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🎙️ From Broker and Client to Business Partners, Mitch McGinley and Kristin Abel Built Boutique Fitness Broker Together
Mitch McGinley, founder and CEO of Boutique Fitness Broker, and Kristin Abel, its president, both left corporate finance careers to own yoga studios before becoming broker and client, then partners. Mitch shares how a failed first sale taught him what buyers need, and why he told Kristin to wait a year before listing her studio. Kristin talks about letting go of a business that had become her identity, and together they explain how honest advice drives an 80% success rate.
✨ Key Insights You'll Learn:
From corporate finance to yoga studio ownership
Getting the right people in the right seats
A failed sale and the fixes that led to a 5x exit
Showing true profit on your tax returns
Telling a seller to wait for a better price
Selling a studio through COVID
Why clients shouldn't know who pays the rent
Contractors versus W-2 employees in a sale
Three kinds of buyers for boutique studios
Separating your identity from your business
🌟 Mitch and Kristin's Key Mentors:
Mitch's mother-in-law: 40-year studio owner and his model for entrepreneurship
Mitch's in-laws: the support that let him build the firm through COVID
Mitch's older brother: his rock after losing their father
Kristin's life coach: helped her process the loss of her studio
Each other: a client relationship that became a partnership
👉 Don't miss this conversation about honest advice, letting go, and helping studio owners exit on their terms.
🔗 Connect with Mitch McGinley and Kristin Abel:
Website: boutiquefitnessbroker.com
📄 Transcript Available: Yoga Studios to Exits: Kristin Abel and Mitch McGinley of Boutique Fitness Broker
📺 Watch on YouTube: Inspired Stories Podcast
🌐 Our Website: The Inspired Stories Podcast
📄 Special Thanks to Anthony Codispoti & AddBack Benefits Agency: AddBack Benefits Agency - Providing innovative employee benefits solutions that improve employee well-being while optimizing your bottom line Website: addbackbenefits.com
