Gold’s Gym Franchise Owner Becomes Competitor
February 27, 2008 by Sean Kelly
Filed under Business
(FranchisePick.Com) According to a story on FranBest Fitness, when their Lexington-based Global Fitness Holdings Inc. franchisee went independent last November, Gold’s Gym International not only lost its only locations in Ohio or Kentucky markets, it gained a formidable competitor. The franchise owner rebranded as Urban Active, and is launching an ambitious growth plan to open 50 clubs in the next 4 years.
Unless Gold’s can convince an independent club operator to convert, they likely won’t have any clubs in the Ohio & Kentucky markets until 2009 at the earliest.
Read more here: Gold’s Gym Seeks Ohio Franchise Owners, Conversions
Gold’s Gym International reportedly has 475 franchised and 64 company-owned fitness centers across the nation.
It also has 135 locations in 23 countries, and upwards of 150 gyms that currently in the process of opening some time the next 18 to 24 months.
Related Stories: New Owners Want to Pump Up Gold’s Gym Franchise
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