5 Tips for First Time Franchise Owners

Becoming a first-time franchise owner is in an incredibly exciting time. It also can be very daunting — but that’s part of what makes this period so exciting. By being prepared and confident, an entrepreneur new to the world of franchising can take their latest venture by the horns and greatly improving their chance of success. 

Here are 5 tips to help first time franchise owners succeed.

1: Make Sure You Have the Qualities of a Franchise Owner. Give yourself a gut check, because any new business venture is not for the faint of heart. If it’s not for you, figure that out, and stop here. Some of the best qualities a successful franchise owner possesses include coachability, people skills, work ethic, ability to follow the rules of an established system, being motivated by results, thinking about the big picture and being cool and collected. While most of these traits are inborn and others you may be able to develop, all will be needed to be a successful franchisee. 

2: Define Your Business Plan. The foundation of a successful franchise is in its business plan. Getting it right requires a lot of homework. If you try to do this independently, it could be the most daunting task of all. The good news is that, as a franchise owner, the franchisor can help immensely with the business plan. Great franchises like Mayweather Boxing + Fitness have already worked out the details and determined best practices and planning from years of honing success.

3: Call Upon Your Franchisor for Help. If you wanted to go through challenges alone, you’d have opened an independent business. But instead, you chose to become a first-time franchise owner. With this decision, you’ve invested to buy a successful concept, so take full advantage of it as you get going. Ask your franchisor for guidance, feedback, and resources. They want to help you succeed.  

4: Follow the Lead of Innovators. The best aspect of owning a franchise is being able to harness innovation. A franchisor that has put in the work over time and stays creative knows how to excite its customers. This mindset benefits first-time franchise owners exponentially since the franchisee can focus on growing the business while the franchisor handles the innovation. 

5: Choose the Best Franchise Brand for You. Ultimately, a first-time franchise owner’s profit potential is only as good as the brand and system he or she buys into. Do your homework. Figure out how much you’re willing and able to invest and pick the best franchise from there. Research the brands. Ask questions. Talk to current franchise owners of your short list of companies. Is the brand growing? Is the brand adapting to market conditions? The stronger the franchise you own, the better your odds.

Mayweather Boxing + Fitness has been at the forefront of innovation, franchise support and business success. If you are interested in knowing more about how they can help you be a successful first-time franchise owner, fill out this franchise information form and they will get in touch with you.

5 Reasons Mayweather Boxing + Fitness Is An Enticing Franchise Opportunity

There are dozens of reasons Mayweather Boxing + Fitness is an attractive franchise opportunity. Rather than building a new business from the ground up, Mayweather Boxing + Fitness offers new owners the chance to own a turnkey business, for an affordable price. Here are 5 of the main benefits new franchisees see when investing in a Mayweather Boxing + Fitness franchise location:

  • Mayweather Name Recognition: Consumers are already familiar with the Mayweather name, recognize his face, his impact on the fitness world, and know what kind of services the brand offers. The work of building a name with the public has already been done.
  • Proven business model: Mayweather Boxing + Fitness has tried and tested their business model, working out the kinks while striving to develop and grow. You’ll be handed all the operational tools you need to open your fitness franchise business, improving your chances of success.
  • Training and ongoing support: Mayweather Boxing + Fitness offers extensive training to prepare you to own and operate your new business. Ongoing support is also available once your doors open, so you’ll be on top of new developments.
  • Marketing: Mayweather Boxing + Fitness has an incredible marketing support system in place. This is not only for your benefit but for the benefit of other franchisees and the brand. A cohesive advertising strategy makes for clear messaging to the public.
  • Potential for multi-unit franchise ownership: We offer favorable terms to those franchisees interested in owning more than one unit. For investors, multi-unit ownership is a chance to grow your business empire within a system you already know.

Interested in starting your own Mayweather Boxing + Fitness Franchise location? Fill out our quick and easy inquiry form, and a member of our team will be in touch with you shortly. We’re excited to learn more about you, your goals, and help you own a business with life-changing potential.

3 Reasons Why You Should Get Involved With A Fitness Franchise

Fitness Franchises are perfect for those who love to work out and are passionate about sharing their knowledge for health and wellbeing with others. If that sounds like you – owning a fitness franchise may be your next career move. Are you enthusiastic about the industry, a savvy entrepreneur or someone looking for a fresh start and a life change? Whatever your motivation may be, here are 3 concrete reasons to consider Mayweather Boxing + Fitness a premier fitness franchise opportunity.

