@@jameyjeffords5631 You roof for 10-15-20 years, learn the trade, and then start a business and then sometime after that you hire people to do the work for you. This is how you make real money in trades
You're relying way too much on Mitchell for the commercial roofing business. I strongly suggest you get key-man life insurance and disability insurance on Mitchell and Matt immediately. I also recommend you source a general manager for your commercial roofing business. You can't run that business and run the rest of your business enterprise.
Perhaps you should expand into snow removal/snow services over the winter or something wintery for the crew like contracted HOA snow removal for blocks. Relatively inexpensive and always a need by customers, maybe tell clients currently your service etc.
You've assumed a lot of personal risk here and apparently are looking for more. I wish you the best, but I think you've got a bunch of sleepless nights ahead of you. LOL
Dont just go full investor mode because soemthing looks good on paper. Take a year or 2 and go alll in on roofing before you even thing about anything else.
I'm always interested in what compels people to be landlords or business owners of people's previous business model. Not to draw a line between the two. Like, I enjoy how he goes to them and not calls them into his office. Watching management function is a new niche for me.
Yeah I've hung around some really Stellar people over the past four or five years and I really appreciate your leadership models I'm just hoping that I can do a good job here.
If you’re selling diesel at the pump, check out the new DEF dispenser pumps. And. Add a charging station. Make sure the charger is listed on all the websites associated with every brand of EV,,, People charging their car, buy goodies from your convenience store.
The roofing business scares me for you. I’ve been a general contractor for over 20 years, this is a different beast from your other business. When things go good, they print money, when they go bad, it’s fast and hard. All labor based, tons of management and liability, lots of moving parts, competition, and in today’s world, finding/keeping good workers is incredibly difficult. Good luck with it my friend.
@@ajtoofer every decent business has stable income, construction/home service businesses are no different, except that it’s even less of a problem in that industry because it’s almost always booming. There are not enough workers, and the workers know that. And the labor pool is very, very subpar in general. It’s been a massive problem for the last 30 or so years and it is only getting worse.
Yeah pretty much this is one of the reasons I went with a union firm they have a much better labor Supply than most other people. And then I can use these videos to get people hooked in as a process with the union and give them an alternative to a college education. I absolutely hate the fact that I grew up in a world that I did not know that this was even a potential. I was told that only idiots do not attend college so for a while I just assumed I was an idiot. Meanwhile I meet people who got into the skilled trades Blow Away many of my friends with a college degree
That's kind of where I'm trying to go with things I Pony up the money and buy the business and then find someone who wants to own the business in the future and they come work for a set number of years, then get the biz.
@@InvestmentJoy i live down the street from there as well. have always been intrested in looking at that gas station. always wondered how in the world it didnt make it.
there could be a lot of reasons. Owners are getting old and want to cash out. Someone took over and ran it into the ground, common with owners that pass it on to their children and they just let it go to shit. Some find a good deal on something and want to cash out to move on to other ventures. Hell it could even be debt from a gambling habit or nose powder. Or it could just be the place is shit and no one wants to go there.
How many are up for sale? There's 431 laundromats on BizBuySell (Largest business marketplace). There's 21,500+ total laundromats in the US. Meaning a grand total of 2% of laundromats are available for purchase. 2% doesn't seem like alot to me, does it to you?
you have skilled labor. for the winter, try professional outdoor light decoration. there are pro lights that are much better than the ones you get at the local stores which could be something you get upfront or get over time. outside of light decorations, just outside holiday decoration in general could work. get some plywood, paint, foam and get creative on what would work. if someone can paint windows that could be added to the outdoor decoration. with the roofs, if you're doing residential, then have someone knock on the neighbors and/or put out fliers before the work is started and while it's going. I'm sure you know it's better to have a few roofs in an area than just one. and this might just work for commercial too. that taco bell owner. ask them if they know any other franchise owners that would need a new roof. look into getting solar roof installation certified (by solar companies) so that could be an option.
Did you say Illinois? Now I know why you had to mortgage your house. Company I work for pulled out of there and California, labor laws, taxes, and the brutal mismanagement of government bureaucracy are difficult hurdles.
I appreciate your video. Typically the only businesses for sale are the distressed ones so kudos to you for taking that on...and yes, it is all about the team. I'd find someone to run the roofing business for you so you can continue moving real estate.
