A once-thriving gym chain, which boasted high-profile investors and a clientele of sports stars, has sensationally collapsed, leaving prime commercial real estate in Sydney’s coveted Potts Point and inner-city Newtown, along with Brisbane’s bustling Fortitude Valley, in an uncertain future.
Hustle Boxing, co-founded by Tim McGann and Simon Maree, entered voluntary administration on Monday, according to the Daily Mail, just six years after its initial launch in Sydney.
The chain, which promised “the most unintimidating boxing class in Australia,” expanded into Brisbane in 2022, though that Queensland outpost entered liquidation two years later, foreshadowing the broader financial woes.
The collapse is a significant blow, not just to the fitness industry, but also to the high-value commercial leases held by the business.
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Hustle Boxing has entered voluntary administration.
Publican Arthur Laundy along with Mark Bouris were key investors. Picture: David Swift.
The Potts Point gym, situated in one of Sydney’s most affluent suburbs, is currently listed as temporarily…