He Took Over A Commercial Gym And Says It's Been A 'Nightmare.' 'All Of The Passive Income Slop Somehow Seeped Into Me'

Core Insights - The new owner of a long-running commercial gym believed he found a favorable business opportunity, but his experience turned out to be challenging and filled with unexpected issues [1][2]. Group 1: Business Acquisition Challenges - The gym's previous owners were embroiled in internal disputes, which the new owner initially thought were personal conflicts rather than indicative of deeper business problems [3]. - The new owner acknowledged a lack of experience in the gym industry and recognized that his ambition and the allure of a good deal clouded his judgment [5]. Group 2: Equipment and Operational Issues - The new owner faced significant problems with equipment, having purchased refurbished cardio machines that came with broken promises regarding warranties, leading to costly repairs [6][7]. - The owner underestimated the costs associated with a gym billing company, which ended up charging nearly 10% of revenue instead of the anticipated 5% due to hidden fees [8]. Group 3: Staffing and Management Problems - The hiring of a gym manager turned problematic as the new owner discovered that the individual had misrepresented their experience, leading to further operational difficulties [8].