GymWisely is a game changing new platform that maximizes the number of visits someone can make to [more than one] gym, at their convenience, makes it economical for them to expand the amount of time they can devote to a club, and from a business owners standpoint, provides incremental revenue. "These members are serious about their health, fitness, and trying new things. They're the kind of people you want in your door. They are not going to be in and out." Currently, 20 partners are going live ...
Dec 19, 2019•27 min
"We didn't spend any money on marketing or advertising in the beginning, it was all word of mouth initially," says Sarah Levy, CEO & Founder of Y7 Studio. With 14 locations and a strong financial & advisory partner in KarpReilly, Y7 is thriving. Yet? Interestingly, it's also "very polarizing" states, Director of Marketing Lauren Roxborough . . . and that's the way they want it! Y7 is not focused around a single teacher and studios have no mirrors, and are candle lit with fantastic music....
Dec 09, 2019•31 min
"Some of the best sports-ish businesses are putting data over existing sports. . .just look at Top Golf for example," states Founder Alex Patterson. Alex began in corporate law, but quickly moved to the (then newly founded) Tough Mudder. After 5 years working with them in various positions, he struck out to form, from the ground up, a different type of escape room. He took the physical element present in TM and moved it into the digital game/escape room space. The result is a fantastic, highly s...
Dec 02, 2019•34 min
"A leader's job is to put a really buttoned up, solid, strategic plan in place to execute on [the company] vision, and after that. . .it's ALL about people," states Brian Anderson--a highly seasoned C-Level executive in the HALO sector. With 15+ years in early stage/consumer focused brands, the first company he helped take from $1m - $45m in 5 years, the second from $35m - $100m in 5 years and the third from start up to ~$20m in 4 years. Listen now to hear his thoughts on brand building, company...
Nov 22, 2019•24 min
"Being the OG is always a good thing! . . There's a real proof of concept there!" laughs Marius Morariu. Marius holds 3 patents in skin care and discusses the impressive, 20 year history of the company. What they did and how they did it put them way ahead of the curve, and they have tons of high profile clients & a fantastic reputation to show for it! Marius chats about everything from being the first to bring a technology over from Europe, the challenges of formulating their early products,...
Nov 19, 2019•27 min
In his wide-ranging career beginning at in film & TV at the WWE, to starting a rehab staffing business, to becoming the Red Cord North America distributor, and presently an owner of 2 Gracie Barra jiu-jitsu dojos in NJ, Mike has seen a great deal. Listen now to this wide- ranging discussion on everything from the challenges of entering the US market, getting CEC's, long sales cycles, the place in the industry for dance & martial arts, and more!
Nov 15, 2019•28 min
"I think people don't realize what feeling good feels like because they're fed so much crap and not moving enough," states Joe Hawley, former 8 year veteran of the NFL. After retiring in 2017, he bought a van, rescued a dog, and hit the road! Along the way he started Live Simpl, (livesimpl.com) sold nearly 70% of his belongings, changed his diet, his thoughts around money, nutrition, exercise, and a ton more. Joe is clearly having a blast and his message is a must hear for everyone. "Live with l...
Nov 06, 2019•21 min
"The one foundational element of Comvest that goes back to the beginning is our our owner's belief in good management teams," states Dan Lee. What are some factors debt providers look at when evaluating a deal? What are the differences between firms like Comvest as opposed to banks and SBIC funds? What are sponsored and non-sponsored deals? Covenant and non-covenant deals? Listen now to learn more!
Oct 29, 2019•30 min
"I'm a big believer in the experience economy. If you can provide someone with a feeling that you can't get somewhere else. . .you're going to be successful. There's nothing that's going to replace the energy people feel when they're together," states Bradley. A 20+ year finance veteran, Chris has been on both sides of the fence. Listen to learn more about what a SPAC is, ROIC, how an investment committee works behind closed doors, why it's important to sometimes just "cut the Gordion knot" and ...
Oct 23, 2019•40 min
"Action prevents anxiety. If I have this gut instinct and I feel like the risk is worth taking, I'll go all in," states Remorca. Dennis began his career at Equinox, then moved over to Definitions. He eventually started his own business on 75th and Park with $19K of financing. 3 locations later (with more in development) Dennis chats about the challenges and questions all entrepreneurs face at one point or another. For anyone who has thought about going out on their own (or for those who've recen...