1: Build your wealth through owning a fitness franchise-based business. While there are jobs with high-paying salaries out there, most wealthy people built their fortunes by owning their own businesses. Stop working to build someone else’s dream and start working on accumulating your own wealth, financial stability, and a business you can pass to your heirs or sell in the future. These are some of the biggest reasons current Mayweather Boxing + Fitness franchise owners have chosen it as a focal point in their wealth portfolio.

2: Memberships create recurring revenue. The bread and butter of any fitness studio franchise is membership sales. Most memberships are paid monthly, generating an income stream that is reliable, stable, and predictable. Memberships can be a convenience and a motivator for gym goers but for fitness club franchise owners, they’re key to owning a successful business. The Mayweather Boxing + Fitness Franchise Model maximizes a variety of membership options which make it a perfect fit for most gym goers.

3: Customer retention is another key pillar of a successful fitness franchise-based business. According to a recent LinkedIn poll done by franchising.com, fitness franchises have the highest average customer retention rates in the franchising industry; gym members maintain their memberships for between six months and four years. Mayweather Boxing + Fitness excels at preserving relationships with current customers. This is more cost effective than always having to win new customers, making it one of the most profitable fitness center franchises and a good investment opportunity.

For more information on how you can start your Mayweather Boxing + Fitness franchise contact us today!

Boutique Studio Brands Make Strong Showing on Entrepreneur’s New, Emerging Franchise Brands List

The fitness industry took 13 of the 150 spots on Entrepreneur magazine’s Top New and Emerging Franchise Brands List for 2023, according to the list released in early May.

Mayweather Boxing + Fitness was the highest ranking of the studio brands, coming in at No. 21. KickHouse, which was purchased in October by MW Fitness Holdings LLC, the parent company of Mayweather Boxing + Fitness, also made the list, coming in at No. 101.

Four of the 13 brands on the list are owned by Xponential Fitness, which owns 10 studio brands in total.The four Xponential Fitness brands on the list were AKT, Rumble, Stride and YogaSix.

“What you’re seeing represents a wave of new energy in the franchise space, as founders realize that franchising can help their brands grow quickly and efficiently,” Entrepreneur Special Project Editor Tracy Stapp Herold wrote.

To be considered for the list, a company could only have been franchising for five years or less. Of the 1,000 brands that applied to be part of Entrepreneur’s Franchise 500 list last year, 360 of them had been franchising for five years or less.

Rankings are based on information submitted to Entrepreneur for performance July 2021 to July 2022 for its annual Franchise 500 and are part of the brand’s continuing effort to best understand and evaluate the ever-changing franchise marketplace. To qualify for inclusion on the 2023 lists, the companies featured were assessed across multiple data points including unit growth, start-up costs and fees, training and support, financial stability, and brand strength.

The club and studio brands that made the list are:

No. 21: Mayweather Boxing + Fitness

No. 24: YogaSix

No. 47: AKT

No. 52: Rumble Boxing

No. 56: Body20

No. 69: StretchMed

No. 72: Stride Fitness

No. 79: Basecamp Fitness

No. 81: P-Fit the Platinum Standard of Fitness

No. 101: KickHouse

No. 109: Sweat440

No. 116: Discover Strength

No. 125: ISI Elite Training

New Fitness Franchises: Mayweather Boxing + Fitness

What is a Fitness Franchise?

Never before have Americans been so invested in their health and wellness, making now an incredible time to invest in a fitness franchise. Indeed, new fitness franchises can take many shapes and forms, allowing the customer to choose the style of workout that fits best with their lifestyle. No longer do traditional large format gyms dominate the market. Over the years, fitness boutiques, which are smaller group fitness concepts that specialize in a particular workout, have completely disrupted the industry, biting into the overall market. Though the number of fitness locations (36,000) and members (57 million) has tripled over the past few decades, an estimated 35% of customers have shifted away from incumbent brands.

“Fitness Boutiques re-defined the industry, driving much of the membership growth over the past decade,” according to a report in Toptal. “They adapted to the unique preferences of Millennials and younger generations who sought more specialized experiences, a sense of community, and flexible participation (read: no pushy sales, or year-long unbreakable contracts). Highlighting their rapid expansion, the definitive trade organization IHRSA notes that boutique memberships expanded 74% from 2012 to 2015, compared to 5% for health clubs. Admittedly, boutiques started from a smaller base, but their share of total revenue—some 35%—proves their presence is significant.”

