Opening a New Gym vs. Acquiring an Existing Gym: Which Path Is Right for You?
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Opening a New Gym vs. Acquiring an Existing Gym: Which Path Is Right for You?
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This white paper by Jim Thomas, a gym business expert, explores two primary paths for fitness entrepreneurs: opening a new gym or acquiring an existing one. It provides a comprehensive comparison of the advantages and challenges inherent to each option, such as the high upfront investment and long ramp-up for new gyms versus the immediate revenue but potential legacy problems of acquisitions. Thomas details who should consider each path, highlighting factors like unique vision, capital availability, and risk tolerance. Ultimately, the paper emphasizes that the best choice depends on an individual's specific goals, resources, and comfort with risk, concluding with advice on due diligence for both scenarios.
www.fmconsulting.net
www.linkedin.com/in/jimthomasconsulting