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John Franklin (https://twitter.com/johnisbuilding?lang=en) & Mateo Lopez chat with Andrew Frezza, a gym owner who ran a profitable location that generated $95k/mo in a 6,000-person town. Despite the success, Andrew walked away. What made him leave it all behind?
P.S. If you like the show, then you'll love the Gym World newsletter. Every Friday, John Franklin breaks down the possibilities of making money in the fitness industry. Subscribe here (https://usekilo.com/gym-world/) so you don't miss out.
Show Notes:
(00:00) Introducing Andrew Frezza
(3:01) Starting and growing a CrossFit gym
(7:11) Buying real estate at the right time
(10:07) Expanding the business
(13:17) Providing good careers for coaches
(15:45) Structuring offers, prices, and hiring staff
(21:06) How would Andrew start a gym today?
(23:46) The impact of COVID on the gym and its recovery
(28:19) Deciding to sell the gym
(30:59) Challenges of scaling a single location
(37:24) Experiencing burnout as a gym owner
(39:40) Approaching the conversation with his team
(42:40) Evaluating his worth of shares
(44:08) How does Andrew feel now?
(45:17) What's next for Andrew?
(48:00) Advice for gym owners feeling stuck
(51:06) Where to go if you want to find Andrew