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!