The Owner Seat

Albert Ramos

The Owner Seat (formerly The Valisights Podcast) is where fitness & wellness owners step out of the whirlwind and into the numbers. Host Albert Ramos, Fractional CFO for fitness & wellness brands, sits down with studio owners, franchisors, and finance leaders to break down cash flow, unit economics, and the messy middle of growth. Book a call with Albert Ramos: https://calendly.com/albertramosjr-strategointel/30min

  1. From One Studio to an Eight-Figure Exit: What I Learned Building, Scaling, & Selling a Business

    2d ago

    From One Studio to an Eight-Figure Exit: What I Learned Building, Scaling, & Selling a Business

    Most operators think they're building a business. The best ones are building an asset. This episode is the difference between the two, told by someone who scaled to 40 locations and sold to private equity twice before she had fully separated which one she'd built. If you run a fitness, wellness, or longevity brand and you've never stopped to ask whether your company could survive without you, this is the conversation that forces the question.Today on The Owner Seat Podcast, host Albert Ramos sits down with Kristie Shifflette, the founder who built the Orangetheory Fitness Area Developer platform OT Growth Partners from a single studio into a 40-location enterprise, and goes behind the climb:How she funded location one with a $700K SBA loan and a personal guarantee, then funded the rest from cash flow instead of outside capitalWhy she turned down the highest offer on the table in 2018, and what a retrade setup actually looks like from the insideThe Founder Absorption Effect she lived through, where the business you build to create freedom quietly becomes the thing that owns youKristie Shifflette is the Founder and CEO of OT Growth Partners, the Orangetheory Fitness Area Developer platform she launched from a single studio in North Carolina in 2013. She grew it to 40 locations across North Carolina, Indiana, and Iowa with more than 500 employees. By the time she was running ten studios, her locations averaged $1.5M in annual revenue at a 40 percent net margin. In 2018 she went to market with 13 owned locations, sold 70 percent to Kian Capital, rolled 30 percent into the new entity, and went straight back to work running acquisitions toward a full exit. Today she's a Restore Hyper Wellness franchise owner in the Raleigh-Durham market and Founding CEO of PrismLife, a health innovation company built around Food as Medicine and functional nutrition for kids, young athletes, and families.This episode is for fitness, wellness, and longevity owners, franchisees, and multi-unit operators who are tired of:Running hard with no idea whether they're building equity or just buying themselves a jobHearing the highlight reel from people who sold, and never the real cost of the climbGuessing at what a PE process looks like until they're already across the table mid-dealAdding location count while unit economics quietly erode underneath themTop topics we coverThe single-studio start: a $700K SBA loan, a personal guarantee, and profitability inside 90 days using the Orangetheory 12-week presaleThe path from location three to location ten that produced $1.5M average revenue and 40 percent net marginsThe 2018 Kian Capital recapitalization: 15 to 20 buyer meetings, the offer she walked away from, and the $1M she negotiated back into the dealLife inside a PE-backed company: reporting cadence, financial discipline, and the autonomy you trade away when you stay on as operatorThe Founder Absorption Effect, and the moment that snapped her out of itBuilding again with PrismLife, this time with the operator awareness she didn't have the first timeHow this episode helps you winIf you're a single-studio owner: you'll hear how the terms of your first deal are set years early, inside the unit economics you build or ignore today.If you're a multi-unit operator: you'll see what breaks between 13 and 40 locations so you can build ahead of it instead of paying to fix it after the fact.If you're weighing acquisitions or outside capital: you'll learn how to spot a retrade, hold your number, and separate the emotional weight of a sale from the financial logic.If you're a franchisor or emerging brand: you'll get the franchisee's real view of the relationship from someone who built and exited a 40-unit platform before sitting on the other side of it.Work with Albert, Fractional CFO for Fitness and WellnessI'm Albert Ramos, Founder of STRATEGO Intel Consulting and host of The Owner Seat. 16+ years of P&L ownership at Life Time Inc. (NYSE: LTH), Gold's Gym, and 24 Hour Fitness. I help fitness, wellness, and longevity brands ($500K to $30M) build cash visibility, unit economics, pricing and utilization models, and capital planning so every decision is clean and defensible.Book a CFO Strategy Call: https://calendly.com/albertramosjr-strategointel/youtube-podcastSubscribe to The Owner Seat newsletter on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7288029005239267328Website: https://www.StrategoIntel.comConnect with Albert on LinkedIn: https://www.linkedin.com/in/albertramosjr/More from The Owner SeatNew episodes every Monday and Friday at 8:00am CST.Full library: https://www.youtube.com/@TheOwnerSeatPodcastSTRATEGO Intel: https://www.StrategoIntel.com