One time my boss bought and resold a product for a bid. the only other person bidding was the manufacturer we bought from. we won the bid because the manufacturer charged their regular price and we gave a discount. You never know why you won that roofing, contract, you bid fifty percent less on.😊
Yeah that is absolutely something that happens and something that I'm trying to understand more with our firm. We are calling back jobs we lost to understand why the same as the ones we win. We really want to understand our place in the market
@InvestmentJoy that particular time it was just a straight up resale. It was a particularly custom item that only one manufacturer made, which is kind of Y. No one else bit on it. the manufacturer thought no one else could bid on it which is kinda why they went for more profit. We didn't make it obvious why we were buying it, and no one there made the connection for the auction.
You don't really seem to know exactly what you are doing in ALL these endeavors. It is hit or miss being being successful shooting from the hip so much. I hope you well but I could see one of these gambles turning into a real disaster. You are assuming that others have you best interest. It is often NOT the case. As the boss you should be an expert in the field ideally.
This is a great new series. I was the guy who commented before I unsubbed but now resub for this new thing. If you have time to spend looking at car washes and gas stations, you are not focusing enough time on your roofing business. It looks like you are being pulled along instead of directing things. You should be learning and trying to land deals yourself, not relying on your guy. Because what happens if he gets sick or quits or dies? Your business is sunk.
Something to consider in the background (Which we'll get to eventually) is the team of labor, management, operational controls I have here at the company. I'm hardly the guy running the show (Well, the roofing business, I'm the guy putting on the show).
As someone who as worked for c-store contractors, multiple oil companies, and own my own c-store service company… do not buy a shut down store with no experience. The c-store business will chew up and spit out even the strongest of people. If you want some industry insight, reply and I would be happy to help.
Yeah I'm looking for one that can scan roofs so that we have an easier time doing the estimation with proper measurements. It's a lot of Labor to get on the roof and measure every single roof penetration that's there
@InvestmentJoy Tennessee hit chicken is very popular here in Michigan. I wanna say chicken is fairly cheap protein too. Or even pizza but I feel like chicken place would be better.
Are those taco bell menus current? you showed a nacho cheese Doritos locos taco for $0.90, in Michigan its 2.99.. and why i never goto taco bell. if it was $0.90 i would get 10 of them
@@kurtismckemmie4850 for better or worse I'm making decisions here that most business owners have to make. Most self-made wealthy business people don't get an inheritance they take on big risk and major choices
I OWN a roofing company and previously worked for a roofing company that was owned by an ex corporate America guy who bought a franchise. (0 industry knowledge) His business was great when he had his general manager taking care of everything and only doing residential, but as soon as we got a 2m commercial project, everything went down hill fast. Commercial pays much slower and sometimes not at all. If you are attempting to run this as a vacant owner passive business you will lose everything you have. If it was a residential roofing company you would be fine and figure it out before the whole thing exploded in your face. But you could sign one job tomorrow for 5m that will make you lose absolutely everything. I wish you the absolute best but this is a business that requires 100% of your time and attention. Or a guy who understands the business who is getting compensated at around 10% of the gross profit of the business. Please be safe, all of your employees you trust can leave tomorrow and work for someone else. There were 8 guys working for this company and in the course of 6 months 6 of us left. 2 started there own business 2 got jobs and the other 2 left the construction industry.
Had he done much game planning on the large job, and understanding what the capital plan was? The big jobs get complicated real quick as far as the money front goes, and payables are always slow.
@@InvestmentJoy there was a job accident set up for materials. So you don’t have to pay for the materials for 90-180 days depending on your terms. Still have to pay labor and the over head of the business. Construction on the whole project slowed down. Standing seam on parts, TPO, shingles. They also did the siding and that’s slow work. Being stuck on a big project where the GC is slow and you get caught in the middle. The large jobs all come down to terms.
I put out for a lot of bids and proposals in my line of work and the anger companies have when they don't "win" is sickening. The best way to get a good reputation is to bid fair and if you lose it you lose it. Bid the next time as well. Once you get the reputation of being a cry baby people won't even tell you about bids.
Welcome to my market where I have residential rentals in Rockford and Rockton. I've been watching your youtube videos with interest for some time. I will reach out to you at Anderson Roofing and I can give you a tour of the market and we can do lunch at Taco Bell.
Wana keep your roofers happy pay them fair keep them shocked in ice and gator aid and when the supervisor shows up on the job sight bring them lunch . If you own a rioting company owning a ice machine is a good investment .
