Solidcore

“And then finally, after 10 years, she eventually has sold the whole business for something like two hundred fifty million dollars. And across all of the rounds, she had taken off the table something like ninety million dollars.”

“In 2024, the projected to do a hundred and fifty million in revenue. And fifty million in profit.”

“Well, the first, it was more than that because that was the first studio's revenue. And then in the first year, you know, I had five of these open.”

“Yeah, a little, little more than that, but yeah and that was last, last April, I got, I sold all my shares.”

“Oh, I like, we literally did over a hundred grand in the first month.”

“The valuation was, like, close to sixty million.”

“I had to pay a licensing fee of 25,000 dollars just to open the studio.”

“For all intents and purposes, he had to buy back his machines from me and we agreed to never talk again, which we haven't.”

“I did a minority deal in 2017. So the business was four years old at that point, and we had 27 locations on an annualized basis. Each one of those studios was doing about 700 grand.”

“I think we pay higher than any other fitness organization. Our coaches on a per class basis, like there are coaches who make over 300 bucks a class. Because we've always done a revenue share model, and I have just never believed, Sam, that it has to be a zero …”

“Larry, here comes Larry again from back on my feet. And he's like, and listen, I'll give you 75 grand for 30% of the business. If you don't want to use all your capital, like, listen, you grew this nonprofit. I know you're going to be successful.”

“No, which is why I put a long-term incentive plan in place for them. A profit sharing plan when I sold the business, and everybody got paid. Every full-time employee who had been with SolarCore for a year got paid on that last transaction, and they're going to…”

“I've got this friend named Anne and started this company called solid core, which is like a Pilates business that she sold for hundreds of millions of dollars.”