Cory Gregory projects Corygfitness.com will reach $1M+ in 2016 revenue
Corey McGregor · EP 385: 1,000's Pay Him $9/mo for Fitness Membership Site with Cory Gregory of Corygfitness.com · Aug 13, 2016 · at 14:35
Cory Gregory discusses his 2016 revenue target for Corygfitness.com with host Nathan Latka.
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“It's a million dollar business or plus. I mean, that's the plan for sure.”
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MusclePharm generated $500M in cumulative sales over seven years
“Muscle Farm has sold about five hundred million in products total since inception in about seven years, and since I walked away from being an executive there, I started on this”
Cory Gregory retains approximately 3% equity in MusclePharm following dilution
“So I think all in now it's probably about three percent after we diluted it down to raise capital.”
MusclePharm raised $35M to $40M total capital before Gregory's departure
“Only about, I think, three million at that point. Okay. But total all in, we raised between 35 and forty million by the time I left, roughly.”
MusclePharm reached 40,000 retail doors across 100 countries in distribution
“Dude, we had like, and still do like 40,000 doors. I mean, a hundred countries in distribution.”
Cory Gregory's Old School Gym produces six-figure cash flow without employees
“I think we did about maybe 60,000 dollars In profit from the gym itself and another maybe 60 or 70,000 dollars from the clothing too. So we do, so it's a six-figure cash flow business, key card facility, no, no employees, very, very basic model.”