RockBox Health is a boutique health franchise that blends boxing, kickboxing, and purposeful coaching in high-energy, group exercise courses.
It was based in 2017 in North Carolina by Steve Halloran and Roger Martin, and it started franchising in 2018. The corporate is headquartered in Huntersville, North Carolina.
The model stands out by providing a studio expertise enhanced with color-changing lighting and premium sound programs, creating an immersive exercise surroundings. In contrast to conventional gyms, RockBox emphasizes selection, neighborhood, and motivation in each session.
Preliminary Funding
How a lot does it value to start out a RockBox Health franchise? It prices on common between $388,000 – $623,000 to start out a RockBox Health franchised facility.
This consists of prices for build-out, health tools, know-how, and preliminary working bills. The precise quantity depends upon numerous components, together with the dimensions of the studio, its location, and whether or not the franchisee chooses to lease or buy the power.
| Kind of Expenditure | Quantity |
|---|---|
| Preliminary Franchise Price | $59,900 |
| Hire and Safety Deposit | $5,250 – $10,000 |
| Utilities | $500 – $1,000 |
| Leasehold Enhancements | $136,568 – $314,500 |
| Preliminary Promoting Spend | $22,000 – $29,000 |
| Stock, Furnishings, Fixtures, Gear | $99,000 – $109,000 |
| Building and Upfit Mission Administration | $19,000 |
| Pc Techniques | $1,000 – $2,000 |
| Insurance coverage | $300 – $1,000 |
| Signage | $10,726 – $20,000 |
| Workplace Bills | $200 – $300 |
| Licenses and Permits | $500 – $1,200 |
| Skilled Charges | $1,500 – $3,000 |
| Journey, Lodging, and Meals for Coaching | $1,000 – $3,000 |
| Transport | $6,000 – $10,000 |
| Further Funds (First 3 Months) | $25,000 – $40,000 |
| Complete | $388,444 – $622,900 |
Common Income (AUV)
How a lot income are you able to make with a RockBox Health franchise? A RockBox Health franchised facility makes on common $326,000 in income (AUV) per 12 months.
Right here is the extract from the Franchise Disclosure Doc:
This compares to $326,000 yearly income for related kickboxing franchises. Under are a number of RockBox Health rivals as a comparability:
RockBox Health Franchise Disclosure Doc
Regularly Requested Questions
What number of RockBox Health places are there?
As of the newest information, RockBox Health operates over 52 places throughout 21 states within the U.S.
What’s the whole funding required to open a RockBox Health franchise?
The entire funding required to open a RockBox Health franchise ranges from $388,000 to $623,000.
What are the continuing charges for a RockBox Health franchise?
RockBox Health franchisees are required to pay a royalty payment equal to the larger of 7% of their month-to-month product sales or a minimal of $1,500 per 30 days.
This payment helps the continuing use of the RockBox model and entry to operational help and programs. As well as, franchisees should contribute to nationwide advertising efforts by way of a model fund payment, which is the larger of 1% of product sales or $300 per month.
They’re additionally required to spend a minimal of $1,500 every month on native promoting to advertise their particular location inside their neighborhood.
What are the monetary necessities to change into a RockBox Health franchisee?
To qualify as a RockBox Health franchisee, candidates should have a minimal web value of $500,000. Moreover, they’re required to have not less than $100,000 in liquid capital. These monetary necessities assist be sure that franchisees have enough assets to cowl startup prices and maintain operations throughout the early phases of the enterprise.
How a lot can a RockBox Health franchise proprietor anticipate to earn?
The common product sales for a RockBox Health franchise are roughly $0.33 million per location. Assuming a 15% working revenue margin, $0.33 million yearly income can lead to $50,000 Ebitda yearly.
Who owns RockBox Health?
RockBox Health franchise is owned by SLLR Enterprises LLC, with the Dudan Group holding a majority funding in RockBox Health Franchising since October 2019.
Disclaimer
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