Episode 135: Growing & Scaling To Multiple Locations Without Screwing Up Your Life

Have you ever contemplated the idea of expanding your personal training empire to multiple locations? The allure of financial freedom and an incredible life may be tempting, but there's a dark side that can crush your soul and lead to financial trouble.

In this episode, we're pulling back the curtain on the reality of owning and managing multiple gym locations. I'll share personal experiences of both the heavenly successes and the hellish challenges. Whether you're considering this path or already navigating it, this episode is a deep dive into the nuances, mistakes, and best practices that come with managing multiple locations.

What You Will Learn:

1. Entity Structure Essentials: Explore the crucial considerations regarding the LLC structure of all entities when managing multiple gym locations.
2. Start-Up Strategies: Understand the decision-making process between buying an existing gym and starting from scratch when expanding your fitness empire.
3. Leadership Dynamics: Delve into the choice between hiring a General Manager and finding an Owner-Operator Partner for effective leadership.
4. Risk Mitigation Tactics: Learn valuable insights into managing downside risks through operating agreements and leases when dealing with multiple gym locations.
5. Optimal Deal Structures: Uncover the intricacies of deal structures and compensation plans designed to maximize upside and minimize downside in the world of multiple gym ownership.

When you are ready… Here are 3 ways we can help you:

1. Subscribe to this podcast

2. Join our Facebook group: https://urlgeni.us/facebook/gymownerfreedom  

3. Watch my free training on how I retired from my gyms in my 30’s: https://ptlegends.com/free-training-optin 

4. Want to get there faster? Book a 15-min call to learn about working with me or joining our community (this is NOT a sales call- leave your credit card at home): https://ptlegends.com/schedule