Most studio owners spend years thinking about how to grow their business.
Far fewer think about what happens when it is time to leave it.
In this episode, Cory sits down with Mitch McGinley, Founder and CEO of Boutique Fitness Broker, to talk about something many wellness entrepreneurs rarely discuss: selling the business you built.
Mitch knows the process firsthand. He and his wife bought a yoga studio, grew it, and eventually sold it for five times what they paid. That experience ultimately led him into boutique fitness brokerage, where he has since helped sell dozens of studios.
Why This Matters
At some point, every business owner will exit their business.
The question is whether you prepare for that exit ahead of time.
Mitch explains that getting your legal, HR, tax, accounting, staffing, and business records organized before a sale can make the process smoother and help a buyer feel more confident about what they are purchasing.
Key Takeaways
✔️ Your studio may be a sellable asset
✔️ Preparing years before an exit can make the process easier
✔️ Legal, HR, accounting, and tax records matter during due diligence
✔️ Reducing the business’s dependence on the owner can make it stronger
✔️ Buyers want to see organized systems, documents, permits, and records
✔️ Emotional preparation matters too — especially for founder-led studios
Cory’s Legal Pro Tip
“Build your business today like someone may need to understand, evaluate, and buy it tomorrow.”
🎧 Wondering what your studio could become beyond your ownership? Hit play now.
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