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The Entrepreneurial Mindset: Thriving in Uncertainty (with Erika Kullberg) Pt.2 - Apr. ‘23 | Ep 570
The Game with Alex Hormozi
Financial growth, reinvestment, and acquisitions
Despite the negative impact of COVID on gyms, the business has shown growth in recent years. In 2018, the gym made a top-line revenue of 26 million and a net profit of 17 million. The following year, they invested in supplements and software, resulting in a top-line revenue of 37 million. However, 2020 was challenging due to COVID, but they still managed to take home around 9-10 million. By 2021, they closed a successful deal, allowing for significant acquisitions. Currently, they hold minority stakes in 11 companies, with a total revenue of under 200 million and profit margins between 35 and 40 percent. The gym owner's passion for acquisitions led to their success and excitement for the future.
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