Gold's Gym Signs Largest Non-US Development Agreement In Company History With Australia Deal

Brand Partners with Owner of Leading Sports Nutritional Company Guaranteeing Minimum of 50 Gyms Over the Next 10 Years

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Apr 28, 2014, 05:57 ET

DALLAS, April 28, 2014 /PRNewswire/ -- Gold's Gym, the world's leading authority on health and fitness, has signed an agreement to open a number of new, state-of-the-art gyms in Australia. Signed in the fourth quarter of 2013, this is the largest development agreement outside of the United States in Gold's Gym history.

Committed to opening a minimum of 50 gyms over the next 10 years – including the two pre-existing Gold's Gym locations in Fyshwick and Gungahlin – the brand has partnered with the owners of Aussie Supplements, one of the largest and most recognized sports nutritional companies in the country.

The Fyshwick and Gungahlin locations, which opened in March and June of 2013 respectively, are already proving the strength of Gold's Gym in this region of the world. The deal targets a market in which Gold's Gym is already well-known and well-respected, a testament to the global reach of the brand.

With this precedent set, new locations will have a firm foundation from which to build the brand's presence in Australia for years to come. "The Gold's Gym name is well known throughout Australia. With a brand as synonymous with fitness as Gold's Gym, we are very confident that we will be hugely successful," said Leigh Taylforth, Master Franchisee for Australia.

"We could not be more thrilled to be expanding in Australia with this 10 year agreement," said Tim Hicks, Senior Vice President for Franchising and International. "We are excited to bring to the Australian market the high caliber of service and commitment Gold's Gym is known for both stateside and across the world, from our best-in-class trainers to our top-of-the-line equipment and facilities."

For more information regarding Gold's Gym, visit www.GoldsGym.com or call 800.99.GOLDS.

About Gold's Gym

Established in Venice, Calif. in 1965, Gold's Gym is the most recognized gym chain in the world with more than 650 locations in 37 states and 28 countries. The iconic brand ranks in the top 15 percent of Entrepreneur magazine's 2011 "Franchise 500". 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 helps all kinds of people achieve their individual potential through fitness. For more information please visit www.goldsgym.com, www.facebook.com/goldsgym or www.twitter.com/goldsgym.

SOURCE Gold's Gym