What is a “rioting” company? I immediately thought of blm and the fact that the leadership siphoned off all of the donations to buy themselves mansions.
All good ideas, we're doing well profit-wise so I want to make sure that the crew gets rewarded with the success of the company as we continue to grow.
It’s crazy how other people watch these channels from these people are are like yup…I am going to sell everything and start a laundromat, or car wash, or vending machine…or a roofing business. 😅 It’s sad, tbh. Good for this guy, but like I said since the beginning: this guy makes his life from UA-cam.
First of your videos that I've watched in quite a while. Having a hard time understanding why you would buy a roofing company in Illinois when you live in Ohio? Trying to run an operating company from two states away is a recipe for disaster (IMO).
@@InvestmentJoy - As I mentioned in my original comment, that was the first video I'd watched in a while. However, at your prompting I did go back and watch the first two videos in this series. I'm still at a loss as to why you would buy an operating business two states over from where you live. Yes, it appears there is opportunity to grow the business in IL, but I can't believe there isn't an equal or bigger opportunity to do so in Ohio.
There are many ways to invest your money without pulling your hair out. Somebody has to do it, and it might as well be you. OH crap, you have already done that!
Dude I love your channel. Been watching a long time, but I feel like you’re going to lose your shirt on the roofing company. Commercial roofing. I’m in roofing. Unless you plan on being there every single day, that company is going to run YOU. Those guys are going to want to retire some day in the next 10 years. And it’s getting harder and harder to find guys that want to do roofing, competent, and you can trust. Your whole thing with business is to chase efficiency, and passive. You bought yourself a job. This is not something you can train someone to manage. If they wanted that stress, they would just have their own business.
Remember Taco Bell won the fast food wars. "Demolition Man" LOL Gas station and pizza drive through, if you get a gas station unbranded sell no ethanol gas. how about a motor cycle wash station self serve bay, it has to be cheaper then a bellinger. nice peterbilt truck.
It will be interesting as time goes on that's for sure but something to realize is I bought the company in the first part of this year so I've already been at it for several months
EVs and hybrids are a minuscule percentage of the overall car market and vehicles on the road. Most people still stopping for gas as the ICE vehicles are more reliable than EVs.
Man you got suckered big time if it was branded and doing good it wouldnt be for sale most busy stations would cost you over a million plus to buy also your going to need to brand it if you expect to get fuel delivered to the station . the carwash id take a real good look at the pumps hoses brushes and id check your water storage tank it might need to be pumped . the fuel pumps will need to pass gouverment inspection and remember now your also dealing with the epa . before you bought this place did it ever cross your mind to find out why its closed why its for sale there has to be really valid reasons . the money your going to spend renovating this station just to meet city state and epa standards will hit the pocket book . sourcing your fuel is even going to be very pricey and your insurance oh man sticker shock coming . the best thing for this place is demolition decontamination then resell the empty land thats worth more then the buildings . any chance youd hire canadians also i might be mistaken but i think your required to have theoretical hours in a class room before your on the job training and also arent you required to have a health and safety card to even be able to work on a union site .
U ROCK MAN ,,,,,,, IM ONLY A FEW HRS AWAY FROM ROCKFORD ROCKTON...3ish .....LMK IF U NEED DETECTIVE WORK lol OR IF U SEE ANYTHING AROUND U NEED LOOKED AT OR PICS TAKEN ...HOLLA MAN ....ILL TRY N GET U SOME ROOFING JOBS
That gas station with the pizza shop would pop off. Just a factoid, the biggest growing franchise pizza is Hunt's pizza. Instead of the traditional shops, they franchise out to gas stations. The catch is the gas station can ONLY get pizza stuff from them. It is now a billion dollar business with hundreds of location :0
That would be a business model: Set up a food supplier for gas stations that competes with Hunt. get a contract with a company that makes frozen pizza, & then establish a distribution to gas stations. Probably a Breakfast & donuts shop for the morning rush, than pizza & tacos for lunch. I would think Tacos or food wraps would would better since you can eat & drive, where as Pizza its a lot harder to eat & drive.
