Question 1

Does Gold's Gym Facility franchise offer exclusive territory?

Accepted Answer

Gold's Gym Facility offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the Gold's Gym Facility franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Gold's Gym Facility is 10 years. Franchisees may renew up to 1 time for 10-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Gold's Gym Facility franchise?

Accepted Answer

The Gold's Gym Facility franchise non-compete clause extends for 2 years within a 5-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Gold's Gym Facility franchise?

Accepted Answer

Yes, Gold's Gym Facility allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $10,000 applies.