ITEM 1 -
THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES
The Franchisor
The name of the franchisor is
LA Boxing Franchise Corporation. In this Franchise Disclosure Document, LA
Boxing Franchise Corporation is referred to as "we", "us",
"our", or "LA Boxing." In this Franchise Disclosure
Document, the Franchisee is referred to as "you", "your",
or the person or legal entity [includes a corporation, partnership, LLC or
other legal entity (collectively "legal entity") and their owners,
officers and directors] who is buying the LA Boxing franchise. We do business
under the name "LA Boxing." We do not do business under any other
name. We maintain our principal business address at 2915 Tech Center Drive, Santa Ana, CA 92705. We are a California corporation formed on February 27, 2004.
Our Experience
Some of the officers,
directors, and other executives of LA Boxing have continuously conducted a
business of the type that you will operate since December 1, 1992. We began
selling franchises in April 2004. We are not in any other line of business,
except for the ownership, operation and sale of the type of franchise offered
under this Franchise Disclosure Document.
Our Business
We were formed for the purpose
of offering and selling LA Boxing Franchises, and servicing, supporting and
administering all functions inherent in operating the System. We derive our
right to use and to license others to use the trademark "LA Boxing"
from a trademark assignment agreement with LA Boxing Aliso Viejo, Inc. dated
March 29, 2004 (see ITEM
13).
Our Other Business Activities
We do not have any other
business activities. Our
Predecessors
We have no
Predecessor. Our Affiliates
We have no affiliates that are selling franchises or
that will provide products or services to you.
All capitalized terms not
specifically defined in this Franchise Disclosure Document have the same meaning
as the terms defined in ARTICLE 19 (Definitions) of the LA Boxing Franchise
Agreement attached as Exhibit C to this Franchise Disclosure Document.
Our Agents for Service of Process
Our agents for service of process in all states are
listed on Exhibit A.
Description of the LA Boxing Franchise
The business you must conduct
as an LA Boxing Franchise is a membership physical fitness system consisting of
unique boxing and kickboxing training regimens, utilizing a system and products
that are proprietary to LA Boxing. We authorize you to offer memberships to
promote training and instruction programs that include cardio boxing, cardio
kick boxing, Jiu Jitsu, Muay Thai boxing, utilizing a weight room, and a
professional boxing ring and other equipment with unique construction and
design features.
The general market for the
products and services to be offered by you is adults and children of various
ages and fitness levels.
Industry Specific Regulations
You must comply with all local,
state and federal laws that apply to your ownership and operation of your LA
Boxing Franchise including health, sanitation, no smoking, EEOC,
discrimination, employment, and sexual harassment laws.
Competition
The fitness and exercise
business is very competitive. You will have to compete with other businesses
selling similar fitness and health services and products. Competitors include
other boxing training gyms, fitness centers, health clubs, health spas, and franchise
companies offering similar fitness services.
