10 franchised gyms in 5 years?!

John Franklin (https://twitter.com/johnisbuilding?la...) talks to Greg Morrone, a gym owner who believes franchising is the best path for him to reach financial freedom. Together, they break down Greg's gym (https://thefitlabhoboken.com/), why he chose to become a franchisee, and the process behind opening 10 locations in the next 5 years. P.S. If you like the show, then you'll love the Gym World newsletter. Every Friday, John Franklin breaks down the possibilities of making money in the fitness industry. Subscribe here (https://usekilo.com/gym-world/) so you don't miss out. Show Notes: (00:00) Introducing Greg Morrone (3:49) What is The FIT Lab? (8:11) Packaging, pricing, onboarding, and growth (16:00) Coaching and retention (20:49) Investing in a fitness franchise (24:36) Opening 10 locations in the next 5 years (32:07) Why scale a fitness business via franchising? (36:37) Franchise costs and lease agreements (40:07) Financing options for fitness franchises (46:50) Selling gym franchises and wealth-building exit strategies (54:29) Opening a franchised gym with SBA loans (56:37) The process of opening Greg's first franchised gym (1:02:49) Being strategic with future franchised locations (1:10:24) Advice for gym owners wanting to start from scratch (1:14:12) Where to go if you want to find Greg