Boxing gyms are where the hard work starts and ends before the world heavyweight championship.
A boxing gym is a great place to train future champions. There’s also never been a more opportune time to open your club. The US fitness industry is valued at $30.6 billion, and boxing clubs have a market share of $1.2 billion. There are many opportunities for small businesses.
To stand out, you must have a solid foundation. This guide will help you ask important questions before opening a boxing club and provide five steps that can be taken to make your dream a reality.
What does a boxing fitness business mean?
You can make your boxing gym as simple or complex as you like. You could set up a full-fledged boxing gym with classes, punching bags, and showers. You could also organize a group meetup at a park to practice basic techniques such as shadowboxing.
You don’t need to choose between the two. You can start small and gradually grow your boxing business. You could, for example, offer personal training or small group classes until you have enough customers to rent your own space.
Who is the best person to open a boxing business
The majority of business owners are naturally interested in their field. You could, of course, hire boxing coaches who are experienced to take care of the training aspect for you. Your business will be more rewarding if you have an interest in the sport.
Owning a gym is not just about being a fitness fanatic. Be prepared to put in long hours and learn about marketing, management, and investing money into your business.
What is the cost of opening a boxing club?
Costs vary depending on your goals. You can rent a big space and fill it up with boxing gear. But do you also want to hire staff to assist your customers? Prepare to spend a lot of money. The startup cost of a boxing instructor who teaches basic exercises like cardio, skipping, and shadowboxing could be zero.
You will need to spend between $10,000 and $50,000 on weights and equipment for a basic gym. That’s just the beginning. You’ll also need to pay for maintenance and repairs, rental, wages, licenses and permits, marketing, insurance, and other costs. When planning your boxing business, you need to consider these costs.
Should I join a boxing club?
You can also join an existing boxing franchise. This has both pros and cons. You’ll get help with marketing and branding. Franchises will already have agreements with equipment suppliers.
It’s not cheap or easy to become a franchisee. Franchises have a reputation to protect and must maintain high standards of quality. You can expect strict requirements on how much you should invest in your gym and how it is run.
What rules apply to opening a boxing club?
You may be held liable for injuries that occur on your premises. You will need to have the right certifications and a safe environment to teach boxing.
Depending on where you live, you will need to follow different laws. To ensure you are meeting all requirements, make sure to read up on the local rules and regulations.
How do you open a boxing club in Five easy steps?
It can be difficult and time-consuming to start a successful company. Here, we’ve done the work to make it easier. Let’s get started.
Plan your boxing business.
All your ideas for a boxing business should be boiled down into a solid plan. Investors in your boxing business want to see the business plan.
The 6 Steps for Opening a Gym and Studio
Include the following sections in your Business Plan:
Summary
Overview of the Company
Industry Analysis
Customer Analysis
Analysis of competitors
Marketing strategy
Next Step: Read more about creating a killer business strategy and setting up your gym for long-term success and profitability.
Find a location
Now it’s time to find a suitable location. Refer to your business plan for more information. Are you planning to offer outdoor boxing sessions? You will need to find a forest or park. Opening a boxing gym? You’ll also need a commercial property. You may have to make trade-offs between a location with high visibility and a low overhead.
The next step: Check out These factors to consider When looking for an area for your boxing clubs.
Get funding
If you want to start a boxing gym, you will need some money unless your business is bare bones, with no equipment, indoor space, or extra staff. Startup costs for a boxing club can be high, so you should explore every option, including taking out a loan, finding business partners, or partnering with corporate sponsors.
Next Step: Read about funding options and find the best solution for your boxing gym.
Hire staff and buy equipment.
When you have money in your bank account, you can buy the equipment you need and hire the staff or coaches you require. Research the best brands of equipment and employ a recruitment agency to help in selecting candidates.
Next Step: Equipment Purchase Options and Learn How to Hire Your Team.
Promote your boxing business.
It’s time to get started! The possibilities are as endless as funding. You can hand out flyers on the street with special offers or launch a large online marketing campaign. You might want to hire a marketing company.
Next Step: Read up on how to improve your boxing gym’s marketing, and then decide your plan of attack.
So, what’s next?
Fitness software is essential to start and grow your boxing gym.
Glofox is the answer to all your needs.
We help boxing clubs like yours to increase revenue, cultivate a vibrant member base, process payments, and deliver a brand experience that is consistent throughout the lifecycle of your members.