Yeah I'm pretty well aware of Hunt's model and it is truly brilliant so many people get wrapped up in creating the newest greatest thing ever that they forget about the logistics of making something good enough at a price point that makes sense and easily accessible of course it doesn't hurt too bad that the gas station Pizza ain't bad at all
Let’s be honest: without UA-cam income would you really be able to live off all your “ventures?” To me this seems like degenerate gambling to create social media income primarily which I say: good for you. But after watching you since the beginning and doing simple math it seems more like gambling (specially without having any experience whatsoever in the field) rather than smart investment. In other words, for others out there without any significant UA-cam income and that want’s to recreate this…YOU WILL FAIL MISERABLY. Thoughts? Btw, not a “hater” just saying from another perspective.
Honestly it depends on the union. In many skilled trades the union is a good pipeline for trained workers. That would seem to be the case here. Furthermore as a contractor doing commercial work being a union shop can be a requirement for bidding on certain jobs.
I live here and that gas station has been bought and gone out of business like 10 times lmao
Go be a roofer for his company! xD
The wear and tear on your body isn’t worth the money you get paid to be a roofer
@@jameyjeffords5631 You roof for 10-15-20 years, learn the trade, and then start a business and then sometime after that you hire people to do the work for you.
This is how you make real money in trades
@@jameyjeffords5631elaborate the wear and tear
Reading the comments, you're not the only one who noticed
Do not buy that station the plumbing is messed up plus it too close to Wisconsin. The gas tax in Wisconsin is a lot less.
The amazing thing about putting this on UA-cam is I've got a lot of great advice from local people
damn , talk about coming in clutch.
Dang this is crazy
You're relying way too much on Mitchell for the commercial roofing business.
I strongly suggest you get key-man life insurance and disability insurance on Mitchell and Matt immediately. I also recommend you source a general manager for your commercial roofing business. You can't run that business and run the rest of your business enterprise.
Will be more videos to come explaining things better
I just learned that exists... You can get life insurance on business partners LOL!
@@christansdad
Mitchell looks like he'd rip him off at some point. Just get that vibe.
@@chrish42000yeah, for me I had to get a huge policy
Love the consistent weekly videos, bro
Appreciate that, it's a lot of work!
Perhaps you should expand into snow removal/snow services over the winter or something wintery for the crew like contracted HOA snow removal for blocks. Relatively inexpensive and always a need by customers, maybe tell clients currently your service etc.
Yeah we have done snow removal in the past during the winter common that would be a great video
You've assumed a lot of personal risk here and apparently are looking for more. I wish you the best, but I think you've got a bunch of sleepless nights ahead of you. LOL
It's not for the faint of heart!
Dont just go full investor mode because soemthing looks good on paper. Take a year or 2 and go alll in on roofing before you even thing about anything else.
I'm always interested in what compels people to be landlords or business owners of people's previous business model. Not to draw a line between the two. Like, I enjoy how he goes to them and not calls them into his office. Watching management function is a new niche for me.
Yeah I've hung around some really Stellar people over the past four or five years and I really appreciate your leadership models I'm just hoping that I can do a good job here.
Ladder safety is paramount. Trusting a bungie cord and friction is a bold straight. Good luck with that 😆
If you’re selling diesel at the pump, check out the new DEF dispenser pumps. And. Add a charging station. Make sure the charger is listed on all the websites associated with every brand of EV,,, People charging their car, buy goodies from your convenience store.
@@debireed6128 agreed, I've been really surprised to see stations not install many Def pumps
The roofing business scares me for you. I’ve been a general contractor for over 20 years, this is a different beast from your other business.
When things go good, they print money, when they go bad, it’s fast and hard. All labor based, tons of management and liability, lots of moving parts, competition, and in today’s world, finding/keeping good workers is incredibly difficult.
Good luck with it my friend.
People want stable income, thats why its hard to keep good workers
@@ajtoofer every decent business has stable income, construction/home service businesses are no different, except that it’s even less of a problem in that industry because it’s almost always booming.
There are not enough workers, and the workers know that. And the labor pool is very, very subpar in general. It’s been a massive problem for the last 30 or so years and it is only getting worse.
That’s why he went with a union crew
@@reggiejenkins6458 A lot of roofers seem to hire illegals, so that's likely a big part of the labor problem.
Yeah pretty much this is one of the reasons I went with a union firm they have a much better labor Supply than most other people. And then I can use these videos to get people hooked in as a process with the union and give them an alternative to a college education.
