Our guest today, Joseph Dispenziere is a serial fitness business entrepreneur with over 35 years of experience in the health and wellness industry.
One of his ventures, a cross training fitness studio, was an in-home personal training business and also a small group and one-on-one personal training studio that had 18 trainers, and at its peak 20,000 one-on-one sessions a year before he successfully sold it.
He went on to start Core Fit Consulting, which consults gym owners from sales, to facility design, to lease negotiation, and even financing. And as an extension, he also formed, “The Gym Broker”, which as its name suggests acts as a broker for gym buyers and gym sellers.
I wish I met him when I was selling my gym!
What you'll learn from this episode:
- Things to consider for a successful sale of a Small Owner Operated Personal Trainer Studio
How to create value by growing your fitness business with a team of high quality dedicated trainers. We talk about the age old question: Should you make your trainers Contractor or Employees? How to use a numbers-based business plan to get bank financing (Franchising, Valuing a Franchise Gym Business, Current Changing Trends in the Fitness Industry) Things to consider when deciding if you should Buy or Open a new gym? (Hint: one of the options could set you up to make profit from day 1! With financing the optimal approach that makes you money on day one!) Most importantly, how to estimate what your gym is worth. Read more: https://fitnesssecrets.co/podcast/how-to-buy-a-gym-or-sell-your-studio-for-the-best-price-joseph-dispenziere