Podcast Episode 165: Time to sell your studio? Here’s What You Need To Know {Part Two}

In Part One of this podcast, we hit the must-have strategies you’ll need to sell your business.  

Now, it’s time to get down to the nitty gritty, where we’ll look at:

  1. The Multipliers you’ll use to determine a final asking price: You’ve likely heard the term multipliers before, but what’s the exact numbers you need to to know in our industry so that you sell for the right price {and the right long term profits}.  
  2. The Owner Benefit you’ll need to layout a true net profit: Thought your P & L was the end all and be all of your net profits. Not when it comes to selling. Chances are you’ve been writing off as much as possible for as long as possible and this has skewed your true net profits. Now, we’re gonna dismantle the P & L to create an Owner Benefit statement that gives your new owners the best chance to see your business’s potential.
  3. The Financing Options ahead for you {and your potential new owners}: There are numerous options to financing your business, but a select few may earn you extra dollars without extra headaches. We’ll explore your options {and let you in on exactly how we sold our companies}.  
  4. And, finally, where do you actually sell your business? {hint} It’s closer to home than you think.  

Listen in on today's episode and you'll learn:

  • The multipliers to use to determine the final asking price of your business
  • The strategies to use to increase your multipliers {so you can increase the
    value of your business!}
  • The one scenario where a multiplier does not apply
  • How to calculate the owner benefit and the types of expenses to leave out of
    this calculation
  • The different ways to finance the sale of your business for a potential buyer
    plus my personal favorite financing option
  • Tips on how to find a buyer easily!

With grit + gratitude,


Recommended Episodes

  • Knowing your Competition with Coach Heather Plum

    Yall, Guess what?  In the world of boutique fitness…your competition isn’t the villain in your success story.  They could be the hero!  Let me explain. In EPISODE 586, Coach Heather talks about how understanding your competition isn't just smart – it’s essential.  Here’s the juicy details: So, what’s the bottom line? Your competition is a…

    Listen Now

  • The Heart-Centered Entrepreneur with Heather Plum and Nicole Siegel

    You know that feeling when you walk into a place and it just feels right?  That's no accident.  It's the magic of a business built with heart and soul. And that's exactly what we're chatting about in EPISODE 585. Nicole's been where many of us are – at that crossroads where you choose safe over…

    Listen Now

  • Lindsey & Katie The 62% Conversion Rate:  How we doubled our studios income by transforming our sales process

    Y'all, When a new member walks into your studio… You're not just showing them where the locker rooms are or what the WiFi password is.  You're laying down the red carpet to a long-term relationship. That might just turn them into…your next raving fan. In EPISODE 584, I sat down with Lindsey & Katie, the…

    Listen Now

  • Retention: The Reality and How to Change It

    Y'all, Is your studio's love life a series of bad dates?  You know the drill.  Clients come in, the sparks fly, but just when you think it's love at first sight—poof—they ghost you. If you're tired of the “It's not you, it's me” chats…grab your headphones. In EPISODE 583, I sat down with my rockstar…

    Listen Now