Gold’s Gym to have 101 centers by FY14

Fitness chain, Gold’s Gym India has quick plans to increase their center count from 86 to 101 this year. Reckoned as the fastest growing fitness brand in India, Gold’s Gym started franchising in the year 2004. Gold's Gym in India operates through F2 Fun & Fitness (India) Pvt. Ltd. [A Valecha- Advani Group Company] having a master franchisee for India, Sri Lanka, Bangladesh, Maldives, Nepal, Malaysia, Bangkok and Singapore.

Althea Shah, Vice President Marketing, Gold’s Gym India says: “Gold’s Gym India is planning to further expand its presence across India. The company is eyeing tier- II and III cities to tap country’s growing fitness market and plans to launch more than 30 fitness gyms by June 2015. In today’s day, a franchising model is the easiest way to become an entrepreneur. You get many instant benefits. You will receive business plans, procedures, policies, and rules ready made from the franchisor. Therefore, a large part of your installation and initial set up work is already done for you when opting for a franchise center.”

A prospective franchisee must have adequate reserves of working capital. He should have an interest in finance and business affairs. He should be able to work independently & get things done efficiently and lastly, he must have a realistic understanding of the franchise relationship and the obligations of both parties.