Home Service Business Model Non-Franchise [Home Maintenance in Home Service Industry]

Home Service Business Model Non-Franchise [Home Maintenance in Home Service Industry]

In this episode, Beau talks with Daniel Felt about a non-franchise home maintenance business model in the lucrative home service industry.

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Daniel discusses his home service business model, focusing on home maintenance in the recession-resilient home service industry.
- The model involves a 33-point inspection and maintenance routine for properties, offering a recurring revenue stream.
- The business can be operated as either an owner-operator or by someone looking for a semi-passive business opportunity with the option to hire technicians.
- The company prefers to hire technicians with minimal experience and provides comprehensive training and documentation.
- Initial startup costs for the business can range from around $75,000 to higher amounts depending on preferences and financing options.

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Timestamps:
(00:02) - Introduction and discussion of Daniel Felt's Home Service Business Model.
(01:36) - Exploring the options for operating the business, including owner-operators and those looking for a semi-passive role.
(02:54) - The hiring process even those with minimal experience.
(05:02) - Home Service Business Model training process with technicians
(06:38) - Startup costs and equipment requirements for the business.
(09:45) - Emphasis on finding customers through word of mouth and referrals.
(11:08) - Setting goals for the first year of opening the business and achieving profitability.
(16:19) - Discussion on training and scaling the business, including hiring additional technicians.
(22:26) - Exploring the possibility of running the business from a garage.
(28:45) - Commission structure for technicians and incentives for upselling.
(31:49) - Importance of continuous learning and avoiding costly mistakes.
(34:40) - Expanding the business to different markets and the potential for success.
(35:36) - Where to go to find out more about Daniel

💥 Thanks for watching 💥
#HomeMaintenanceBusiness #franchiseopportunities #businessopportunities

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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