I absolutely hate the fact that I grew up in a world that I did not know that this was even a potential. I was told that only idiots do not attend college so for a while I just assumed I was an idiot. Meanwhile I meet people who got into the skilled trades Blow Away many of my friends with a college degree
I have been to this gas station, the main road and side road access is bad, not to mention the place wasn't that busy when it was in business.
Looks like it'll be a subscriber's gas station. "If you find your way here, you have a job opportunity."
That's kind of where I'm trying to go with things I Pony up the money and buy the business and then find someone who wants to own the business in the future and they come work for a set number of years, then get the biz.
@@InvestmentJoy i live down the street from there as well. have always been intrested in looking at that gas station. always wondered how in the world it didnt make it.
Hey brother! My name is Brennen and I own a roofing company out here in Glendale, Az. I Stumbled across this video and I wish you nothing but the best
Hey, awesome! Same to you!
If laundromats are such a great business to be in, then why are there so many up for sale
there could be a lot of reasons. Owners are getting old and want to cash out. Someone took over and ran it into the ground, common with owners that pass it on to their children and they just let it go to shit. Some find a good deal on something and want to cash out to move on to other ventures. Hell it could even be debt from a gambling habit or nose powder. Or it could just be the place is shit and no one wants to go there.
Most apartments buildings have laundry in-unit now. All new ones that I’ve seen built. It’s a dying business.
How many are up for sale? There's 431 laundromats on BizBuySell (Largest business marketplace).
There's 21,500+ total laundromats in the US. Meaning a grand total of 2% of laundromats are available for purchase.
2% doesn't seem like alot to me, does it to you?
Laundromats as a whole are growing 11%/yr nationwide when you look at all revenue streams. So...
I remember in 2014 I was looking at buying a gas station, I bought a great course how to buy a good gas station at a great price. By the demio group
Oh Awesome, I'll take a look at it
First time watcher. Not in the roofing industry, but love the video!
Awesome thanks so much
you have skilled labor. for the winter, try professional outdoor light decoration. there are pro lights that are much better than the ones you get at the local stores which could be something you get upfront or get over time.
outside of light decorations, just outside holiday decoration in general could work. get some plywood, paint, foam and get creative on what would work. if someone can paint windows that could be added to the outdoor decoration.
with the roofs, if you're doing residential, then have someone knock on the neighbors and/or put out fliers before the work is started and while it's going. I'm sure you know it's better to have a few roofs in an area than just one. and this might just work for commercial too.
that taco bell owner. ask them if they know any other franchise owners that would need a new roof.
look into getting solar roof installation certified (by solar companies) so that could be an option.
Big fan of this new series
Awesome, thanks for the kind words
@@InvestmentJoysame here. I haven’t watched any of your vids in a long time but this series has got me hooked.
Did you say Illinois? Now I know why you had to mortgage your house. Company I work for pulled out of there and California, labor laws, taxes, and the brutal mismanagement of government bureaucracy are difficult hurdles.
How many employees /revenue did the biz have?
All the best 👍
I appreciate your video. Typically the only businesses for sale are the distressed ones so kudos to you for taking that on...and yes, it is all about the team. I'd find someone to run the roofing business for you so you can continue moving real estate.
It is a team effort but I'm just not built to pass the reins over to someone
Would love to see more gas station content
I certainly want one but if you look at the comments this one has a really terrible history
@@InvestmentJoy Idk if you’re interested but there’s some for sale in Iowa running businesses
Franchise city says gas stations are some of the most difficult businesses to operate. Something like 60% of gas stations are owner operated.
Your best roofing employees are retirement age. I hope you've got a couple of apprentices in the pipeline already...
Yeah, quite a few, plus as we grow the union has more guys to send us
Don’t put that retired man back to work. Respect the fact that we all get old and tired. Let him work the forklift operation more efficiently.
Snow removal , dumpster and porta john rentals ?
Yes, yes, yes
One time my boss bought and resold a product for a bid. the only other person bidding was the manufacturer we bought from. we won the bid because the manufacturer charged their regular price and we gave a discount. You never know why you won that roofing, contract, you bid fifty percent less on.😊
Yeah that is absolutely something that happens and something that I'm trying to understand more with our firm. We are calling back jobs we lost to understand why the same as the ones we win. We really want to understand our place in the market
@InvestmentJoy that particular time it was just a straight up resale. It was a particularly custom item that only one manufacturer made, which is kind of Y. No one else bit on it. the manufacturer thought no one else could bid on it which is kinda why they went for more profit. We didn't make it obvious why we were buying it, and no one there made the connection for the auction.
