evolved to offer a state-of-the-art fitness experience that includes the best personal training and group exercise classes in the business, as well as its exclusive GOLD'S STUDIO offerings. Most importantly, Gold's Gym has differentiated itself in a crowded industry by delivering and being recognized for outstanding service.

In 2016, Gold's Gym was "ranked highest in customer satisfaction among national health and fitness centers for the second year in a row," according to the J.D. Power 2016 Health and Fitness Center Satisfaction Report.^SM The annual report measures customer satisfaction with health and fitness centers by examining seven factors including cleanliness, equipment condition, helpfulness of the staff, price, safety, variety of classes, and variety of equipment and amenities in the facility.

Always at the forefront of the fitness revolution, Gold's Gym also debuted its GOLD'S STUDIO offering in 2016. This unique concept allows members to experience coach led, community driven and individually adapted boutique-style classes like GOLD'S FIT™, GOLD'S CYCLE™, and GOLD'S BURN™ while continuing to enjoy the full-service gym amenities of Gold's Gym. Currently available in 38 locations, the company plans to invest $8 million in developing additional GOLD'S STUDIOS over the next 18 months and will incorporate the prototype at all new locations moving forward.

Looking ahead, Gold's Gym will continue its rapid expansion by partnering with qualified franchisees who have a passion for the fitness industry and are looking to tap into a multi-billion dollar industry. Opportunities are available all over the US and around the world and the company boasts an experienced support team to help franchisees build and grow their business from the ground up. Candidates should have business experience, a minimum of $400,000 in liquid assets and a net worth of $1,000,000. Currently boasting average unit volume (AUV) of more than $2.4 million gross revenue and EBITDA of 22.8%, franchising with Gold's Gym offers a unique opportunity to join the $84 billion global fitness industry with one of the strongest and most recognized brands in the world.

To learn more about franchise opportunities with Gold's Gym, please visit franchising.goldsgym.com.

ABOUT GOLD'S GYM
Since 1965 Gold's Gym has built a Legacy of Strength − a legacy that goes back to the very first Gold's Gym in Venice, California. More than fifty years later, Gold's Gym is the most recognized gym chain in the world with more than 720 locations in 38 states and 23 countries. Gold's Gym offers the latest equipment and services, including group exercise, personal training, cardiovascular equipment, group cycle, Pilates and yoga. With nearly 3 million members worldwide, Gold's Gym's mission is to help people achieve their potential through fitness. For more information please visit www.goldsgym.com, www.facebook.com/goldsgym or www.twitter.com/goldsgym.

Contact:
Samantha Russo
Fish Consulting
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SOURCE Gold's Gym