Most operators dream about expansion. Landon French sold his own business to go execute one. This episode is the operator's playbook for turning a single reformer studio into a regional brand: the real estate underwriting, the unit economics, the presale strategy, and the green light that tells you it's time to sign the next lease. Today on The Owner Seat Podcast, host Albert Ramos sits down with Landon French, President of Lawless Pilates CO., and goes behind the build: How he underwrites a site before signing a lease, and what has to be true about rent, square footage, and marketWhy Lawless pre-sells founding memberships before the doors open, and how that cash de-risks every new locationThe number that has to hold at locations one through three before he commits to location four A'Lexus French started Lawless Pilates CO. at 21 with one reformer studio in Rapid City, South Dakota, built from a bank loan and 80-hour weeks. She built her own method, her own instructor training, and her own grading system so the Lawless experience holds up in any city. Seven months in, Landon sold his business and joined as President, owning real estate, site selection, lease deals, build-outs, and the math under each new location. Fourteen months after studio one, they opened Sioux Falls. This June they opened their third location in Omaha, Nebraska. Today Lawless runs six full-time staff and more than thirty instructors, with a vision to build across the Midwest. This episode is for fitness, wellness, and longevity owners, franchisees, and multi-unit operators who are tired of: Guessing on leases instead of underwriting themOpening new locations that drain cash instead of pre-selling itScaling a business that depends entirely on one personNot knowing what number actually says "go" on the next location Top topics we cover The bet: selling your own company to join a seven-month-old studio, and what the early numbers showedReal estate underwriting for boutique fitness: rent, square footage, and the market test before you say yesSecondary Midwest markets versus coastal metros: how Rapid City, Sioux Falls, and Omaha change the unit economicsRevenue mix that actually drives a studio: drop-ins, class packs, and membershipsFounding memberships and presale cash flow: de-risking a location before you teach a single classUtilization in a capacity-capped business: classes per week, seats per class, and the booking windowLosing nearly an entire team in year one and rebuilding in six weeks: protecting the model from single-manager risk How this episode helps you win If you're a single-studio owner: you'll learn what a repeatable method, in-house training, and a grading system make possible when you're ready to open door number two. If you're a multi-unit operator: you'll get Landon's underwriting framework for the next lease and the reporting cadence that lets him see every location's performance. If you're weighing acquisitions or outside capital: you'll hear how Lawless decides between cash flow, debt, and partners to fund the next opening. If you're a franchisor or emerging brand: you'll learn how a proprietary system keeps the customer experience consistent across instructors, managers, and markets. Work with Albert, Fractional CFO for Fitness and Wellness I'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-podcast Subscribe to The Owner Seat newsletter on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7288029005239267328 Website: https://www.StrategoIntel.com Connect with Albert on LinkedIn: https://www.linkedin.com/in/albertramosjr/ More from The Owner Seat New episodes every Monday and Friday at 8:00am CST. Full library: https://www.youtube.com/@TheOwnerSeatPodcast STRATEGO Intel: https://www.StrategoIntel.com