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 100 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.

Total Sales: $550,000

FFE: $200,000

FFE Included: Yes

Inventory: $5,000

Inventory Included: Yes

Year Established: 2020

Days & Hours of Operation: 6am-7:30pm Monday – Thursday ; 6am-6:30pm Friday ; 8am-Noon Saturday & Sunday

Owner Hours Per Week: 30

Non-Owner Payroll: $142,600

Absentee Owner: No

Security on Lease: Yes

Lease Option: Two 5 Year options to renew.

Real Estate Included: No

Monthly Rent: $15,537

Type of Location: Fitness Studio

Square Footage: 3000

Franchise: Yes

Relocatable: Yes

Facilities Information:

Mayweather Boxing + Fitness River North is located in the heart of the residential area of the neighborhood. On the retail level of a 196 unit luxury apartment complex (221 Hubbard), the space boasts 48 feet of store front exposure right on Hubbard. The location is a block from the Merchandise Mart (10m visitors annually) and convenient to the Brown Line El train. The River North neighborhood boasts more than 30,000 residents that are within walking distance to the studio.

The space is 3000 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.

Reason For Sale:

I am selling the business in order to expand the brand in the suburbs where I reside.

Training & Support:

Yes

Owner Qualifications:

1.) A very strong marketing acumen, especially in social media. 2.) Good operational knowledge - how to run effective and efficient systems. 3.) Jack of all Trades...a person is willing to do all jobs, including sweep the floor and answer phones. 4.) A friendly and personable leader to the staff and members...someone who can talk to anyone.

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 and other boutique fitness brands in the neighborhood. Title (Lincoln Park) and Rumble (Gold Coast) are other boxing fitness gyms in Chicago, but do not compare to the Mayweather B+F experience.

Potential Growth:

Mayweather B+F has many potential avenues for future growth. There is 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/Terms:

Cash at closing only