Torrance CA Mayweather Boxing & Fitness Gym
RecreationFor Sale in Torrance, CA
Financial & Assets Details
About the Business
MUST SELL ASAP!
Seller is absentee and can no longer finance the COVID recovery despite membership and revenue increases that exceeded $500,000 in 2021. They spent $570,000 opening the location and are willing to sell for $250,000 if buyer can move forward immediately. Asset value exceeds $189,000.
The Torrance CA Mayweather Boxing & Fitness gym is a beautiful newly built in 2019 and fully operational in Jan 2020.
The Seller is more or less absentee and has another full time job which has increased the payroll expense significantly.
Membership and revenue has increased significantly with 2021 revenue exceeding $516,000 but that was still not high enough to offset the further investment it took to overcome the Covid pandemic and LA County mask mandate losses that took place and the seller is out of funds to continue operating despite the increases the location is realizing.
You will not find a better gym or fitness model in the area at a price this low with an increasing membership they have. This is a 3,500 sq. ft. gym and a full size boxing ring in addition to all Mayweather approved equipment.
Mayweather Boxing & Fitness was developed by Floyd and his trainers to incorporate his personal training routine package in a format and program that can be used by everyone, regardless of their age or fitness level. This allows members to individually achieve their fitness goals regardless of what those goals may be. This is the training model that made Floyd one of the greatest athletes of our time.
FMB offers a unique fitness model incorporating boxing, strength, and cardio exercise using state-of-the-art technology, all of which was developed to the specifications of one of the greatest athletes of our time.
Mayweather Boxing + Fitness offers the most effective group fitness experience on the market. Members learn from Floyd’s workout programs to get in the best shape of their lives.
The business model focusses on Mayweather's:
Brand: Leveraging our household-name brand, our franchisees generate immediate awareness and buzz around their business to drive faster growth.
Product: Using Mayweather’s own workouts, our members burn more calories and achieve better results.
Systems: Utilizing our simple model and easy-to-follow processes, you get to spend more time focusing on growing your business.
Technology: Providing a totally differentiated member experience through next-generation technology, including our Virtual Reality training, heartrate monitoring system and digital fitness app.
Support: Delivering best-in-class support. With just one corporate location, our experienced team is dedicated to fully supporting the success of our franchisees.
The location for the gym was selected after a great deal of research into the Torrance market. Located in Los Angeles County the boxing fitness gym is unique to the area. The Torrance market is diversified with and has a population of 143,000 people. The owner selected a
location off W Knox and Normandie St for its ability to best serve the surrounding market, benefit from the large population living in surrounding neighborhoods, and be convenient to members coming from a surrounding area within 5 miles from the gym.
Support & Training
Reason for Selling:
Absentee owner needs owner operator or one who can spend time with the business