Franchise Gyms/Health Clubs

A good friend of mine recently approached my with a business offer: he wants me to go partners with him in opening a gym.

We've discussed going independent vs. buying into a franchise gym. And I wanted your opinions on the following gym franchises: Gold's Gym, World Gym, Powerhouse Gym and L.A. Fitness.
I want to hear both good & bad stories on your experiences with any of these franchised gyms.
 

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