#323 Financial Mastery in Gym Ownership with Varsity House Founders | Joe Riggio + Dan Goodman, Dave Tate's Table Talk
Dave Tate's Table Talk
Dave Tate
4.9 • 586 Ratings
🗓️ 18 December 2024
⏱️ 196 minutes
🧾️ Download transcript
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Welcome Dan Goodman and Joe Riggio to the 323rd episode of Dave Tate's Table Talk podcast.
Dan Goodman and Joe Riggio are standout figures in the fitness industry, each bringing unique strengths to their partnership at Varsity House, a prominent gym brand they've developed together. Dan began his career at the front desk of Parisi Speed School at 16 and quickly ascended the ranks, eventually partnering with Joe in 2009 to establish Varsity House. Known for his strategic vision in business development and financial management, Dan has become a trusted advisor to gym owners globally through their consulting venture, The Business of Strength.
Joe Riggio started Varsity House in 2006 from an unused loading dock, driven by a lifelong passion for fitness that began when he was twelve. With a master's degree in Biology and nearly two decades as an Adjunct Anatomy & Physiology Professor at Montclair State University, Joe's scientific approach has not only propelled Varsity House to a 20,000 sq/ft facility but also helped numerous athletes and local adults enhance their fitness. As a dedicated family man and avid outdoorsman residing in River Vale, New Jersey, Joe is passionate about expanding their brand and assisting other gym owners in achieving business success through innovative training and business strategies. Together, Dan and Joe are steering Varsity House towards a future of expansion, aiming to open ten new semi-private training facilities in the next five years.
Varsity House Gym IG: https://www.instagram.com/varsityhouse/
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Transcript
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| 0:00.0 | The majority of people who go into coach and going to the gym business is going for pure passion. |
| 0:03.3 | They're not business people at all, right? |
| 0:05.3 | And they don't really understand that. |
| 0:07.2 | Keep the business as simple as humanly possible and stash as much money as you can because |
| 0:13.0 | money is ultimately a tool that you can use to leverage yourself out of doing some of the |
| 0:18.2 | things like you're talking about. |
| 0:19.5 | You can only grow in scale if you have that revenue to actually grow in scale. |
| 0:23.7 | They've realized that maybe like there's a little bit more to running a gym business than just |
| 0:27.6 | training, right? |
| 0:34.4 | All right, guys, we're back with another episode of Table Talk. |
| 0:36.8 | Today, my guest is Dan Goodman and Joe Riggio. |
| 0:40.2 | Riggio. |
| 0:42.3 | I always mess it up. |
| 0:44.2 | And I even wrote, I do this all the time, R-I-D-G space E-O, because that's how I perceive and read it. |
| 0:53.3 | But you guys have been with the Varsity House owners of Varsity House, co-owner, CEOs, |
| 1:00.9 | partners of the Varsity House since 2006, I believe, |
| 1:04.1 | and have grown that to a 20,000 square foot location and are looking at expanding. |
| 1:10.4 | Yes. |
| 1:12.8 | And you have the Business of Strength podcast and you are a mentor to gym owners as well. So there's a lot of it and have |
| 1:18.4 | qualifications as trainers yourself. Yeah. Right. So I don't want that to get lost, |
| 1:23.1 | but I don't want to spend a whole lot of time on that either because that's probably not |
| 1:26.5 | why people want to listen or what they want from you guys. |
... |
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