    59 min
  2. The Truth About Scaling Fitness & Beauty Chains with Julian Barnes | The Owner Seat

    Jun 15

    The Truth About Scaling Fitness & Beauty Chains with Julian Barnes | The Owner Seat

    The same habits that build a fitness or wellness brand are usually the ones that cap it. The founder becomes the system, every decision routes through one person, and growth stalls right when it should compound. This episode is about how to scale a multi-location brand without becoming the bottleneck, with an advisor who has spent eight-plus years in closed-door rooms watching exactly where it breaks and what buyers do once a brand goes to market.Today on The Owner Seat Podcast, host Albert Ramos sits down with Julian Barnes, Co-Founder and CEO of The BFS Network and one of the most connected advisors to founder-led fitness, wellness, and beauty brands, and goes behind the operator seat:Why founders almost always become the bottleneck at multi-location scale, and where it hits hardest between three, ten, and twenty locationsThe leadership transition from operator to enterprise CEO that almost nobody prepares forWhat private equity and strategic buyers actually pressure-test first when a brand goes to marketJulian Barnes is the Co-Founder and CEO of The BFS Network, a peer intelligence network with proprietary benchmarking data and member-only forums for growth-stage fitness, wellness, and beauty operators. His path is not the usual one. He holds a JD from UNC School of Law, served as COO of MELT Method, founded and ran the NYU Institute in Entrepreneurship and Small Business Management, taught fitness marketing and management at the Swedish Institute College of Health Sciences, and sat on the USTA Investment Committee managing a $200 million portfolio. He now serves as Managing Director of the Global Leadership Council for Salons, Spas & MedSpas and sits on the board of the Tufts Friedman School of Nutrition Science and Policy. For more than eight years he has sat in closed-door rooms with founder-CEOs of $2M to $50M-plus multi-location brands working to scale without breaking what made them valuable.This episode is for fitness, wellness, and longevity owners, franchisees, and multi-unit operators who are tired of:Being the system every decision has to pass throughHearing the right diagnosis in a ballroom with 500 people, then flying home to solve it aloneWatching margin bleed somewhere in the business without knowing exactly whereGuessing at what a buyer will value until they're already in diligenceTop topics we coverThe founder as bottleneck: why the habits that build the business become the ceiling, and where it shows up firstOperator seat versus enterprise seat: the most expensive decision a founder makes before they make the switchPeer rooms that create value versus ones that turn into group therapy, and what to bring to make them workOutside advisors, peer networks, fractional CFOs, and executive coaches: when each is the right tool and when operators reach for the wrong oneExit readiness: what acquirers pressure-test first, what kills deals in diligence, and what premium-multiple brands have in common 12 to 24 months outWhere fitness, wellness, beauty, and healthcare are converging, and who gets squeezed when the underlying systems can't talk to each otherHow this episode helps you winIf you're a single-studio owner: you'll spot the founder-as-bottleneck trap early enough to build around it before it caps your growth.If you're a multi-unit operator: you'll learn what breaks between three, ten, and twenty locations and how to make the operator-to-enterprise shift before it costs you.If you're weighing acquisitions or outside capital: you'll hear what buyers pressure-test first, what kills deals in diligence, and the moves that make a brand sellable on command.If you're a franchisor or emerging brand: you'll get a read on where the fitness, wellness, and beauty category is heading and which model is positioned to win the next decade.Work with Albert, Fractional CFO for Fitness and WellnessI'm Albert Ramos, Founder of STRATEGO Intel Consulting and host of The Owner Seat. 16+ years of P&L ownership at Life Time Inc. (NYSE: LTH), Gold's Gym, and 24 Hour Fitness. I help fitness, wellness, and longevity brands ($500K to $30M) build cash visibility, unit economics, pricing and utilization models, and capital planning so every decision is clean and defensible.Book a CFO Strategy Call: https://calendly.com/albertramosjr-strategointel/youtube-podcastSubscribe to The Owner Seat newsletter on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7288029005239267328Website: https://www.StrategoIntel.comConnect with Albert on LinkedIn: https://www.linkedin.com/in/albertramosjr/More from The Owner SeatNew episodes every Monday and Friday at 8:00am CST.Full library: https://www.youtube.com/@TheOwnerSeatPodcastSTRATEGO Intel: https://www.StrategoIntel.com

    54 min
  3. GameChanger Fitness: Lessons From Private Equity | Joe Meglio | The Owner Seat Podcast

