Thread: Sold small gym
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Old 04-04-2014, 03:04 AM   #8
Will Hurst
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Join Date: Dec 2012
Location: Phoenix  AZ
Posts: 55
Re: Sold small gym

I invested $18k into my 55% of my affiliate in CA netted $40,000 one year later from the sale to my partner, all on good terms. I feel my share was worth double that but it was my idea to sell and I wanted a quick cash transaction so I had to make it manageable for him.

We were 100 members in one year, rapidly growing in 3500 sf, think he's already at 125 in a couple months since, it was a nicely equipped facility. I'm reinvesting 100% of that plus some into my wholly owned facility where I am now, it's even larger and is outfitted to the max.

Best of luck Brendan, nice meeting you at the coaches prep cert in Mesa!
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