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WITH MITCH MCGINLEY | APR 28th – MAY 24th
You are going to have to exit your business at some point, it might as well be on your own terms and for a big payday. A successful sale doesn’t happen by accident. It can take years of preparation with an eye on your exit strategy, even during the day to day of running your business. And no business is too big or too small to sell…but you must be prepared and know what to expect. In this 4-week group program you’ll learn why it is important to proactively plan for your exit; how to prepare your business (over time) for sale; how to value your business (including what is important to a buyer and what isn’t); and what to expect, good and bad, during the sales process. Tailored to fitness and wellness businesses, this training will teach you all you need to know for a successful and profitable exit when the time is right.
PREPARING YOUR BUSINESS FOR AN EXIT
VALUE YOUR BUSINESS
HOW THE SALES PROCESS WORKS
PRESIDENT, BOUTIQUE FITNESS BROKER
Mitch is a former studio owner, licensed Business Broker and Certified Exit Planning Advisor who specializes in Boutique Fitness business sales and acquisitions. He originally worked in hotel management, and then with an investor who was buying boutique hotels, fixing them up, and then selling them. Shortly thereafter, he and his wife Karson bought their favorite yoga studio. During that time he began working as a Mindbody Certified Business Consultant, and Mindbody Education Faculty, teaching at Mindbody Universities all over the world. Since successfully selling his studio in 2018, he was licensed as a Business Broker and merged all of his worlds to help other business owners with sales and acquisitions. He has helped facilitate over 40 transactions exceeding a 70% success rate. He has an MBA in entrepreneurship and loves working in this industry.
BFS Sprints bring you tailored, personalized and intensive trainings through…
Short lessons and videos for the busy business owner to learn on their own time.
Weekly small-capacity live training with individualized attention where students can ask questions, talk through how to implement learnings and brainstorm with their cohort. Live sessions will take place every Tuesday from 3:00 pm – 4:30 pm EST and will also be recorded for those unable to participate.
Group and independent assignments and actionable plans with proven outcomes.
Access to a community forum exclusive to your training cohort to share ideas, collaborate on assignments, and enhance your learnings.
Weekly office hours to ensure your understanding of concepts.
APR 28th – MAY 24th
Weekly Breakdown
Gain a comprehensive understanding of market-based valuations in the first week, equipping yourself with the knowledge to assess your business’s worth accurately for a successful exit strategy.
Strategically plan your ideal exit during the second week, exploring various approaches and considerations to align your business goals with a profitable departure from your venture.
Prepare your business for a successful sale by focusing on the crucial aspects of prepping, ensuring a seamless transition and maximizing the appeal to potential buyers in this pivotal third week.
Navigate the complexities of the sales process in the final week, as you delve into what to expect during this critical phase, arming yourself with insights to facilitate a smooth and profitable exit from your business.
Sample Week
*Live Classes and Available Office Hours will be recorded.*
July 10 – August 4
**90 Minute Live Classes: Thursdays at 10:30 am PST | 1:30 pm EST**
**Available Zoom Office Hours: Fridays 10:30 am PST | 1:30 pm EST**
*Live Classes and Available Office Hours will be recorded.*
