E40: Buying a Gym: The Hidden Financial Red Flags You Need to See!

Welcome back to the Ash, Hubert & Kevin Podcast — aka the Accountdads! 🎧In this episode, we crack open the books of a real-life Sydney gym that's up for sale. We dive deep into the financials, red flags, hidden opportunities, and everything you should be looking at before buying a business. From rent and staffing to sneaky director loans and telemarketing spend — it's all here.👨‍👦 Plus, we kick things off with some dad chat about camping trips, Disney cruises, and budgeting for memory-making weekends with our kids.🔥 What you'll learn:What to look for in a gym’s P&L and balance sheetHow to spot red flags in small business financesWhether this gym is a good buy (or a hard pass)🎯 For business owners and finance pros who want to level up — this one's for you.👇 Got a business you want us to break down next? Let us know in the comments.------------------------------------------------------Welcome to the Ash, Hubert & Kevin Pod (The Account-Dads). We share finance stories, lessons, and mistakes to help business owners and finance pros understand sometimes complex concepts.Our aim is for you to leave each episode thinking, "Ah, k. I get it now."The hosts are Chartered Accountants, and here is a little bit about them:Ash (Finance Data & Reporting Leader): Husband, dad, and strategic finance leader with more qualifications than letters in the alphabet.Hubert (Technical & ‘0 to 1’ Accounting leader): Husband, dad, and the technical finance leader with a passion for anything with engines.Kevin (Finance operations leader): Husband, dad, and champion of Aussie businesses, with expertise across finance and commercial disciplines.