$46M Gym Business Exit
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A story about how Alex Hermozi built and sold multiple successful gym-related businesses.
"He started with owning 3 gyms, but then created a company called Gym Launch - a course that costs between $16-20k teaching gym owners how to improve their businesses. From there, he launched Prestige Labs, selling supplements directly to gym owners, saying 'You should sell supplements at your gym. We did all the work, we know which ones sell best, and we're making them. You can just buy from us.'
Then he started a third company focused on lead generation for gyms, essentially helping gym owners get more customers through search marketing and lead generation.
Collectively these three businesses are doing $70-80 million a year. He recently sold 66% of the Gym Launch and supplement business combined for $46 million. In one of his talks, he mentions that over the last 5 years, both through the sale of the company and dividends, he's paid himself $72 million."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.