Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses From Gym Owner to a $950K Exit: Daniel Meng's Journey
#241: In this episode, Billy Hofacker interviews Daniel Meng, a former gym owner who sold his gym for $900K ($950K with interest). Daniel shares his inspiring journey—from his days as a college baseball player to becoming a personal trainer for celebrities like Kenny Chesney and eventually running and selling a successful fitness business.
Topics covered:
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Transitioning from a private to a semi-private training facility
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Key strategies for gym owners at different stages: those starting out and those ready to sell
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The importance of systems, financials, and simplicity for a smooth exit
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What adds value to gym evaluations and what detracts from it
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How Daniel used a broker and tips for a seamless selling process
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The impact of surrounding yourself with the right people
Whether you're planning to sell your gym someday or just want to optimize your business, this episode is packed with insights that can help you run a smarter and more profitable gym.
Links and Resources:
- Episode
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Connect with Daniel Meng: daniel.meng@comcast.net