Gym World Worldwide
This gym owner made $2M & hasn't paid rent in 3 years
Oct 6, 2023
Gym owner Jared Byczko shares how he landed a monster real estate deal and hasn't paid rent in 3 years. Topics discussed include starting & growing a CrossFit gym, acquiring a building with SBA & refinancing, scaling a fitness business, navigating the impact of COVID, negotiating the sale of the gym building, and the positive impact of moving into a new space.
01:00:59
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Building a sustainable gym business involves rebranding, expanding programs, and managing multiple revenue streams.
- Buying a gym building requires securing funding through an SBA loan, strategic location selection, and leveraging favorable terms.
Deep dives
Journey to Functional Retirement
The podcast episode discusses the journey towards functional retirement as a gym owner. The guest, Jared Beechko of Maried Fitness, shares his experience of transitioning from being solely focused on competitive athletics to creating a sustainable business. He talks about the rebranding process, expanding the programs, and the challenges of managing multiple revenue streams. Jared also emphasizes the importance of strategic location and making smart financial decisions, such as saving money for down payments and building cash reserves. His ultimate goal of functional retirement is being able to wake up and do what he loves, while maintaining control over his schedule and enjoying a fulfilling career as a gym owner.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
