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Mayweather Boxing + Fitness Franchise ProfileFitness Franchises > Specialty Fitness Classes |
What Are the Initial Investment Requirements for a Mayweather Boxing + Fitness Franchise?
To open a Mayweather Boxing + Fitness franchise, you will need to prepare for an initial investment ranging from $347,000 to $925,300. This includes a franchise fee of $49,500. Additionally, you should have a net worth between $350,000 and $700,000, as well as cash reserves of $347,000 to $659,800 to cover startup costs and operational expenses. Understanding these financial commitments is crucial for aspiring franchisees to ensure they are adequately prepared for this investment.
What Are the Ongoing Fees Associated with a Mayweather Boxing + Fitness Franchise?
As a franchisee, you will be subject to ongoing fees that include a royalty fee of 7% of your gross revenue and a marketing fee of 1%. These fees contribute to the support and resources provided by the franchisor, including brand marketing and operational assistance. It's essential to factor these ongoing costs into your financial projections to maintain profitability and ensure sustainable growth for your franchise location.
What Is the Revenue Potential for a Mayweather Boxing + Fitness Franchise?
The revenue potential for a Mayweather Boxing + Fitness franchise can be significant, with average annual revenues reported at $2,661,774. The median annual revenue per unit is $397,318, while the lowest and highest annual revenues range from $120,000 to $1,500,000, respectively. Understanding these figures can help franchisees set realistic financial goals and assess the viability of their investment.
What Is the Expected Breakeven and Payback Period for a Mayweather Boxing + Fitness Franchise?
Franchisees can expect to reach breakeven within approximately 12 months of operation, with an investment payback period of around 14 months. These timelines are essential for potential investors to consider, as they indicate how quickly they can expect to recover their initial investment and start generating profit. Having a clear understanding of these metrics can help franchisees make informed decisions about their business strategy and financial planning.
Mayweather Boxing + Fitness Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Mayweather Boxing + Fitness Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 23 | 50 | 69 |
| Net Change YoY | 27 | 19 | |
| Franchised Units | 20 | 50 | 68 |
| Net Change YoY | 30 | 18 | |
| Corporate Units | 3 | 0 | 1 |
| Net Change YoY | -3 | 1 |
Investment Overview
The Mayweather Boxing + Fitness franchise offers a range of initial investment requirements, with costs ranging from $347,000 to $925,300. The initial franchise fee is set at $49,500, accompanied by a royalty fee of 7% and a marketing fee of 1%. Prospective franchisees should have a cash requirement between $347,000 and $659,800, and a net worth of $350,000 to $700,000 to qualify for ownership.
Revenue Potential
Franchisees can expect varying levels of revenue, with average annual revenue per unit reported at $397,318. The revenue range is significant, with the lowest annual revenue recorded at $120,000 and the highest at $1,500,000. This potential for diverse earnings underscores the franchise's appeal to investors.
Breakeven and Payback
The Mayweather Boxing + Fitness franchise has a breakeven period of approximately 12 months, indicating a relatively quick return on investment. Franchisees can anticipate a payback period of around 14 months, allowing for strategic financial planning and confidence in the business model.
Growth Trajectory
The franchise has shown robust growth, with 20 franchised units in 2021, expanding to 50 in 2022, and reaching 68 in 2023. This upward trend reflects the increasing popularity of the brand and its fitness offerings, making it an attractive opportunity for new franchisees.
Operating Expenses
Average annual operating expenses are estimated at $198,850, which includes costs for utilities, signage, startup inventory, and marketing. Understanding these expenses is crucial for franchisees to maintain profitability and ensure effective budget management.
Corporate Structure
Mayweather Boxing + Fitness operates under a corporate structure that emphasizes franchise growth alongside corporate-owned units. In 2023, there is one corporate unit, while the majority are franchised, indicating a strong focus on expanding its franchise network and supporting franchisees in their operations.
Frequently Asked Questions
The initial investment for a Mayweather Boxing + Fitness franchise ranges from $347,000 to $925,300, which includes the initial franchise fee of $49,500.