How to buy a gym and 10x your money…

In this live episode, John Franklin (⁠https://twitter.com/johnisbuilding?la...) and Mateo Lopez are joined by Devin Gage (https://gagestrengthtraining.com/) and Jeff Schumacher (https://engagepersonaltraining.com/), where they discuss the acquisition of a struggling gym at equipment value. Devin and Jeff plan to turn the gym around, marking it as their sixth location opened in the past 18 months.

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Show Notes:

(00:00) Introducing Devin and Jeff

(2:13) Gym concept and expanding to 7 locations

(10:06) Acquiring a struggling gym and scaling the business

(17:01) Finding a good operator and hiring staff

(19:09) Budgeting and improving a fitness facility

(26:37) Managing quality control for locations

(32:47) Scaling a gym business with multiple locations

(38:00) Scaling to 100 locations in 10 years?

(39:22) Mitigating the risks in a gym business

(44:01) Using EOS to grow a gym business

(48:41) Advice for gym owners wanting to run multiple gyms

(51:20) Where to go if you want to find Devin and Jeff