He makes $480k a month? No, his revenue is $480k, we have no idea what’s his NET profit. More than likely 10%. So, like $580k for the entire year before taxes and $380k after tax. Probably $32k a month clean for the business. That’s more accurate
Lawn care business. Is a business that you build to sell. That’s why he wants to franchise it because there’s no money and mowing lawns because your Joe with a pick up truck will do it for $20. The average poor person is fine with working a 14 hour day and only clearing 150 bucks for the day. So you have to sell the business to actually get any money so you rack up a bunch of customers and then that’s what the value is. It’s basically McDonald’s.
One van makes $2,250 revenue per day. He has 35 vans. $480k profit/month (not revenue) sounds about right to me. Revenue is much, much higher by my numbers.
The description says he does $5.8 million a year in revenue. Being in Ohio they are applying fertilizer and spraying weeds for around 9 months out of the year. Winter stops them from working in this field. 9 months working would be $644k a month gross. Which is $32k a day for 5 day work weeks. And divide that by 35 trucks he is doing $920 or so a day per truck/guy. His biggest overhead items are going to be labor, fuel, fertilizer and insurance. $920/day is a good gross amount for each guy in that area of the country and should leave them with a decent amount of profit. At $5.8million gross they are making a little over $1.2million in profit a year if you say is margin is 22%.
This boss took out a loan on his home and built an empire whilst most Americans do it for extravagant vacations and useless big trucks. Kudos to this man 👏🏾🇺🇸🔥
"Makes" such a click bait title. Nobody talks about Net Profit which is the only metric that matters at the end of the day. I could MAKE $5 million a year and have 4.9 million in expenses but nobody clicks on those videos.
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I quitted my job because I wanted to be able to call my own shots and be in control of my own destiny. So early this year I registered my business, hired a grant writer that matched me with grantors here in Massachusetts and they were able to secured $89k startup grant for my business. Every entrepreneur's journey is unique, so don't be afraid to chart your own path and make decisions that align with your vision and values.
The more of these videos I see the insane I feel the US is. In the UK no one is ever paying more than £200/month for lawn care and that is in wealthy areas with dumb money. That is rarely the case here. More money often equates to more ego everywhere, expect in the UK that ego comes with understanding of value most of the time. You’d be lucky to get £100/month for repeat business. This is not possible. One man would be lucky to maybe make £6-5k/monthly and that is a far cry from $480k/month.
That's so smart he uses aerial photography for quotes! I've worked at a company that used Google Earth for measurements which we would use to make simple 3D models of buildings/stadiums, then engineer them for cell service. Google Earth is fairly low detail though, I'm sure this company uses a much higher quality service, in fact they might have even hired the company my brother used to fly for! It's just a small aircraft with really expensive cameras. It's wild how many unique jobs are out there that we never hear about.
This guy knows his numbers. Great manager by data. I’m guessing he has hired out marketing and other functions so he’s not stuffing envelopes at his kitchen table.
I'm curious if he's ever considered an incentive program for his employee's to help retain customers, like every time a customer returns, the employee gets an extra +1% of the sale, building up to 10% for the remainder of that customer's 'lifespan'. Doesn't sound like he needs it, but would be nice both for the employees and customers + testimonials.
We absolutely use incentive programs for quality and retention. We call it “TIP”, technician incentive program that pays for several quality key performance indicators.
Where is the link to the offer to join the franchise, please? There was a nice discount mentioned in the video. Planning on starting in California Thanks
This isn’t really relevant to the present- marketing and business cost/marlketing strategies have changed a lot since then ….nothing is constant and what worked then wont work now surely….business growth and supply demand has shifted hugely too.
All of these get rich videos are hilarious. I wish it was that easy but you leave out the 24/7 work, late nights and if you have a family, the toll it takes on them. Yes you can get rich BUT many times a large price will be paid first.
No doubt requires work ethic, but having a plan and working that plan requires discipline. I never missed any of my 3 kids events, coached high school basketball for 26 years and remained happily married to this day!❤
What part of get Rich quick did you get when the guy took a loan out on his house? It takes a toll on your family too when you can't pay your bills, and your family can't afford groceries or insurance. And your wife has to go get a job and she can't raise your kids. Guess you have to pick your hard
Lawn chemical application is a CUT THROAT business, with hundreds of competitors fighting to screw homeowners. For $100, and 40mins of time.. you can spread product on your own lawn, instead of paying these clowns thousands.
Fun fact: Lawns are a European Aristrocrat thing. There are much much better ground covers than lawn. Lawn itself is a terrible plant. It needs a ton of care and the fertilizer runoff is wrecking havoc in nature. But like everything, it's a business these days and you are a customer if you use it.
@@christianstewart4449 It was 2001 as he said in the video. He tried telemarketing which failed, so now spends 50% of his budget on Direct Mail. I don't think he broke down exactly hwo the $50k was spent in 2001.
@christianstewart4449 He spent the 50k when he first started the business, not in 2021. He started 23 years ago. I believe he said Direct Marketing (postcards).
The best leads are the ones that call you when they need it. So, the key is to get your contact information to them at a point when they can see the need.
Great video. Great demo. Keep the name. "Geek squad"^ Ditch mail and double down for online. Save some trees. Your service will grow either way. Control the yard.
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I would never pay 100% up front for work. These people don't even offer mowing services. And how much is all the startup and yearly fees? It easier and cheaper to go at it alone, without a franchise.
I probably missed something but the thumbnail says $400k per van. He has 35 vans and did $10M/last year which is $285k/van. That's still great just confused on where the $400k/van came from?
@@Syn410UpFlip chat a lot of shit in their content and sensationalise these businesses. I’m convinced you pay them to get on the channel and they utilise it as some sort of marketing option for the business in question.
Some vans doing more than 400k, while others doing 200+. Averaging around 300k per van. Fluctuation has more to do with average lawn size and pricing. All very healthy ROI!!
I did not hear any mention of licensing. Which is very important in the majority of our states. You MUST take the approved training courses from the state and obtain your applicators license. At any moment while working someone can come by and ask you for your applicators license and if you are unable to provide one you can be reported to the state and those are BIG fines if you are applying weed control/fertilizer/bug control without a license. A couple insurance companies also require all the applicators license no. from employees as well as the registered business license no. from the state before providing you with a policy
@@ospears6276 I never said he didn't. My comment was meant for the people who are looking into starting this type of business. It is very easy to go bankrupt before you even get going if you do not have the licensing from the state.
@@robertpalmer1934I was wondering what your state requires, I believe in Florida we have to work for somebody for 2 to 3 years to get the license and then they have to sign off on you
Bad debt is bad.. Good debt is good.. Imagine the bank gives you 20 grand and with that 20 grand you make 20 grand a year.. The key 🔑 is you can’t spend it on anything other than work..
