Boxing Club Franchise Cost, Requirements, and More! (2024)
Boxing Club Franchise Background
Boxing Club (“TITLE”) is the first and one of the top boxing clubs committed to giving all bodies, all weights, all abilities the most empowering workout of their lives. Their signature Power Hour, led by dedicated trainers, utilizes the fundamentals of a true boxer’s workout to strengthen and tone members arms, legs back, core, and confidence.
Boxing Club is a class based boutique fitness gym. It has three main revenue streams: memberships, personal training, and retail. Roughly 6-7 classes are offered a day, taking anywhere from 45 min to 1 hour to complete
After being recognized by Inc. 5000 as the #1 Fastest Growing Franchise in 2015, they have experienced unprecedented growth with both their members and their franchise locations. Empowering, exhilarating and addictive—their goal is for the gym to be the community’s new favorite workout
Management Team
Boxing Club is led by a very experienced franchise team. Behind the growth of Boxing Club is a group of successful franchise industry leaders and business partners dedicated to growing the business. Company leadership includes one IFA Entrepreneur of the Year, one future IFA Chairperson, current IFA Board Members and one partner on the Board of Directors for more than 15 franchise companies
Franchise Fitness Center Industry Analysis
Franchise Strengths
- Proven fitness concept that offers a strong sense of community, personalized attention, and variety
- Very well positioned in the fitness market by offering a workout in the high-intensity-training (HIT) segment
- Appeals to a wide range of the population, from people who want to get in shape to others who are already in top physical condition
- Partnered with a very well established and known brand
Franchise Weaknesses
- Boutique gym that does not offer all the resources and amenities of a full-service gym
- Reliant on finding and retaining good coaches/trainers to deliver the workouts and engage the members
- The fitness market is very competitive with low barriers to entry
Franchise Opportunities
- As a boutique concept, able to charge higher pricing than traditional fitness concepts
- Growing niche within the fitness market – 74% membership growth in boutique fitness concepts over the past 3 years(1)
- Very large and growing market – $30bn industry with continued growth
- Powerful brand that is growing in recognition
Franchise Threats
- Operating in a very large, competitive market that is rapidly changing
- Profits can be negatively impacted due to proximity of a similar competitor
- Potential for change in consumers’ preferred fitness regimen
How much is a Boxing Club Franchise?
Boxing Club Franchise cost ranges from $160,261 to $520,110 according to the 2020 FDD.
| Item | Estimated Amount (in USD) | When Due | To Whom Payment is to Be Made | |
| Low | High | |||
| Initial Franchise Fee | $49.500 | $49.500 | When you sign the Franchise Agreement | Franchisor |
| Standard Initial Package | 64.121 | 102.810 | Speak with Franchisor | Franchisor |
| Sales Tax on Standard Initial Package | 0 | 10,000 | As Incurred | Franchisor |
| Delivery for Standard Initial Package | 1,000 | 10,000 | As Incurred | Vendors |
| Initial Training Fee | 5,000 | 5,000 | As Incurred | Franchisor |
| Travel and Living Expenses While Training | 2,500 | 5,000 | During Training | Airlines, Hotels & Restaurants |
| Leasehold Improvements | 0 | 220,000 | As Arranged | Vendors and Suppliers |
| Architectural and Engineering Services | 5,000 | 12,000 | As Incurred | Vendors |
| Signage | 3,500 | 10,000 | As Incurred | Vendors and Suppliers |
| Additional Fees | 500 | 2,000 | As Incurred | Vendors and Suppliers |
| Security Deposits | 5,000 | 11,000 | As Arranged | Lessor of Premises; Utility Companies |
| Rent (3 Months) | 0 | 30,000 | As Incurred | Lessor of Premises |
| Business Equipment | 1,000 | 2,000 | As Incurred | Vendors and Suppliers |
| Office Supplies | 500 | 2,000 | As Incurred | Various Suppliers |
| Training Materials | 500 | 500 | As Incurred | Franchisor |
| Licenses & Permits | 500 | 3,000 | As Incurred | Licensing Authorities |
| Insurance – 3 months | 1,500 | 2,500 | As Incurred | Insurance Vendor |
| Music Licensing Fee | 400 | 800 | As Incurred | Vendors |
| Site Selection Assistance / Consulting | 0 | 2,000 | As Incurred | Approved Supplier for Site Selection Assistance |
| Additional Funds- 3 months working capital | 20,000 | 40,000 | As Necessary during First 3 Months of Operation | Landlord, utilities, providers, suppliers, and other operating expenses |
| TOTAL | $160.521 | $520.110 | ||
How Much does a Boxing Club Franchise make?
| Franchise Location 1 | Franchise Location 2 | Franchise Location 3 | Franchise Location 4 | Franchise Location 5 | Franchise Location 6 | Franchise Location 7 | |
| Monthly Pricing (Annual / Monthly Membership) | $109/$139 | $109/$159 | $119/$149 | $109/$139 | $109/$129 | $139/$169 | $109/$149 |
| Gross Revenue | $930.267 | $1.123.157 | $1.024.303 | $533.459 | $612.310 | $1.561.282 | $921.189 |
| EBITDA | $381.410 | $540.455 | $159.011 | $120.028 | $91.847 | $338.676 | $161.208 |
2018 Revenue for Locations in the Top Quartile
| Average | High | Low | Number Above the Average | Number Below the Average | |
| Gross Revenue | $743,145 | $1.323.046 | $529.096 | 15 | 25 |
| Average | High | Low | Number Above the Average | Number Below the Average | |
| Gross Revenue | $429.364 | $515.383 | $371.267 | 18 | 22 |
| Average | High | Low | Number Above the Average | Number Below the Average | |
| Gross Revenue | $315.113 | $365.321 | $265.683 | 19 | 21 |
| Average | High | Low | Number Above the Average | Number Below the Average | |
| Gross Revenue | $201.938 | $263.776 | $113.033 | 23 | 17 |
FDD Disclosure: “You are responsible for developing your own business plan for your Fitness Facility, including capital budgets, financial statements, projections and other elements appropriate to your particular circumstances. You should conduct your own investigation of the costs and expenses you will incur in operating the Fitness Facility. Franchisees and former franchisees, listed below in Item 20, may be one source of such information”.
Written substantiation of the data presented in the following tables will be made available to you upon reasonable request.
Some of the Fitness Facilities have achieved the results set forth in the tables below, but actual results may vary. Your individual results may differ. There is no assurance that you will achieve the results set forth below.”
FDD Disclaimer: “As of December 31, 2018, there were 156 franchised locations and 2 affiliate-owned locations open for one full year. The tables below provide historical information for Gross Revenue for Fitness Facilities operated by our franchisees and affiliates, as explained in greater detail below. The first table includes 2018 Gross Revenue information for the top quartile as reported to us through our system software. The second and third tables include some information for the middle quartiles. The fourth table includes the same information as the second table for the lowest quartile. The quartiles were derived by taking the 158 locations and dividing them into 4 groups of 40, 40, 39 and 39 with the locations achieving the highest Gross Revenue being in the top quartile, the next highest 40 locations being in the second quartile and so forth.”
