Episode 217: Industry Tea with Partner Michael Jay - Buying a Studio
What We Cover In This Episode:
Mitch's unique insights for individuals wanting to buy, own or sell fitness businesses [4:58]
One of the biggest issues or disconnects he sees when people are looking to buy a studio [13:12]
The key financing information to consider when buying a fitness business [17:14]
A look at valuations of a studio, both quantitative and qualitative [18:46]
Why doing your due diligence is key in this process and what that means when buying a studio [28:48]
Some deal breakers for buyers and red flags to watch for [34:01]
What to consider in terms of the "people factor" of…
The skinny
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