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Mayweather Boxing + Fitness - River North Chicago

Chicago, IL

Seller Financing Available

MBF
Asking Price:$475,000
Gross Revenue:$550,000
Rent:$15,800/Month
Established Year:2020
Cash Flow:$100,000
Inventory:$5,000
FF&E:$200,000
Listing ID: 2171041Listing provided by BizBuySell
BUSINESS DESCRIPTION

Voted the Best Boxing Fitness Workout in Chicagoland!
Modern Luxury CS Magazine April 2024

In 2020, our client opened Mayweather Boxing & Fitness in the River North neighborhood of Chicago. Mayweather Boxing + Fitness is the most exciting franchise opportunity to hit the $22+ billion boutique fitness industry and taken the top spot in the industry for Entrepreneur Magazine’s Top New and Emerging Franchise Brands for 2023 (coming in No. 21).

Backed by a leadership team that knows exactly what it takes to run and grow successful fitness businesses, Mayweather Boxing + Fitness is one of the fastest growing boutique fitness brands in the nation. With over 60 locations open or in development stage, Mayweather Boxing + Fitness is connecting with savvy entrepreneurs who want to be part of the fitness franchise that’s changing the game forever.

The concept is an expertly programmed class experience that combines boxing combinations, cardio conditioning and strength exercises for a results-driven workout.

The Mayweather Boxing + Fitness business model is built around multiple revenue streams. While the core revenue stream is the recurring monthly memberships, the sale of merchandise and personal training packages are key drivers of additional profitability.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/03/2029
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located in the heart of the residential area with 30,000 residents within walking distance. On the retail level of a 195 unit luxury apartment complex, the space boasts 48 feet of store front exposure right on Hubbard. One block from the Merchandise Mart (10m visitors annually) and convenient to the Brown Line El train. The space is 3,000 square feet with an enclosed lobby, men’s and woman’s restrooms with 2 showers in each and a storage facility. The AV system is state of the art and the equipment has been maintained to top standard.
Competition
Overall, there is no direct competition with boxing studios in River North. The competition is with other studio fitness brands such as Orangetheory, F45, Studio Three, etc. East Bank Club is also a few blocks away but generally their members are not our target clientele. Mayweather Boxing + Fitness is the premier brand in the boxing studio fitness space and is the only boxing club in River North.
Growth & Expansion
Mayweather B+F has many potential avenues for future growth. The purchase of this gym also includes the rights to open other locations in the area (3 additional units included in purchase price). Internally, there is also great opportunity to grow membership with an owner who focuses on grassroots and social media marketing. Working on corporate partnerships, private classes, additional personal training and retail would be areas of significant revenue growth. The corporate team is continuing to work on additional revenue opportunities.
Financing
Open to seller financing or deal structures at the appropriate purchase price.
Support & Training
The studio is fully staffed with a full-time manager and expert coaching staff. The owner is willing to assist during a transition period and would be open to keeping their signature class on Saturdays.
Reason for Selling
The owner lives in the suburbs and wants to expand there.
Franchise
This business is an established franchise
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