    May 4

    GameChanger Fitness: Lessons From Private Equity | Joe Meglio | The Owner Seat Podcast

    In this episode of The Owner Seat, Albert Ramos sits down with Joe Meglio — Founder & CEO of GameChanger Fitness, Inc. 5000 honoree (2025), and former strength coach at Underground Strength Gym. Joe started GameChanger in 2013 in a 600 square foot baseball facility in New Jersey. Today the brand operates 16 locations across New Jersey and Maryland, with Wayne NJ in presale and two new studios — Montclair and Hillsborough — grand opened in March. GameChanger hit the Inc. 5000 in 2025 on the back of 125% three-year revenue growth, and the unit economics — roughly 40% 4-wall EBITDA margins, a 150-member cap per studio, and a 1,400 to 2,000 square foot footprint — are now drawing active interest from private equity and family office capital. If you're a single-unit operator, a multi-unit founder, or a franchisor in fitness or wellness, this conversation is the playbook most operators learn the hard way: scaling from 1 to 16, building a HoldCo, the moment finance stops being a scoreboard and starts being the steering wheel, what institutional investors actually evaluate, and the KPI rhythms that hold up at scale. This one is sharp, honest, and finance-heavy where it counts. 🔍 In this episode, we cover: - How Joe scaled GameChanger from a 600 square foot baseball facility to 16 locations across two states - Why personalized strength training for busy adults over 40 is the winning avatar — and what it cost to stay disciplined about it - The real cost of going from 1 to 3 locations — financial, operational, and personal - Why Joe moved from an operating-partner structure to a HoldCo model where he owns locations outright - What makes a market GameChanger-ready versus a market to walk away from - The finance education that turned GameChanger from a scoreboard into a steering wheel — 4-wall EBITDA, HoldCo economics, owner distributions, and debt service - The finance mistakes that cost real money in the early days — and what every single-unit operator should fix before they try to scale - What private equity and family office investors actually evaluate when they look at a fitness brand - The framework Joe is using to weigh debt-accelerated vs. equity-accelerated vs. organic growth Work with Albert – Fractional CFO for Fitness, Wellness & Franchise Brands I'm Albert Ramos, Fractional CFO and Founder of Stratego Intel Consulting. I help fitness, wellness, and franchise brands ($1M–$30M+) fix messy multi-location books, build 13-week cash visibility, and prove unit economics for every studio, territory, and brand. 👉 Book a CFO Strategy Call If you want CFO-level clarity on your numbers: https://calendly.com/albertramosjr-strategointel/youtube-podcast 📘 Free Resource – Stratego CFO Playbook (Fitness & Wellness) Get the exact framework I use with owners and franchisors: 13-week cash flow structure Location-level unit economics template Core KPI dashboard for studios & franchise systems "Owner Seat" finance rhythm you can actually run every week 🔗 Download the free Stratego CFO Playbook: https://forms.gle/M9QSgEz9VqiqkHVv6 🎙 More from The Owner Seat The Owner Seat is where fitness, wellness & HALO owners talk cash flow, growth, and the messy middle — without the fluff. New episodes every Monday & Friday at 8:00 AM CST. Subscribe to the channel: /@theownerseatpodcast Binge past episodes: operator deep dives, franchise stories, and real P&L conversations 📧 Stay in the Owner Seat (Newsletter) Get weekly breakdowns on: Fitness & wellness unit economics Cash flow and multi-location scaling AI-powered finance workflows for operators and franchisors 🔗 Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7288029005239267328 🌐 Learn More Fractional CFO services (Stratego): https://www.StrategoIntel.com Connect with Albert on LinkedIn: https://www.linkedin.com/in/albertramosjr/ #FractionalCFO #FitnessFinance #WellnessBusiness #GymOwners #StrengthTraining #BoutiqueFitness

    54 min
  4. Fitura Brands: The New 3-Concept Franchise Everyone Is Talking About | James Hurlock | The Owner Seat

    Apr 27

    Fitura Brands: The New 3-Concept Franchise Everyone Is Talking About | James Hurlock | The Owner Seat

