The game of champions, boxing dates back to ancient Egypt. Through the centuries, it has maintained its popularity and has succeeded in winning loyal followers everywhere. The fame of this game continues in the present generation, and it has now has become a billion-dollar sport. The trend of fitness training in the US has also picked up on this sport, and boxing studios are now fully incorporated into the fitness industry. Boxing studios whip up an annual profit of over 1.2 billion dollars. This makes it a prime investment opportunity, which could yield a lot of profit.
Boxing is a very popular sport amongst the youth worldwide and is part of a very lucrative industry. As it is a sport and not just another form of exercise, a great majority of people who indulge in it are looking to maintain a regular schedule rather than being just seasonal players. Many of these are aspiring future boxers who are willing to put in the required hours and resources it takes throughout the long years of training. This translates into the fact that boxing studios can easily rely on long term members, thus keeping a steady cash flow. On the other end of the spectrum are members who want to partake in this sport as an actual form of exercise, albeit a demanding one which will help them to stay fit. Therefore a boxing studio caters to both the sports buffs and the fitness fanatics. The third category, which is attracted to the boxing studio, is those interested in learning self defense. These can provide a good source of revenue for your studio year-round. All three combined, there’s a huge market for boxing studios, and that of course means that they’re a very promising investment!
Though there are many small scale boxing studios dotted around the country, is this the path you’re looking to follow? You could opt to start small with only a few shadowboxing classes, but if you want to be a really big player, you need to look for something which will provide you a well-equipped facility. As far as equipment costs go, boxing studios are not as expensive to set up as most large scale gyms. You can start with even a basic space and very few equipments but investing in an already established studio will be well worth your while.
The best option therefore is to invest in a franchise. A franchise will help you get a strong start and will help you keep up the standards required for a flourishing business. The headache of advertising to get even your first few customers for a non franchised boxing studio is very great, and you have to wait a lot longer to get established as a known brand in your area. The cost of the franchise is worth the benefits you will reap.