4.9 • 2.1K Ratings
🗓️ 17 May 2024
⏱️ 14 minutes
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0:00.0 | Ladies and gentlemen welcome to Friday's episode of 50% facts one good question where we take |
0:15.2 | questions from y'all we answer them in five to ten minutes best we can today we're |
0:20.2 | opening up the P&Ls. |
0:27.0 | Says, would you be able to, oh shit, I just clicked it wrong. No. |
0:28.0 | Would you ever be able to talk about overhead and planning for when you open 3SB-B and I think we can talk a little bit about |
0:35.6 | money opening gyms or businesses. There's a million factors when you look |
0:40.6 | into opening a business obviously location plays a very big role. |
0:44.8 | If you're talking about startup costs, we can go over that, which is different than your |
0:48.8 | overhead. Overhead is typically what you consider to keep the business running and moving, something like rent, |
0:55.4 | lights, employees, etc, etc. |
0:57.8 | Start up costs is typically the big old chunk of some money and work to get it going and moving and how you like to go. |
1:06.6 | So for a gym that's equipment, lease, startups, plates, front desk, security cameras, music, etc. |
1:14.6 | You know, when you're, we're in the dead middle of the capital of California. |
1:19.7 | California is, I think, the most expensive state now from some of the data I've been looking at. |
1:25.0 | It depends on who you are. |
1:27.0 | And what metrics obviously, but I think top the bottom I think it's beating New York, but either way we're one of the top three most expensive states in America, which means |
1:34.8 | we're probably top five or ten most expensive states in the world. |
1:40.5 | And so obviously that raises rent. We're in a warehouse style building where you're going to look anywhere in California at least again it depends on where you live but a dollar to two dollars per square foot is what you're looking to pay monthly. |
1:55.0 | You know, if you're in Arkansas and some 10,000 person town, |
1:59.3 | you could probably cut that by 90% for all I know or even Vegas is a little cheaper |
2:05.5 | different parts of Sacramento if you go to the suburbs a little cheaper. |
2:08.4 | Conditioned versus unconditioned? Yeah there's a million things does it have a |
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