LOADING

Type to search

Boxing Club Owner Pushed to Brink: ‘I Have Nothing Left to Lose’

AMERICA CCP Virus Minnesota US US Features US News

Boxing Club Owner Pushed to Brink: ‘I Have Nothing Left to Lose’

Share

MINNEAPOLIS—Mark Royce and his wife began 2020 with three boxing clubs and a yoga studio. All four businesses were flourishing and two of the boxing clubs were on the market as they sought to downsize. By the end of 2020, after months of severe shutdowns imposed by the governor, they had one barely-surviving boxing gym and the yoga studio was squeaking by. They’d been forced to offload the other two boxing gyms in July for peanuts just to get out of the leases, which demanded more than $10,000 a month at each location. Now, they’re entering 2021 unsure of how they’ll pay $3,500 for January’s rent on the boxing gym after squaring away the utility costs. “The problem we face here is we have a large loan, and the loan is tied to our house,” Royce told The Epoch Times on Dec. 30, 2020. Gyms and fitness centers have been …

Leave a Comment

Your email address will not be published. Required fields are marked *