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Torrance Ca Mayweather Boxing & Fitness Gym
Location: United States -> California -> Torrance
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

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.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $516,000
Cash Flow:   $1,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $189,000
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Cash flow issue absentee owner

Photos

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Torrance Ca Mayweather Boxing & Fitness Gym Photo 1




Print Listing Id: 700377188
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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