Your Gym Isn’t Worth What You Think. Here’s How to Fix That Before You Sell.

One of the calls I receive regularly is from gym owners who are ready to sell their businesses.

Sometimes they’ve been operating for years. Sometimes they’re burned out. Sometimes they’re losing money, struggling with their lease, or simply ready to move on to something else.

And almost every time, they have a number in mind for what they believe their gym is worth. Unfortunately, just because you want to sell your gym doesn’t mean you have a business someone is willing to buy.

Read the full article: https://www.fmconsulting.net/your-gym-isnt-worth-what-you-think-heres-how-to-fix-that-before-you-sell/

— Jim Thomas, Fitness Management & Consulting

Can't Qualify for Gym Funding? Here Are 5 Creative Ways Gym Owners Are Getting the Money They Need

One of the things I see regularly in working with independent gym owners, boutique studio operators, gym entrepreneurs, and personal trainers is that there are a lot of people who need funding, but not everyone qualifies for it right out of the gate.

Maybe you're looking to open your first gym. Maybe you've been in business for several years and need working capital. Maybe you want to buy an existing fitness center, expand into a second location, upgrade equipment, or put more money into marketing and sales.

Whatever the situation, the need for capital is real. But here's what I want gym owners to understand: Just because you don't qualify for funding today doesn't necessarily mean you can't get funded.

Read the full article: https://www.fmconsulting.net/cant-qualify-for-gym-funding-here-are-5-creative-ways-gym-owners-are-getting-the-money-they-need/

— Jim Thomas, Fitness Management & Consulting

Good Sales Fix Almost Everything: Why Sales Are the Oxygen of Your Gym Business

When sales slow down, every problem in your gym gets bigger. When sales are strong, you gain the breathing room, confidence, and resources to solve almost anything.

I’ve spent many years working with independent gym owners, boutique studio operators, gym managers, salespeople, and fitness entrepreneurs. And there’s one thing I’ve seen over and over again:

Good sales fix almost everything.

Read the full article: https://www.fmconsulting.net/good-sales-fix-everything-gym-business/

— Jim Thomas, Fitness Management & Consulting

How Much Is My Gym Really Worth?

He knows what he paid for the equipment. He knows what he put into the build-out, the years of early mornings, the members he knows by name. Add it all up and the number feels right — to him.

Here is the distinction that decides almost every gym sale: buyers don’t value your gym based on what you have invested, how hard you have worked, or how much you need to walk away with. They value it based on what the business can produce for them. Your number is built on your past. Their number is built on your gym’s future — and whether that future looks predictable or risky.

Most independently owned gyms are valued on cash flow and earnings, not on revenue. For a smaller, owner-operated business, the starting point is usually Seller’s Discretionary Earnings — SDE. That’s the total financial benefit one owner gets from the business: net profit, plus owner salary, certain owner benefits, legitimate one-time expenses, and applicable adjustments like interest and depreciation.

Read the full article: https://www.fmconsulting.net/how-much-is-my-gym-really-worth/

— Jim Thomas, Fitness Management & Consulting

Your Gym Doesn't Need More Employees. It Needs a Better Sales System.

There is something I see over and over again when working with independent gym owners, boutique studio operators, gym entrepreneurs, personal trainers, and fitness club managers.

Do you really need more employees, or do you need a better system that allows your existing employees to produce more?

I’ve worked with gym owners who have plenty of opportunities coming through their businesses. They’ve got website traffic. They’ve got people responding to advertising. They’ve got former members, referrals, walk-ins, and people who have expressed interest.

Read the full article: https://www.fmconsulting.net/your-gym-doesnt-need-more-employees-it-needs-a-better-sales-system/

— Jim Thomas, Fitness Management & Consulting

Different Size Gym. Same Problems. Why the Gym Business Never Really Gets Easier.

The gym owner with 100 members and the gym owner with 10,000 members have more in common than you might think. They’re both trying to hire good people. They’re both trying to improve sales. They’re both trying to figure out why members leave.

They’re both looking at their marketing, trying to improve staff performance, and wondering what they could be doing better. The numbers are different. The buildings are different. The payroll is different. But the business? In many ways, it feels exactly the same.

And that’s something I’ve noticed over the years working with independent gym owners, boutique studio operators, gym entrepreneurs, and fitness professionals at just about every stage of business. Growth doesn’t eliminate problems. It changes the scale and complexity of managing them.

Read the full article: https://www.fmconsulting.net/different-size-gym-same-problems-why-the-gym-business-never-really-gets-easier/

— Jim Thomas, Fitness Management & Consulting

Your Gym Is Sitting on Money You're Not Collecting: Learn to See Value Where Others Don't

One of the things I’ve learned over the years working with independent gym owners, boutique studio operators, gym entrepreneurs, and personal trainers is that there’s a tremendous amount of value sitting right in front of us that we simply don’t recognize.

And sometimes, that value has absolutely nothing to do with selling another membership.

Now, don’t misunderstand me. Membership sales, personal training, retention, and recurring revenue are still the foundation of a successful gym business. But what about everything else? What about the building itself? What about the people walking through your doors every day? What about the businesses in your marketplace that would love the opportunity to put themselves in front of your members?

Read the full article: https://www.fmconsulting.net/your-gym-is-sitting-on-money-youre-not-collecting-learn-to-see-value-where-others-dont/

— Jim Thomas, Fitness Management & Consulting