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Available fitness franchise at low entry price

Wilmette, IL
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Asking Price:$350,000
Inventory:$5,000
FF&E:$175,000
Gross Revenue:$196,000
Rent:$5,586/Month
Established Year:2022
Listing ID: 2213251Listing provided by BizBuySell
BUSINESS DESCRIPTION

The typical fitness franchise costs $400,000 - $600,000 to start from scratch. Mayweather Boxing - Wilmette is available for $350,000. Why? The owner is relocating out of state.

In 2022, our client further expanded the MBF footprint in Chicago by adding a satellite location in the heart of the North Shore in Wilmette. Mayweather Boxing + Fitness is the most exciting franchise opportunity to hit the $22+ billion boutique fitness industry and has 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 nearly 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.

DETAILED INFORMATION
Location
Wilmette, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,400
Lease Expiration
05/05/2028
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located in Westlake Plaza, a strip mall right off the Edens Expressway (160,000 VPD [vehicles per day]) at Lake Avenue & Skokie Blvd (40K VPD [vehicles per day]). The first bricks & mortar Wayfair is opening in Edens Plaza (across the street). Two large high schools within 2 miles. The space is a perfect square, making it an optimal floorplan for the MBF concept. Other tenants include The UPS Store, Lou Malnatis, Supercuts and 3 popular Asian food spots. Free parking on site. The space is newly built out in 2022 with AV system and new equipment.
Competition
Limited competition in the immediate area and no one offering boxing. This opportunity offers: 1.) It is a simple operation to run with low monthly expenditures 2.) The feeling of changing people’s lives is rewarding 3.) The location has high traffic which will increase with the opening of Wayfair (Edens Plaza) 4.) Highly respected coaching staff that loves what they do 5.) Average income in the area is one of the highest in the city
Growth & Expansion
A person coming in could find opportunities for new leads/prospects in other towns (Evanston, Highland Park, Glencoe, Niles, Morton Grove). Expanding the marketing strategy with more grassroots, influencers, social media management. Adding more personal training, personal/corporate classes, small group kid’s classes could also be revenue drivers. Mayweather is also launching additional business lines that will help spread awareness to the Mayweather B+F brand.
Support & Training
Up to six months for ownership transition.
Reason for Selling
The owners are looking at business opportunities outside of fitness.
Franchise
This business is an established franchise
BUSINESS LOCATION
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Jim
Bates
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Jim Bates
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