Let’s Buy a Business
John Wilson Buys the Family Plumbing Company + 5 More Acquisitions + 900% Revenue Growth
Nov 29, 2022
John Wilson, an entrepreneur with experience in buying and scaling plumbing companies, discusses buying his family's plumbing business, acquiring five additional companies, achieving over 900% revenue growth. Topics include valuations, doubling business through acquisitions, scaling past $3M with systems, challenges of being a second-generation company, benefits of acquiring service-based companies, expansion through launching handyman and restoration services, significance of advertising and acquiring customers, challenges and hiring strategies in the home services industry.
38:03
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Quick takeaways
- Growing a plumbing business through acquisitions and leveraging synergies in related industries.
- The challenges of hiring and training reliable technicians in the home services industry.
Deep dives
Acquiring and Growing Plumbing Companies
John Wilson, based in Ohio, shares his experience of buying and growing plumbing companies. He inherited his family's plumbing business and went on to acquire other similar companies and expand his portfolio. He discusses the challenges of running a second-generation plumbing company, including transitioning from one owner to another and integrating different business practices. Wilson emphasizes the importance of sales for growth in service-based companies and the need to hire and train the right people. He also mentions his interest in expanding into HVAC, damage remediation, landscaping, and water treatment businesses.
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