Bid lower get more job drive out the competition
You don't really seem to know exactly what you are doing in ALL these endeavors.
It is hit or miss being being successful shooting from the hip so much. I hope you well but I could see one of these gambles turning into a real disaster. You are assuming that others have you best interest. It is often NOT the case. As the boss you should be an expert in the field ideally.
Have you followed codie Sanchez' model before? If so what are your thoughts
I feel like you’re a young Ben Mallah
@@joshuagolembiewski5383 when do I start the three pack a day habit
A series where you partner up with people to do car washes and laundromats would be neat.
Agreed, thus why I mentioned it here, would be nice to help some locals out
Good luck bro hope it works but that was a giant risk
Thanks for the well wishes!
The most successful roofing guys never seem to advertise. They have loyal crews that make good money, aside from a few drug/alcohol problems.
How did you quantify that?
This is a great new series. I was the guy who commented before I unsubbed but now resub for this new thing. If you have time to spend looking at car washes and gas stations, you are not focusing enough time on your roofing business. It looks like you are being pulled along instead of directing things. You should be learning and trying to land deals yourself, not relying on your guy. Because what happens if he gets sick or quits or dies? Your business is sunk.
Something to consider in the background (Which we'll get to eventually) is the team of labor, management, operational controls I have here at the company. I'm hardly the guy running the show (Well, the roofing business, I'm the guy putting on the show).
As someone who as worked for c-store contractors, multiple oil companies, and own my own c-store service company… do not buy a shut down store with no experience. The c-store business will chew up and spit out even the strongest of people. If you want some industry insight, reply and I would be happy to help.
Thanks so far I've had some really great people reach out to me about oil and gas as well as running convenience stores
Need a drone with a laser tape measure so you can survey and measure roofs from the ground.
Yeah I'm looking for one that can scan roofs so that we have an easier time doing the estimation with proper measurements. It's a lot of Labor to get on the roof and measure every single roof penetration that's there
That title sounds like a monopoly game move.😊
Pretty much
watch out 4 hot tar its a killer in your new business good luck as always be careful
Amazing video!
Glad you liked
add a food place in the gas station
Yeah, the margins on food are amazing
@InvestmentJoy Tennessee hit chicken is very popular here in Michigan. I wanna say chicken is fairly cheap protein too. Or even pizza but I feel like chicken place would be better.
I feel like buying a gas station in 2024 is like buying a farrier business in 1908.
I grew up around that machesney park illinois car wash
@@jodyblack7951 awesome
If its a bad location for Mcdicks then its probably a bad location period...
Are those taco bell menus current? you showed a nacho cheese Doritos locos taco for $0.90, in Michigan its 2.99.. and why i never goto taco bell. if it was $0.90 i would get 10 of them
Yeah that was the live screen from when we were there in Beloit
This is gonna be a reality show
Kind of feels like one
I put all my properties on mortgage INCLUDING MY OWN HOUSE!
My divorce is pending.
@@kurtismckemmie4850 for better or worse I'm making decisions here that most business owners have to make. Most self-made wealthy business people don't get an inheritance they take on big risk and major choices
I OWN a roofing company and previously worked for a roofing company that was owned by an ex corporate America guy who bought a franchise. (0 industry knowledge) His business was great when he had his general manager taking care of everything and only doing residential, but as soon as we got a 2m commercial project, everything went down hill fast.
Commercial pays much slower and sometimes not at all. If you are attempting to run this as a vacant owner passive business you will lose everything you have. If it was a residential roofing company you would be fine and figure it out before the whole thing exploded in your face. But you could sign one job tomorrow for 5m that will make you lose absolutely everything. I wish you the absolute best but this is a business that requires 100% of your time and attention. Or a guy who understands the business who is getting compensated at around 10% of the gross profit of the business. Please be safe, all of your employees you trust can leave tomorrow and work for someone else.
There were 8 guys working for this company and in the course of 6 months 6 of us left. 2 started there own business 2 got jobs and the other 2 left the construction industry.
Had he done much game planning on the large job, and understanding what the capital plan was? The big jobs get complicated real quick as far as the money front goes, and payables are always slow.
