$18M Exit, Chris Guerriero, Executive Fitness Club

$18M Exit, Chris Guerriero, Executive Fitness Club

January 8, 2020

Discover the fascinating story of Chris Guerriero, the visionary entrepreneur who transformed Executive Fitness Club into a thriving business before ultimately selling it for more than $18 million. Tune in to this episode as Guerriero shares his entrepreneurial journey and the strategies that contributed to his remarkable exit.

About Chris Guerriero:

Chris Guerriero is an entrepreneur, business advisor, speaker, and best selling author.

Business owners around the world have come to rely upon Chris when they require an edge to breakthrough growth obstacles.

Expertise and proven track record of success differentiate Chris. He’s grown teams, culture, and business systems that yield multi-million-dollar companies. During his career devoted to health, wellness, and business growth, Chris has built four 8-figure businesses of his own. He also helped generate millions in revenue for his clients. He has served as a business advisor, mentor, board member and investor for businesses and executives who desire additional business growth.

Chris was featured in Entrepreneur as one of the top entrepreneurs of the time. While his companies have been featured in print, video, and on live stages domestically and around the globe. Chris is focused on building culture, systems, and teams that scale smart and galvanize growth.

Benefits of having business exit strategies

For entrepreneurs and business owners, having business exit strategy has a number of benefits.

Firstly, these strategies provide a roadmap for financial planning, enabling entrepreneurs to maximize the value of their business and secure their financial future after the exit. They also supports risk management by ensuring prompt actions to problems and safeguarding investments.

Additionally, exit strategies encourage adaptability and flexibility in response to shifting market conditions by enabling changes like pivoting, selling, merging, or transitioning the firm. They make sure that actions are consistent with desired results by coordinating corporate decisions with long-term objectives.

Furthermore, business exit strategies put an emphasis on value optimization by putting into practice techniques to increase profitability.

Last but not least, having an exit strategy can increase competitive advantage since it shows strategic thinking and a dedication to long-term success. It increases the company more appealing to potential partners or investors.

In this episode, Steve, Mary, Richard, and Chris discuss:

  • When do you stop saying Happy New Year?
  • First health club sold for just under $18M
  • It’s hard to build a business with all independent contractors
  • Choose key metrics carefully



Best Advice I Ever Received:

Seek wise counsel so you can fast pace your growth and don’t have to learn lessons the hard way.

Best Advice I’d Give To Someone Who Wants To Build A $10m+ Business:

Build your company to sell, straight from the start. Companies that are sellable, are far more efficient, scalable, and duplicatable.


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