Yoga Studios to Exits: Kristin Abel and Mitch McGinley of Boutique Fitness Broker

🎙️ 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 

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📄 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