    This episode is a blueprint for where fitness is actually going — and why the next winners won't be single-modality studios. We break down the ecosystem model (sport + strength + recovery under one roof), the unit economics and real estate logic behind multi-concept buildouts, and what a serious franchisee or area developer needs to bring to the table before claiming founding territory. If you're watching the industry consolidate and wondering how to position for 2026 and beyond, this one is required listening. Today on The Owner Seat Podcast, host Albert Ramos sits down with one of the most experienced brand builders in global fitness franchising — and goes inside the thesis that's quietly redrawing the boutique fitness map: Single-concept is getting crowded. The next era is integrated ecosystems. And the real game is utilization, revenue diversification, and real estate leverage — not another studio on another corner. My guest is James Hurlock — Founder & CEO of Fitura Brands, former Chief Brand Officer of The Picklr, former Chief Partnerships Officer at F45 Training, and founding CEO of FS8. James has operated at the top of franchise brand building globally, and Fitura is his answer to what he's seen break in the industry: fragmentation. Fitura is a multi-brand HoldCo platform with three complementary concepts that stand alone or integrate together — Padel SWT (premium indoor padel + lifestyle), Core Precinct (athletic reformer training), and ContrasTheory (structured contrast recovery). The thesis: one connected destination that drives utilization across every hour of the day, diversifies revenue inside a single footprint, and unlocks real estate performance that single-concept franchises simply can't match. This episode is for fitness + wellness founders, franchisors, franchisees, and area developers who are tired of: Single-concept bets in a market that's getting saturated"Recovery" treated as a spa add-on instead of a real revenue pillarReal estate deals that only pencil if the studio is full from 5–8 AMFranchise pitches with no honest unit economics or payback math"Pilates as usual" when the consumer has moved on to performance-coded reformerOperators trying to bolt concepts together without the design, programming, or ops integration to make it actually work Top topics we cover 1) Why Fitura is a HoldCo, not a single brand James unpacks the real cost of industry fragmentation — sport, strength, and recovery living in silos — and why a multi-brand platform gives operators leverage that no single concept can deliver. 2) The three concepts, the one destination A tight breakdown of Padel SWT, Core Precinct, and ContrasTheory — who each one is built for, how they differentiate from "the obvious comp," and why the bundle works better than the sum of the parts. 3) Unit economics + real estate performance (the CFO lens) This is where operators lean in. James walks through buildout cost, payback period, and operating margin targets across the three concepts — and the assumptions that must hold for those numbers to survive contact with the real world. Different square footage profiles across brands give Fitura operators flexibility to lease faster and turn underutilized space into revenue. 4) The white space — and where most operators get integration wrong Plenty of operators have tried to mix modalities. Most have failed. James explains where the integration breaks (design, programming fidelity, recovery ops, staffing) and why Fitura is engineered differently from day one. 5) Becoming a Fitura franchisee — what "non-negotiable" actually means If you're raising your hand for founding territory, James is direct about what he's looking for: the operator profile, the liquidity and working capital floor, whether to start with one concept or deploy the full ecosystem, and the biggest year-one execution risks — presale, utilization, programming fidelity, and recovery operations. How this episode helps you win If you're a prospective franchisee or area developer: You'll leave with a clear picture of what Fitura is looking for, how to sequence your first concept vs. the full ecosystem, and exactly what to do in the next 30 days if you want to claim founding territory. If you're a current boutique fitness operator: You'll get a framework for thinking about utilization across the full day — not just peak hours — and how to add revenue streams without diluting your core. If you're a franchisor or emerging brand: You'll hear from someone who's built brand at The Picklr, F45, and FS8 — and is now applying every lesson to a multi-concept platform. This is the playbook for scaling without losing design, standards, or economics. If you're a multi-unit operator thinking about real estate: You'll walk away with a new lens on square footage strategy, lease leverage, and how ecosystem buildouts perform against single-concept comps. 📊 Work with Albert — Fractional CFO for Fitness & Wellness I'm Albert Ramos, Fractional CFO + Founder at Stratego Intel Consulting. I help fitness, wellness, and franchise brands ($500K–$30M) build cash visibility, unit economics, pricing + utilization models, buildout planning, and capital strategy — so every decision is clean, defensible, and PE-grade. Book a CFO Strategy Call (Albert): https://calendly.com/albertramosjr-strategointel/youtube-podcast Free Stratego CFO Playbook: https://bit.ly/owner-seat-cfo-playbook Subscribe to The Owner Seat Newsletter on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7288029005239267328 🎙 More from The Owner Seat New episodes drop every Monday & Friday at 8:00 AM CST. Stratego Intel: https://www.StrategoIntel.com Connect with Albert on LinkedIn: /albertramosjr

    47 min

About

The Owner Seat (formerly The Valisights Podcast) is where fitness & wellness owners step out of the whirlwind and into the numbers. Host Albert Ramos, Fractional CFO for fitness & wellness brands, sits down with studio owners, franchisors, and finance leaders to break down cash flow, unit economics, and the messy middle of growth. Book a call with Albert Ramos: https://calendly.com/albertramosjr-strategointel/30min