Gold's Gym

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Gold’s Gym International, Inc.
Genre Fitness
Founded August 25, 1965; 52 years ago
Venice Beach, California, U.S.
Founder Joe Gold
Headquarters Dallas, Texas, U.S.
Number of locations
Over 700 (December 2011)
Owner TRT Holdings


Gold’s Gym

     Gold’s Gym International, Inc. is an American chain of international co-ed fitness centers (commonly referred to as gyms) originally started by Joe Gold in Venice Beach, California. Each gym offers a variety of cardio and strength training equipment as well as group exercise programs. Its headquarters have since relocated to Dallas.

Corporate History

     Joe Gold opened the first Gold’s Gym in August 1965, in Venice Beach, California, long before the modern day health club existed. Featuring homemade equipment and dubbed “the Mecca of bodybuilding“, it was frequented by Arnold Schwarzenegger and Dave Draper and featured in the docudrama Pumping Iron (1977), which brought attention not only to the gym itself but also to bodybuilding and physique in general. To this day, Gold’s Gym is considered a landmark in bodybuilding culture and has achieved cult status.

In 1970, Gold sold the at-the-time failing gym to Bud Danits, an antique dealer, and Dave Saxe, a jeweler. They ran the gym for almost two years, and when they realized it was not feasible for them, they were going to close it and reopen the premises as an antiques shop. They offered it to a gym member, Ken Sprague, who purchased it in late 1971, and Gold’s was saved as a gym. Sprague was the first owner of Gold’s to actually sponsor and hold bodybuilding competitions, and his promotional skills and film industry contacts helped build the establishment’s profile.

Pumping Iron

     By 1975, when George Butler was going to film Pumping Iron, it was Sprague’s savvy, telling Butler that he would paint the windows over to minimize back light, and let Butler mount a lighting grid to the inside ceiling that made Gold’s Gym the primary location for filming Pumping Iron. After the release of the movie in 1977, and along with the 1977 Mr. America contest and Mr. America Day parade held in Santa Monica, sponsored and conceived of by Sprague, the profile of Gold’s gym grew even larger. That year’s Mr. America had more press requests than the 1977 Academy Awards. By 1979, when Sprague had sold Gold’s Gym, it was the most famous gym in the world.

     From 1979 to 1999

     Gold’s Gym was owned by Peter Grymkowski (a Mr. World body building champion) and his partners. After two years of ownership, they moved from the 5500-square-foot facility into a 60,000-square-foot building over a six-year period. Grymkowski’s brother became the licensing director, which helped bring the Gold’s Gym name from one location to over 534 throughout the U.S. and the world. The company was one of the first in the health and fitness industry to franchise, starting in 1980.

     The company licenses its name to products such as fitness equipment and clothing. The original Gold’s Gym logo, a bald weightlifter holding a barbell, was designed in 1973 by professional wrestler Ric Drasin, who was Schwarzenegger’s training partner for four years. Notable users of Gold’s Gym have included such celebrities as Jessica AlbaJodie FosterMorgan FreemanDwayne JohnsonJim MorrisonKeanu ReevesHilary Swank, and Tiger Woods, among many others. The original Gold’s Gym in Venice Beach is considered a sports landmark by ESPN and is named on its list of the 100 most important sports venues.

Corporate information

     Gold’s Gym is privately owned. It was acquired from its previous owner, private equity firm Brockway Moran & Partners, by Robert Rowling’s TRT Holdings in 2004 for approximately $158 million. Brockway Moran had acquired the company in 1999 for more than $50 million.Corporate headquarters are in the Dallas metropolitan area.

     Since Gold’s Gym opened its first international location in Canada in 1985, the company has expanded its global franchising program to include nearly 180 international gyms including operations in RussiaIndiaAustraliaCosta RicaJapan, the United KingdomNetherlandsGermanyEgyptSaudi ArabiaMexicoPeruIndonesiaSpainPolandVenezuelaMongolia and the Philippines.

     In 2017, the company opened its first location in Amman, Jordan.

     There were 58 new Gold’s Gym developed all over the world in 2016. Chef Robert Irvine also become a Gold’s Gym franchisees in 2016 and opened Gold’s Gym Largo, Florida.

Current operations

     Gold’s Gym has more than 700 locations serving more than 2 million people across six continents. In 2015 and 2016, Gold’s Gym topped the J.D. Power Health and Fitness Center Satisfaction Report.

     In 2017, Gold’s Gym launched GOLD’S AMP, a fitness app that is meant to serve as a digital personal trainer for people to use anytime and anywhere. It includes numerous customization workout options led by Gold’s Gym coaches and thousands of music mixes.

Gold’s Gym Challenge

     Every year, Gold’s Gym holds the Gold’s Gym Challenge, a 12-week body transformation contest available to members. In January, participants begin their Challenge journey with initial measurements and photographs. Twelve weeks later, final measurements and photographs are taken to document results. Each participating Gold’s Gym chooses its local winners who are then eligible for the national prize pool.

     Gold’s Gym Challenge winners have been featured in many publications including PopSugarAtlanta Journal-Constitution, and Women’s Health.

All Above Information From Wikipedia.

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