So, you’ve decided to open up your own boxing club, or even better, become a Spartan Boxing Club Franchisee. Congratulations, you’ve made the first step towards spreading the joy of boxing throughout your community!
However, as mentioned, deciding to open a boxing club is just the first step of many… In other words, while it’s great to have the passion and drive to pursue such a business, it doesn’t guarantee success.
In fact, there are several things to consider in order to ensure that your boxing club has the greatest chance of success and longevity. To help you along, we’ve compiled a list of boxing club do’s and don’ts so that you can ensure that you not only avoid the most common mistakes but you make the right decisions in the process.
So, if you’re an existing boxing gym owner or if you’re an aspiring franchisee, this article is for you! The following are the dos and don’ts of running a successful boxing club…
Boxing Club Do’s
While it’s important to avoid the most common mistakes that many gym owners make when first getting into business, it’s just as important to execute effectively what needs to be properly executed…
Create a Business Plan for a successful boxing club
When boxing club owners first think of getting into the business, it’s easy to get consumed with all of the fun things that come with owning a fitness facility. While these things are also important, they mean nothing if you don’t first take the time to properly set up your gym for success.
In other words, what location are you planning to open up in? what are the overhead costs, expenses, and expected monthly revenues? How many coaches do you need to hire and at what rate? What are the membership costs going to be?
Once you’ve identified an effective opening strategy that comprises a detailed business model focused on retention, longevity, and profitability, then you can spend your time on the fun stuff.
Invest in Quality Equipment in your boxing club
Once you’ve devised a strategy that will set your business up for success, it’s now time to think about the facility itself.
In other words, what equipment is needed? How much equipment is needed? Where can the equipment be placed in order to optimize the space? These questions and more need to be considered when creating an atmosphere that members desire…
Curate an Atmosphere That Member Want to be A Part Of
Not only to attract new members but to retain existing ones, it’s imperative to create an atmosphere that’s both motivating, inspiring, and welcoming. After all, while members come for the workout, they stay for the atmosphere and community built around it.
Clubs that fail to prioritize the atmosphere of the facility tend to fail in the long term. Contrastingly, those that do it right tend to build a lasting community that long outlives its original owners…
Boxing Club Don’ts
Setting up your business for success is one thing, but avoiding the most common mistakes is an entirely different task worth investigating further. Unfortunately, too often, boxing club owners continue to make the same mistakes over and over again.
Don’t let this be you. Below are some of the biggest boxing club DON’TS…
Failing to Follow a Budget
As mentioned in the boxing club DOs, it’s imperative to first set your business up for success via a detailed business plan before jumping right into business. In other words, once you purchase the location, the property, and the equipment, you’re stuck with it for the life of the contract.
Instead, be calculated in where you choose to locate, what you choose to purchase, and when you choose to sign the dotted line… Better yet, create a budget and stick to it! Failing to do so is a fast track to failure, or worse, not even reaching opening day!
Hiring the Cheapest Labor
Boxing clubs that seek out the most affordable staffing and coaches tend to fail the fastest. Why? Because the cheapest labor is often correlated with the lowest quality of service and expertise…
If you’re trying to pinch pennies, your members will notice it immediately, opting to seek out a higher quality club to sign up for instead. So, invest in the people and seek to save elsewhere; it will pay off in the long run and your members will stick around!
Failing to Create a Community
As mentioned earlier, while most members come for the workout, they stay for the atmosphere and corresponding community; especially when it comes to boxing clubs, the community aspect is massively important.
In order to build a community, you need to first create an atmosphere that people want to be a part of. You then need to hire the right people to run the business and coach the members. Finally, you need to maintain, build, and nurture relationships for the lifetime of the club’s existence.
If you do that, you’ll inevitably reap the rewards…
Want to Become a Spartans Boxing Club Franchisee?
Is boxing your passion? Are you looking for ways to make a lasting impact on individuals’ lives and on the sport as a whole? Do you have a savvy business sense? Owning a Spartans Boxing Franchise might be for you!
With a proven business model that has returned incredible profits year-over-year for our franchisees, and offering all that you need to succeed in the operation of your franchise, there’s no better opportunity than the one here at Spartans Boxing Clubs.
If you’re interested in becoming a Spartans franchise owner or you simply want to learn more about the business and its offerings, be sure to contact us at franchise@spartansboxing.com. We look forward to hearing from you!