A Deep Dive into Chimney Repair & Duct Cleaning Ventures" 🎄

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The New 1%

Timothy Douglas

790 episodes

3 days ago

Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...

Entrepreneurship

Business

RSS

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Entrepreneurship

Business

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A Deep Dive into Chimney Repair & Duct Cleaning Ventures" 🎄

The New 1%

6 minutes 51 seconds

1 year ago

A Deep Dive into Chimney Repair & Duct Cleaning Ventures" 🎄

🔥 Ready to make way for Santa Claus with your own Chimney Repair and Duct Cleaning business in Maryland? Explore the intricacies of acquiring a business with just a 10% down payment on an SBA loan! Dive into our latest episode for a detailed analysis of this unique opportunity. 🔥

🎧 Episode Highlights:

1️⃣ Red Flag Alert: "Employee-free Business" - Understand the challenges and opportunities of acquiring a business currently operating without employees. Is it a hidden gem or a cautionary tale?

2️⃣ Strengths Insight: "Evergreen Demand in Home Services" - Discover why the home service industry, particularly chimney repair and duct cleaning, remains a lucrative and stable market.

3️⃣ Employee Quality: "Attracting High-Caliber Talent" - Learn how the industry's fair pay can attract higher quality employees, a crucial factor in the success of your business.

💡 Financial Breakdown:

Purchase Price: $485,500
Your Down Payment: Approx. $48,550
Remaining Debt: Approx. $436,950
Estimated Cash Flow: $150k, with about $70k remaining after monthly payments of $6,650

👥 Consult Your Team: Bring your accountant, lawyer, equity partner, and due diligence expert into the conversation. Make a well-informed decision that could shape your future.

🍪 Embrace the opportunity to own a turnkey business like a Crumbl franchise. It's more than just a transaction; it's a strategic move towards entrepreneurship.

📲 Share this with aspiring entrepreneurs or anyone looking to dive into the home service industry.