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Thursday, Jan 26, 2023
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BXNG Club Leasing More Locations, Seeking Investors

The BXNG Club, a combat sports and fitness club headquartered in East Village, is taking up more real estate with a plan to open its first Los Angeles club in the second quarter of 2023.

In June, the company opened a club in a 17,000 square-foot Solana Beach building that had been used by another fitness group and is opening a 16,000 square-foot club in Rancho Bernardo in March 2023.

Artem Sharoshkin
CEO/Owner
The BXNG Club

Negotiations are ongoing to lease space for two more San Diego locations – one in central county and one on the coast, said Artem Sharoshkin, the CEO of the BXNG Club who was added to the San Diego 500 listing by the San Diego Business Journal as one of the 500 most influential people in San Diego.

“Ultimately, our goal for San Diego is to open three more locations,” Sharoshkin said.

Reaching Out

The plan is to open an initial club in Los Angeles in a 15,000 square-foot storefront in the city’s Art District in the second quarter of 2023, Sharoshkin said.

They would be followed with two or three more in Los Angeles along with clubs in Orange County and the Las Vegas suburb of Henderson, Sharoshkin said.

“This industry is absolutely booming right now, the fitness industry,” Sharoshkin said. “Brick and mortar is taking off again, specifically in the fitness industry.”

As the BXNG Club expands to new locations, Sharoshkin is hoping to raise $1 million through an appeal to club members and others to finance its growth.

“For a company like ours, which is very much a small business, and we still consider ourselves a startup, this is a very unique way of generating funds as opposed to traditional banking, which is not always available to businesses our size,” Sharoshkin said. “We figured why not reach out to our already existing membership base.”

He said that the company has about 4,000 members.

“The response has been absolutely tremendous to where our team is sorting through all of the applicants,” Sharoshkin said. “We are confident that we are going to be able to close this round within weeks.”

Projected revenue for 2022 is expected to be about $7 million, Sharoshkin said.

The Los Angeles club “is going to be very much a similar offering to our other facilities,” Sharoshkin said, with the addition of what he said was functional training, which uses weighted sleds that people push and pull, an artificial turf area, and Olympic-style weight lifting.

“In the fitness industry, that is very much a growing trend,” said Sharoshkin, who was a welterweight champion in Muay Thai – a form of kick boxing – until he stopped fighting professionally in 2013.

“Combat sports is always going to be our core, but we are always looking at the latest fitness trends,” Sharoshkin said.

THE BXNG CLUB

Founded:1999
CEO/Owner: Artem Sharoshkin
Headquarters: East Village
Business: Fitness clubs
Employees: 97
Website: www.thebxngclub.com
Notable: The BXNG Club offers instruction in boxing, kickboxing, Muay Thai, Jiu-Jitsu along with strength training, yoga, and cycling.
Contact: 858-366-7885

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