Undefeated boxing champ Floyd Mayweather, who topped this year’s Forbes list of highest paid athletes, has launched a new venture: Mayweather Boxing and Fitness Gym in Los Angeles.

“It’s not just about making smart moves inside the ring. It’s also about making smart moves outside the ring,” Mayweather said.

Mayweather plans to open over 500 gyms worldwide. He is also offering franchising opportunities to investors; $70,000 to convert an existing gym and $200,000 to open a new gym.

Mayweather has invested in everything from commercial real estate in New York to strip clubs in Las Vegas. His business advice is to start small and surround yourself with the right people, who have patience.

The gyms will feature a virtual reality experience with a Mayweather avatar challenging voters to jab, cross and hit harder, all while burning hundreds of calories. He is adamant that everyone has access to the virtual reality and studio workout.

Mayweather is living proof that grit, determination and hard work pay off inside and outside of the ring. According to Forbes, he raked in $285 million this year.

In the gym, fitness buffs jabbed punching bags, skipped rope and ran on elliptical machines during the challenging cardio and strength building circuit that made Mayweather the most dominant boxer of all time.

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