How to Buy a Gym Step by Step
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How to Buy a Gym Step by Step
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Buying a gym can be one of the best business decisions you’ll ever make or one of the most expensive mistakes of your life.
In this episode of “Run a Profitable Gym,” Two-Brain Business CEO John Franklin and attorney Matthew Becker of Gym Lawyers PLLC walk you through exactly how to buy a gym without overpaying, buying a disaster or landing on legal landmines.
Matthew has handled over $50 million in gym transactions, and John has personally bought and sold five gyms in New York City.
In this step-by-step training, the pair break down:
- The formula for valuing a gym.
- Factors that impact the valuation.
- How to define and find the gym you’re looking for.
- The legal process for buying a gym.
- Options for financing a gym purchase.
Before you commit to a buy, check out this show and make sure you're setting yourself up for long-term success in the fitness industry.
Links
Free valuation calculator: "How to Buy a Gym"
"How to Value a Gym: SDE, Multiples and What a Gym Is Actually Worth"
Book a Call
Gym Lawyers Consultation
2:41 - How to value a gym
17:14 - Define your “buy box”
18:55 - The search
22:12 - Legal and financing
36:43 - The full playbook