- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$220K - $573K
- Units as of 2023
-
19 72.7% over 3 years
Legends Boxing was founded by brothers Andrew and Rob Scott. The two had a passion for boxing from an early age. In 2013, they founded Legends Boxing to provide a safe, inclusive gym. A Legends Boxing franchise is expected to provide a place to learn and grow as a community in a fun and challenging environment that is an alternative to a traditional gym.
With a thriving business, Legends Boxing ultimately decided to begin franchising in 2017. There are several Legends Boxing locations across the United States.
Legends Boxing prides itself on teaching real boxing techniques in step-by-step classes. They have a passion for fitness and boxing.
Why You May Want to Start a Legends Boxing Franchise
An ideal franchisee should fit the Legends Boxing core values: "REAL USA Boxing technique. BELONG to a family. Achieve the RESULTS you want." Their business model could be straightforward to follow. It is in place to help each franchise location focus on growth. Legends Boxing may provide new franchisees with a great deal of support. This may include ongoing training and support, a real estate team, and more.
Another key feature Legends Boxing offers new franchisees is a membership marketing plan. This multi-round process could help franchisees form and maintain a solid customer base. Legends Boxing can also support new franchisees in hiring and training coaches for their gym.
Franchisees should have exceptional customer service skills and be willing to lead a winning team.
What Might Make a Legends Boxing Franchise a Good Choice?
The support offered by Legends Boxing may set them apart from their peers. They may provide step-by-step support through location scouting, real estate, and grand opening, then continue to offer support going forward. Other perks could include a growing industry, marketability, and core values. According to their website, "at Legends, we offer a safe place, free from judgment and intimidation."
As you decide if opening a Legends Boxing franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Legends Boxing franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
How To Open a Legends Boxing Franchise
To be part of the Legends Boxing team, you should make sure you're financially fit for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Legends Boxing franchising team questions.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Legends Boxing franchise.
Company Overview
About Legends Boxing
| Industry | Health & Wellness |
|---|---|
| Related Categories | Boxing/Kickboxing Fitness, Fitness , Sports |
| Founded | 2013 |
| Parent Company | Giant Brands LLC |
| Leadership | Rob Scott, CEO |
| Corporate Address |
80 N. 850 East Lehi, UT 84043 |
| Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2017 (7 years) |
|---|---|
| # of employees at HQ | 10 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 19 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Legends Boxing franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$51,900 |
|---|---|
|
Initial Investment
|
$220,306 - $573,439 |
|
Net Worth Requirement
|
$300,000 |
|
Cash Requirement
|
$100,000 |
|
Veteran Incentives
|
10% off first-unit franchise fee |
|
Royalty Fee
|
7% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Legends Boxing has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 96 hours |
|---|---|
| Classroom Training | 20 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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