Acquisitions Anonymous - Learn business as we review businesses for sale

Should we buy this Crossfit Gym? - Acquisitions Anonymous episode 142

November 18, 2022 Bill D'Alessandro, Mills Snell, & Michael Girdley Episode 142
Acquisitions Anonymous - Learn business as we review businesses for sale
Should we buy this Crossfit Gym? - Acquisitions Anonymous episode 142
Show Notes

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Michael Girdley (@Girdley) and Matthew Ford, we talk about a Crossfit Gym for sale in Florida. We will examine whether this business opportunity has a chance of success and investigate what is going on with the lease.

Finally, Mike and Matthew will discuss some strategies they would use to sell CrossFit Gym if they were business owners. In this episode, Mike also explains why going inland, away from the beach in Florida, is not a good idea for a business, especially if you live there.

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 Show Notes:

 

(00:00) - Introduction

(00:35) - Our sponsor is CloudBookkeeping.com

(02:10) - Deal & financials: Crossfit gym for sale

(03:08) - What are the terms of this deal?

(05:57) - How’s the operation looking?

(06:22) - Why are they making little profit?

(07:15) - Is this a franchise? Do they pay franchisee costs?

(10:41) - How important is the membership base for this deal?

(11:57) - Is there only one Crossfit gym owner problem?

(12:34) - Why is opening more Crossfit gyms difficult for other owners?

(17:20) - Is building a community going to change the flow?

(20:52) - Why is getting away from the water a bad idea in Florida?

(23:03) - What exactly is going on with the Lease at this point? 

(23:55) - If we owned this company, how would we sell it to potential buyers? 

(28:00) - Deal & financials: Established family medical practice in Brownwood, Texas

(28:45) - Why is this deal interesting?

(29:24) - What is the current Boomer retiring trend?

(33:40) - Matthew’s funny dental story

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Additional episodes you might enjoy:

#141 - A very profitable B2B Internet Business in the Petcare Vertical

#140 - Let’s SBA the heck out of this deal - with special Guest Heather Endresen

#139 - Will we make bank with a Medical Equipment Supply Company?

#138 - See-food but for plants? With special guest Xavier Helgesen 


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