Oct 17, 2019•24 min
"People are recognizing the more they do things like massage, the more they can prevent injury, the more stress and tension they can reduce. . . and as the health care plans and employers start to subsidize, people will buy it more," states Samer Hamadeh, CEO. As a highly successful entrepreneur, ZEEL's massage on demand service has already has done over 1 million massages, 3/4 of which are medically related, pain management issues. ZEEL's growth has been tremendous. Venus Williams recently join...
Oct 08, 2019•28 min
"Fitness was a minor part of NYC landscape. It was always looked at little bit negatively. Fast forward to today and now it's one of the bright lights in our industry. It's an incredibly growing field!" states 30+ year real estate veteran, Jeff Roseman. In this wide ranging discussion, Jeff chats about landlords changing attitudes around the HALO sector, leases, why "branding opportunities" in real estate is nonsense, good guy clauses, factors to consider when evaluating a location, and--in a fu...
Oct 03, 2019•39 min
"The passion for the business came first, the passion for fitness actually came later," states Scott Lutwak. Scott is a seasoned entrepreneur having started Restaurant.com many years ago. His first facility was 33,000 sq feet and he fully admits, "I knew absolutely nothing about gyms!" Listen to learn his incredible story about how he grew to 6 locations, how he got over his worst month ever, the evolution of the FIT brand, his expansion into founding a non-profit for the San Diego homeless, and...
Sep 30, 2019•16 min
"I think people are looking for the quick fix, but there is no quick fix. It's lifestyle changes. It's changing your diet, eating habits, recovery, exercise routines, changing your mindset. . and it takes time, but what I love about Wim's method is that it doesn't take long to feel the difference," states Avi Greenberg, one of only three Wim Hof Instructors in NY. Listen now to this wide ranging discussion around the increasing popularity of breath work, its positive affects on the body, how it'...
Sep 27, 2019•24 min
"People don't know the power of nutrition. They're given lies. . . It should be reading, writing, arithmetic, and nutrition taught in grade schools. It is one of the most critical factors that control our life, our longevity, our happiness and our health and the ignorance and confusion in the American population is barbaric and needs to be changed," states Dr. Joel Fuhrman. Dr. Furhman is a former athlete, a board-certified family physician, six-time New York Times best-selling author and intern...
Sep 24, 2019•37 min
Sean entered the entrepreneurial world after launching a company around a concussion detection sensor. "You need to have a big vision and fully understand where you want to be in 5-10 years. . .but also know you're never going to know that!" he jokes. Holisticly is a fantastic product that's long overdue. It fills a gap in the market to help growing companies support employees on a day-to-day basis. Listen now as Sean discusses how to handle long sales cycles, the negatives of "point based" syst...
Sep 19, 2019•24 min
"Muay Thai should be popularized and become more commercial and available to a larger scale of people," states Tyler Scott, a 12 year veteran of Muay Thai and creator of the patented Bishop heavy bag. Along with his wife, they began Hit House in 2017 after being inspired by the type of community they saw at a SoulCycle. Listen now to this wide ranging discussion on everything from the pros and cons of ClassPass, working with your significant other, hologram and VR technology, and more!
Sep 11, 2019•37 min
"The gym was full every day, even when the economy tanked. I always remembered that," states Alex Zaltsman. Alex now owns 3 Row Houses and 1 Pure Barre studio all under the Xponential family of brands. Originally from the technology, software & mobile application worlds, Alex discusses his entry into the HALO sector, what some of the similarities & differences are, and much more. There's great information here for anyone considering becoming a franchisee.
Sep 09, 2019•18 min
"What do you mean boxing and yoga? That makes no sense!" said basically everyone when Olivia floated the idea of this particular combination during her research. She went ahead, bootstrapped it all anyway (for all the right reasons!) and was immediately profitable. She had no outside capital and is now opening a second studio. "I created a business, the basis of which is resistance and ease. When you let go of whatever is holding you back, you can find your flow," she states. This is a fantastic...
Sep 06, 2019•26 min
"You can and must make time for yourself, even if you think there's no time at all," states Rebbecca Schonfeld. Rebecca has battled mental health issues since she was young and has started sharing her story & experiences to help others on their own journey. Listen now to this important discussion around the changing attitudes & treatments of mental illness, her (extremely positive) experiences with CBT (Cognitive Behavioral Therapy), her studies with Keri Glassman of Nutritious Life and ...
