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Prepping for fourth acquisition this year, closing in a few weeks.
We fully skipped the $30M’s, now mid 40s - solidly 8fig EBITDA.
Under 1x debt.
Still bootstrapped.
You can just do things.
John Wilson
13.2K posts
John Wilson
@WilsonCompanies
Building a $100m Home Service Co. Host of Top 150 Business Pod @ownedxoperated
- Twitter: Person managing $500 million business has 23 followers and no profile pic LinkedIn: Person who never does any work has 150,000 followers and 10,000 likes per post
- Stories I want to hear more of: People who were successful that had good relationships with their kids, healthy marriages and never missed a game.
- Replying to @FranchiseMnA“I intentionally chose the market loser and was surprised they weren’t good”
- This is a very long thread. @SamtLeslie asked to give the playbook for service companies so here it is. Follow it and you’ll get to 5M+ in a few years. This is pure operations playbook. No leadership, financial or HR discussion. Enjoy.
- This listing is so stupid. A $1.83M rev HVAC company could easily be 3 full time employees, no office staff, no systems and could be built in like 12 months. I’ve seen it done - someone tried to sell me one last year they got to 1.9 in 16 months and offload it for $2M.
- Most people can buy a $300,000 SDE business and change their life but they have no idea what those ops look like. Well grab a coffee, kick your feet up, and let me show you.
- What’s the best cashflowing business you’ve ever seen?
- Guys, let me save you a lot of trouble. Don’t open a coffee shop.
- Over the past few months I’ve substantially reduced my alcohol intake. I’ve gone from 6-8 drinks a week down to 2. No difference in sleep, weight, appearance or feeling. Bummed out! All the anti-booze folks say I should be walking on water by now.
- There are a thousand ways to structure a holding company. Our HoldCo has a portfolio of 5 home service businesses with 120+ team members. Here’s how we structure our holdco:
- I have never been asked by a business partner, bank, acquisition target, or team member where I went to college. Tens of millions in revenue, Millions in deals, millions in lending. Nobody cares.
- We serve around 42,000 homes a year. Very rarely, we accidentally schedule three neighbors at the same exact moment! Captured on film!
- This truck costs about 250k and I have 5 of them. They each pump and haul around 12000 gallons of sewage a day. I think that’s hilarious.