To be sure, fitness boutiques are no passing fad, and now rival the largest chain fitness locations in the U.S. Fitness boutiques are a great investment now and for the future because they offer what no gym can – a highly specialized experience that features convenience, flexibility, and a sense of community. What’s more, these gyms are highly popular with younger generations, which is a growing segment in the market.

man boxing with gold gloves new fitness franchises

The Demand for Boutique Fitness

According to Run Repeat, the boutique fitness industry is one of the fastest growing sectors of the fitness industry, expected to be worth $22.1 billion by 2022, up 4.63% from their pre-pandemic levels of $21.1 billion in 2019. By 2025, the boutique fitness industry is expected to hit $26.2 billion, up 16.97% from 2022. Many estimates show boutique fitness accounts for nearly 50% of the overall market share in the fitness industry!

So what’s behind all this demand? Simply put: boutique fitness offers a more engaging, fun, and immersive workout than traditional gyms. Studios specialize in a certain type of exercise, or blend a few different styles in a unique way. You’re surrounded by like-minded people interested in the same workouts as you. Everyone knows their instructor, who will guide you step-by-step throughout the class, and there’s a sense of community you don’t find at traditional health clubs.

“Boutique fitness isn’t running on a treadmill for 30 minutes after work, or awkwardly lingering around the weight rack waiting for someone to finish so you can nab their weights,” according to a report in GloFox. “Instead, boutique fitness is an experience; training in a small group setting with everyone in the community feeling accomplished after. Unlike the traditional gym model, members are a part of something that’s about more than exercise alone.”

Mayweather Boxing + Fitness is a Winning Deal

Enter into the ring Mayweather Boxing + Fitness, a boutique fitness experience like no other. Founded in 2018 by legendary boxer Floyd Mayweather and businessmen James Williams and Burrel Wilks, Mayweather Boxing + Fitness is now one of the fastest growing new fitness franchises in the boutique fitness category. At Mayweather Boxing + Fitness, you’ll be working out with a routine created by the undefeated champ himself, modified for the everyday gym-goer. Our workout curriculum is designed to deliver results, with members able to burn up to 1,000 calories per class. And every class is different, whether you want to burn calories, build muscle, increase balance, or just let off some steam.

“Boxing is an extremely empowering activity,” says Chan Gannaway, Director of Instructor Education and Content Creation. “It’s a great way to burn calories, get fit, and release a lot of stress. Our members feel really empowered when they leave class. The results that we’ve seen from our members are truly incredible. They’ve lost tons of weight, they’ve gained confidence, and in some cases, they were able to go off medication that they were on for years. It’s truly life changing for our members.”

For aspiring entrepreneurs, Mayweather Boxing + Fitness is a simple-to-operate, scalable business model with huge profit potential. Plus, our brand already has a leg up with the backing of one of the greatest boxers of all time. Mayweather Boxing + Fitness has the programming, exceptional experience, and world class training and support to back it up.

Going for Gold Franchise Support

All along the way, we make sure franchise owners have every tool in the toolbox for growth. From day one, our corporate team will help with site selection and build out, making sure you have an optimal location and move through the leasing/build out/construction process as smoothly as possible. Each franchise owner spends several days of in-person training, where you’ll learn all the ins and outs of the business, including attracting and retaining members, marketing strategies, and setting financial goals. Our team also makes sure franchise owners are up-to-date with the latest technology, including our mobile app and in-studio tech platforms. And, rest assured, our ongoing support is at your fingertips for any question for the life of the franchise.

“We’re going to be in your corner,” says Bryan Diaz, COO. “As a franchisee, you are there to support your members and your team. And we’re in the background supporting you to be as effective as possible in your business. We will provide you with the strategic sales and operations support that allows you to flourish and grow your business to where you want it to be.”

Learn More about New Fitness Franchises!

Mayweather Boxing + Fitness has prime territories available across the U.S., but not for long. With the rise in popularity of boutique fitness, Mayweather Boxing + Fitness is a brand in the right place at the right time. With the name recognition of the champion himself, Mayweather Boxing + Fitness is ready to make a splash in the boutique fitness industry. To learn more, visit our research pages here or request more information here.

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