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"

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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