iLoveKickboxing – Top 10 Grossing Franchise
iLoveKickboxing franchise for sale in Crystal Lake, Illinois
List Price: $349,000 USD
Key Facts
Annual Gross Revenue
$525,000 USD
Cash Flow
$50,000 – $100,000
Seasonal Business
No
Value of Inventory
Less than $25,000
Value of Assets
Less than $25,000
Year Established
2018
Business Operates From
A retail location
Location Is
Leased
Approx. Monthly Rent
$6,000
Total Employees
Less than 10
1–3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
SomeSeller financing Available
PassiveOwner
Involvement
About this Business
BOREDOM is the #1 reason people stop working out! iLoveKickboxing fights that boredom with a pair of gloves and a kickboxing bag.
iLoveKickboxing Crystal Lake, is a boredom buster with an outstanding 4.8 Star reputation on Google – it’s a growing business built on Community & Sweat! This location was established in 2018. It survived Covid-19 with a growing member base.
The buyer will walk in with a great team of instructors, tight knit online community, an awesome reputation, 24 kickboxing bags, and some Seller Financing if needed.
The studio has on average 250+ members in 2021 and 2022 and the business has generated $575,000 in 2021, with 2022 close to it. This studio has also been recognized as one of the top 10 studios in the country several times in the past 2 years after covid, as well as one of the highest grossing member spend locations in the US.
The current owners are not involved in the day to day operations and run the business mainly remote on a limited hour per week basis. They put in roughly 5-6 hours a week and last year turned nearly a 20% margin on $575k in revenue! The owners are looking to move out of the state and start something new in their new home town, but this is hard to walk away from.
Growth opportunities
There are always areas for growth and improvement. As HQ continues to come up with new revenue streams for each location, we work to ensure they are implemented and successful.
Owner's Day-to-Day Involvement
The owners are a husband and wife who are absentee owners. Their responsibilities include working with the studio manager to ensure the business is running smoothly, sales are on track with goals, accounting and finance, HR, and Payroll. They typically are out at the studio once ever 1 - 2 weeks for a few hours to check up with the staff and offer up any insight on the upcoming months.
Franchise Accolades & Awards
This studio has also been recognized as one of the top 10 iLKB studios in the country several times in the past 2 years after covid, as well as one of the highest grossing member spend locations in the US.
Asset Description
This fitness studio is really simple when it comes to "gyms". There are 24 bags on a 1,500 sqarefoot mat. There is also a pro shop that will usually include 5k - 10k in merchandise at any given time. All computers, kick butt stereo system, and furniture come with the sale.
Inventory Description
The inventory included is all of the cleaning supplies, pro shop merchandise, & gloves.
Reason for Selling
The owners are moving out of state and looking to start up their next business down south.
Why I Love My Franchise
ILKB has been a wonderful experience for us. The amount of lives we have changed and the stories we have heard from our members is what really makes this place special. The franchisor has been awesome in providing everything we need to succeed and their team is always willing to help. This franchise has allowed us to enjoy passive income as well as build an amazing community in Crystal Lake, IL.
About iLoveKickboxing
ILoveKickboxing is a dynamic boutique fitness brand that intertwines fitness, community, and empowerment. They address the common issue of workout boredom by providing dynamic kickboxing classes that combine fitness, community, and empowerment. With its #1 ranking as a Groupon fitness deal worldwide, the franchise leverages professional fighter training regimens accessible to all skill levels, offering high-intensity interval workouts that are both fat-burning and muscle-toning. At its core, ILoveKickboxing fosters a supportive atmosphere where members motivate each other, enhancing the fitness experience with a sense of camaraderie. The franchise’s technology suite helps members track their progress, ensuring they remain engaged and motivated. This holistic approach to fitness not only improves physical health but also builds confidence and empowerment among its community.
Franchisee Support
ILoveKickboxing provides comprehensive franchisee support beginning with an initial training program consisting of 5.5 hours in the classroom and 14 hours on the job. Ongoing support includes newsletters, purchasing co-ops, ad templates, regional advertising, marketing planning, SEO, and email marketing. This extensive support system helps franchisees effectively manage their studios and drive member engagement and retention.
Brand Accolades & Awards
ILoveKickboxing has been recognized as the #1 Groupon fitness deal worldwide and has appeared multiple times on the Entrepreneur Magazine Franchise 500 list since its franchising began in 2012.
Industry / Market
iLoveKickboxing operates in the growing martial arts training market, which is projected to reach $4.3 billion by 2026, growing at a CAGR of 5.5%. iLoveKickboxing's focus on providing high-energy, effective kickboxing workouts in a supportive group setting appeals to individuals seeking a fun and challenging way to improve their fitness and self-defense skills.
Ideal Owner
The ideal ILoveKickboxing franchisee is a fitness enthusiast with a passion for martial arts and community engagement. They should be energetic, motivational, and capable of creating a welcoming and supportive environment for members. Strong leadership and customer-oriented skills are essential, ideally with a background in fitness or health-related fields to effectively foster community and drive business success.