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Gold's Gym reports 'strongest year of growth in company history'
22 Jan 2020 . BY Tom Walker
The franchised fitness giant's growth during the year focused on emerging markets
Photo: Gold's Gym
Gold's Gym completed 22 US franchise agreements and a total of 35 new openings worldwide during 2019 – the most in a single year in the company's history.

The franchised fitness giant's growth during the year focused on emerging markets, with nine new sites opening in Japan, eight in India, five in Saudi Arabia and four in Egypt.

It also secured new international master license agreements for Iraq (five clubs), Australia (30 clubs) and New Zealand (10 clubs).

On its domestic US market, its biggest new franchise deals were for North Carolina (eight clubs), Tennessee (five clubs) and Southern California (four clubs).

Also throughout 2019, the company worked to consolidate and optimise brand ownership through franchisee acquisition of company-owned clubs.

"This past year of success serves as proof that the Gold's Gym franchise opportunity is more attractive than ever as an investment in the fitness industry," said Gold's Gym president and CEO Adam Zeitsiff.

"Our continued franchise development achievements from 2019 have set the stage for what we anticipate will be another impressive year of growth on a global scale.

Craig Sherwood, Gold's Gym chief development officer, added: "As we head into 2020, I feel we are equipped with the perfect recipe for success: the right corporate leaders, the right franchisees and the right business model.

"With some major expansion opportunities already in the works, my team and I are proud to play a role in continuing to grow this brand 55 years beyond its inception."

Gold's Gym now has more than 700 locations serving 3 million people across six continents.
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Jobs   News   Products   Magazine
PRODUCT NEWS
Gold's Gym reports 'strongest year of growth in company history'
22 Jan 2020 . BY Tom Walker
The franchised fitness giant's growth during the year focused on emerging markets
Photo: Gold's Gym
Gold's Gym completed 22 US franchise agreements and a total of 35 new openings worldwide during 2019 – the most in a single year in the company's history.

The franchised fitness giant's growth during the year focused on emerging markets, with nine new sites opening in Japan, eight in India, five in Saudi Arabia and four in Egypt.

It also secured new international master license agreements for Iraq (five clubs), Australia (30 clubs) and New Zealand (10 clubs).

On its domestic US market, its biggest new franchise deals were for North Carolina (eight clubs), Tennessee (five clubs) and Southern California (four clubs).

Also throughout 2019, the company worked to consolidate and optimise brand ownership through franchisee acquisition of company-owned clubs.

"This past year of success serves as proof that the Gold's Gym franchise opportunity is more attractive than ever as an investment in the fitness industry," said Gold's Gym president and CEO Adam Zeitsiff.

"Our continued franchise development achievements from 2019 have set the stage for what we anticipate will be another impressive year of growth on a global scale.

Craig Sherwood, Gold's Gym chief development officer, added: "As we head into 2020, I feel we are equipped with the perfect recipe for success: the right corporate leaders, the right franchisees and the right business model.

"With some major expansion opportunities already in the works, my team and I are proud to play a role in continuing to grow this brand 55 years beyond its inception."

Gold's Gym now has more than 700 locations serving 3 million people across six continents.
PRODUCT NEWS
Life Fitness introduces new Axiom Series of strength equipment
Life Fitness has launched a new line of strength equipment targeting the commercial market.
CAWS unveils new programme designed to help trainers work with guests recovering from COVID-19
Educational company, CAWS, has launched a new programme to help educate trainers on how to support members recovering from COVID-19.
Core Health & Fitness announces Michel Somford as director of European sales
Core Health & Fitness has appointed Michel Somford, a 25-year industry veteran, as director of European sales.
The Virtual Revolution: Hutchison Technologies help operators motivate members
Hutchison Technologies virtual solutions are helping operators expand their virtual offering and get motivated members back into the club.
Volution explains how to drive the lifetime value of members through virtual engagement
In April 2020, two-thirds of the world’s gyms went into temporary closure due to COVID-19.
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GymPraaktis develops AI Exercise Engine software to revolutionise at-home fitness
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Speedflex develops new personalised HIIT programme to support the overweight getting into fitness
As the government announced its new obesity strategy to limit the impact of a potential second wave of COVID-19, HIIT specialists, Speedflex are also doing their bit to help tackle the issue.
Supercharge your efforts to attract and retain members with Keepme
Keepme is an AI revenue acceleration platform created for the fitness industry. Blending Artificial Intelligence, operational tools, and a unique automations engine, Keepme supercharges and streamlines effort to attract, retain, and re-engage members.
Dormy House enhances premium facilities with fully connected fitness suite
Dormy House, a luxurious boutique hotel and spa in the heart of the Cotswolds, has expanded its premium offer with the refurbishment of its two fitness suites, incorporating the latest, fully connected gym equipment from Matrix Fitness.
+ More products   
 
COMPANY PROFILES
Myzone Group Ltd

For Health Club Operators, we provide a member engagement system that enhances the fitness experie [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

MyZone Group Ltd - A new Zone is here
A new zone is here for your club, for your members and for you. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

30 Sep 2020

European Health & Fitness Forum (EHFF)

Exhibition Centre Cologne, Cologne, Germany
01-02 Oct 2020

CCR London

ExCeL London, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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