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Boring Businesses
He Bought a $250k Business for just $1,000 Down - Johnny Robinson
Sep 25, 2024
Johnny Robinson, an expert on the home cleaning business model, shares his incredible journey of acquiring a $250k/year cleaning company for just $1,000 down. He discusses the economics behind starting a cleaning business and offers insights into building referral partnerships. Johnny explains how to effectively hire reliable cleaners and leverage social media for growth. He also dives into his education business that generated $2.8 million in just nine months, revealing strategies to teach others about the cleaning industry.
55:42
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Quick takeaways
- Johnny Robinson utilized a creative deal structure to purchase a $250k/year business for only $1,000 down, showcasing innovation in acquisition strategies.
- The duo emphasized the significance of building referral partnerships with local cleaning companies to increase job opportunities and customer inquiries.
Deep dives
The Genesis of a Cleaning Business
The cleaning business was born out of necessity when the hosts, having just graduated, faced struggles to find stable jobs. After dismissing a low-pay window cleaning idea pitched at a gas station, they discovered the potential of a more profitable residential window cleaning market. With an initial investment of only $150, they started door-to-door marketing, cleaning windows for local businesses. Their early efforts led to getting a deal with a donut shop that compensated them with donuts instead of cash, highlighting their determination and the serendipity of their first wins.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode