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About this episode
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.
P.S. If you like the show, then you'll love the Gym World newsletter. Every Friday, John Franklin breaks down the possibilities of making money in the fitness industry. Subscribe here (https://usekilo.com/gym-world/) so you don't miss out.
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
Get every episode summarized
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