Sep 03, 2019•32 min
"Stay true to who your customers are. You also have to be ok not being appealable to everyone out there," states Andrew Hirsekorn, Principal & Founding Member of Eagle Merchant Partners. Eagle is a private equity firm and one of the owners of the largest Planet Fitness franchisees. Listen now to this wide ranging discussion touching on ideas around Planet's place in the sector, thoughts about member attrition, the importance of unit economics, pros and cons of taking on private equity and mo...
Aug 30, 2019•24 min
"We wanted to find a way for health and wellness professionals to sell something that they were more confident in," states CEO Brett Maloley. Their team interviewed approximately 22,000 members, 11,000 trainers, and 1,000 physicians in the research phase. Ladder has ~65,00 users nearly 10,000 of whom are coaches and the rest are clients. "We need to not start with the technology, but rather what we're trying to solve for," he continues. Listen to this wide ranging discussion of current technolog...
Aug 28, 2019•22 min
"When times were tough, the Mission and Vision of our club kept us going. It would have been very easy to slash our values for the sake of the dollar," stated Stephanie Coulon of Stone Creek Club & Spa in Louisiana. She and Larry Connor helped build this award-winning, high end facility from the ground up 10 years ago and it's been going strong since. They opened in a down time, and in a saturated market where 40% of the market already belonged to a club. Listen now to learn more about how t...
Aug 23, 2019•16 min
Mike Morris worked in specialty retail for nearly 25 years and helped scale national brands like J. Crew, The Vitamin Shoppe, and others. He specializes in retail & supply chain operations, software, and data management. After going through 4 private equity sales, he became a full time advisor in the PE world 12 years ago and currently works in both the fitness and retail side. Mike's wealth of experience in both sectors is a must listen for any entrepreneur who may be looking to scale....
Aug 22, 2019•19 min
Peerfit began with 8 employees and now has 100+ spread across the country. Their mission is ambitious! "It's to refine corporate wellness," states Chris Patton. He continues, "The value add is that we're doing something that it's hard for gyms to do, which is make that connection to the insurance carriers. Gyms and studios are good at what they do, but dealing with insurance probably isn't in the top 5 of that list!" he jokes. Peerfit's model is an idea whose time has come and is a win for all p...
Aug 19, 2019•19 min
Texas Capital Bank is a 30 billion dollar publicly traded company. (They do business nationally, not just in Texas!) The group just celebrated their 20th anniversary and have nearly 175 million invested in the HALO sector. "We're significantly different in that we talk about 'selecting partners' versus 'collecting clients,'" states Charles Adams. Listen now to learn more about the process of applying for a loan, factors considered in company valuation, concerns of lending into the space and more...
Aug 14, 2019•25 min
"I look at private equity as a movie. You're walking into the theater halfway through, and there's all this action going on before you got there. If you don't try to understand how the plot has developed, where the players are, and what's going on, you're going to make mistakes. Our job is to figure that out!" states finance industry veteran, Peter Brockway. This comprehensive discussion touches on the history, benefits, risk/return of PE for entrepreneurs, why PE groups may (or may not) invest ...
Aug 12, 2019•48 min
Physmodo is a software that, at its core,". . .measures human movement," states Andrew Menter, CEO. It's a 30 second screening using an infrared camera and proprietary technology which addresses some of the the negatives of the Functional Movement Screen. It also, ". . .helps with front desk engagement. It really grabs people's attention. It kind of looks like a video game!" laughs Tyler Nicholson. The technology is found all across the country as well as in the military to help increase the num...
Aug 08, 2019•21 min
Mark began in the HALO sector in 1990 as a Personal Trainer and has worked with Merritt for 19 years. "You do the right thing, you take care of people, and the business takes care of itself," he states. With 9 locations plus 4 corporate, Merritt positions themselves in the upper middle market tier. Listen now to learn more about why they, "...decided to try and stop competing with everyone else in the industry," and how they continue to distinguish themselves in an extremely competitive part of ...
Aug 02, 2019•17 min
Robert began his career in the HALO sector as a trainer in the Bay Area. He later dove in and learned sales with the teams at 24 Hour Fitness. After opening up his two current clubs and waiting (for years!) for a company to solve his data frustrations, he decided to do it himself. Fitness BI is an extremely comprehensive analytics platform that--in 3 short years years--counts ~1,400 clubs as customers. Listen to learn more about how (and why) they scaled so quickly and where they're going next!...
Jul 31, 2019•32 min
