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The Entrepreneurial Mindset: Thriving in Uncertainty (with Erika Kullberg) Pt.2 - Apr. ‘23 | Ep 570
The Game w/ 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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