Scottsdale, AZ – Mayweather Boxing + Fitness, a regional chain of fitness centers that drew inspiration from the training regimen of boxing legend Floyd Mayweather, has ceased operations in Scottsdale. The establishment, which opened its doors in June, has now put all its contents up for auction.
Situated near the intersection of Via De Ventura and Loop 101, the facility has made its boxing equipment, fitness supplies, furniture, and decor available for bidding to both its former patrons and the general public via an online auction.
Gabriel Prado, the founder and CEO of LocalAuctions.com, emphasized the significance of this opportunity, stating, “This is an amazing opportunity for the general public and other gym owners. Rarely does the public get a chance to bid on and purchase equipment from such a well-known fitness chain.”
The items available for auction include row machines, treadmills, dumbbells, punching bags, boxing gloves, smart TVs, and more.
The online auction is currently underway and will run until November 8th. Interested parties can also preview the items in person at the now-closed Scottsdale gym, located at 9220 E. Vía de Ventura, Suite 121, between 10 a.m. and noon on November 8th.
Mayweather Boxing + Fitness initially inaugurated its first and only location in the Valley in early June. However, it abruptly shut its doors in August, as noted in social media posts. The local Mayweather Boxing + Fitness Instagram account had initially suggested that the closure was temporary due to a change in ownership, but it now appears that the closure is permanent.
Founded in 2018, Mayweather Boxing + Fitness is a franchise concept that demands an initial investment ranging from $299,700 to $595,500, according to the company’s website. With more than 75 locations spread across the nation, the concept has gained considerable attention within the fitness industry.
The demand for boutique fitness studios, particularly those centered around group classes, remains high among consumers. Landlords favor such concepts as they often offer a consistent revenue stream, and fitness enthusiasts tend to spend more time in multi-tenant retail centers compared to other shoppers. However, this heightened demand has led to an influx of similar fitness concepts over the past five to seven years, intensifying the competition in the boutique fitness market.