{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":300,"width":600,"title":"HALO Academy Two Minute Financial Drills: The Three Strategic Buyers Circling Independent Operators Right Now","description":"It's Thursday and that means a 2 Minute Financial Drill! Now that we're slowly creeping into the fall and the pending restart of the HALO Academy in a new format (more on that later) keep an eye out for these.  This one is clipped from&amp;nbsp;Pete Moore's panel with Brian Smith at Piper Sandler at this past Athletech News ATN Summit in NYC.  \u25cf PureGym US, Crunch area developers, and Planet Fitness area developers are the three strategic buyers actively circling independent clubs right now.  \u25cf These buyers are contractually obligated, through franchise development milestones, to open in a market whether or not an independent operator agrees to sell.  \u25cf Irrational development, i.e. overclubbing a market, is described as the biggest risk to profitability for independent operators and investors alike.  \u25cf If a strategic buyer reaches out, engaging is recommended over ignoring the outreach, since they will build around an operator who doesn't transact. ","author_name":"HALO Talks: Elevating Wellness","author_url":"https:\/\/www.halotalks.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42423210\/height\/300\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"300\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/205063685"}