@@InvestmentJoy there was a job accident set up for materials. So you don’t have to pay for the materials for 90-180 days depending on your terms. Still have to pay labor and the over head of the business. Construction on the whole project slowed down. Standing seam on parts, TPO, shingles. They also did the siding and that’s slow work. Being stuck on a big project where the GC is slow and you get caught in the middle. The large jobs all come down to terms.
Gas stations are risky investment, because future is electric. Hope it pays off though
I put out for a lot of bids and proposals in my line of work and the anger companies have when they don't "win" is sickening. The best way to get a good reputation is to bid fair and if you lose it you lose it. Bid the next time as well. Once you get the reputation of being a cry baby people won't even tell you about bids.
Agreed, there's a huge quality to a large amount of quantity
Welcome to my market where I have residential rentals in Rockford and Rockton. I've been watching your youtube videos with interest for some time. I will reach out to you at Anderson Roofing and I can give you a tour of the market and we can do lunch at Taco Bell.
You know if it's Taco Bell lunch I'm going to be there
Wana keep your roofers happy pay them fair keep them shocked in ice and gator aid and when the supervisor shows up on the job sight bring them lunch . If you own a rioting company owning a ice machine is a good investment .
What is a “rioting” company? I immediately thought of blm and the fact that the leadership siphoned off all of the donations to buy themselves mansions.
All good ideas, we're doing well profit-wise so I want to make sure that the crew gets rewarded with the success of the company as we continue to grow.
Id rather own the storage units.
It's a great biz if you can afford them
lol i know your eyes were burning
We should open a Taco Bell together
That's crazy tempting
Get your tow away signs posted
I hope it works out for you .
I do too!
Keep prices low and drive out the competition
That's kind of where I think we want to be - a great job at an affordable price. Especially when we match the right product per customer.
If you buy a gas station in the Midwest get in touch I haul fuel for a transport company. Would love the opportunity to earn your business
Why did this feal like a episode of some DIY reality tv show.
Amazing production quality and fantastic personalities, right?
I never been to a Taco Bell lol
Poor guy, you haven't lived life yet at all
Would you be interested in buying land in Trinidad and Tobago?
Not really, don't know anything about it.
know of a condo complex that needs roofs.
Send me a email - brandon at HCAndersonRoofing dot com - I'd be more than happy to share a commission/sales fee with you.
Bro do you anything about roofing?
The state of Illinois sure says I do.
The Disturbing Illusion youtube channel
It’s crazy how other people watch these channels from these people are are like yup…I am going to sell everything and start a laundromat, or car wash, or vending machine…or a roofing business. 😅 It’s sad, tbh.
Good for this guy, but like I said since the beginning: this guy makes his life from UA-cam.
UA-cam has been a looser money wise since 2022 for me.
Awesome video
Glad you liked it!
This is awesome! love to see the progression!
Thanks!
this dude getting wider with every video
Just wait!
First of your videos that I've watched in quite a while. Having a hard time understanding why you would buy a roofing company in Illinois when you live in Ohio? Trying to run an operating company from two states away is a recipe for disaster (IMO).
Out of curiosity have you watched the other two videos in the series?
@@InvestmentJoy - As I mentioned in my original comment, that was the first video I'd watched in a while. However, at your prompting I did go back and watch the first two videos in this series. I'm still at a loss as to why you would buy an operating business two states over from where you live. Yes, it appears there is opportunity to grow the business in IL, but I can't believe there isn't an equal or bigger opportunity to do so in Ohio.
You keep on working and being in debt Have fun
I think I am very lucky to be able to do something I love.
Great video!
Appreciate you!
There are many ways to invest your money without pulling your hair out. Somebody has to do it, and it might as well be you. OH crap, you have already done that!
I would state that you're wrong... But... You're not far off from the truth
wheres the discord link?
Dude I love your channel. Been watching a long time, but I feel like you’re going to lose your shirt on the roofing company. Commercial roofing. I’m in roofing. Unless you plan on being there every single day, that company is going to run YOU. Those guys are going to want to retire some day in the next 10 years. And it’s getting harder and harder to find guys that want to do roofing, competent, and you can trust. Your whole thing with business is to chase efficiency, and passive. You bought yourself a job. This is not something you can train someone to manage. If they wanted that stress, they would just have their own business.
How many members in your crew did you have, foremen and project managers total?
Remember Taco Bell won the fast food wars. "Demolition Man" LOL
Gas station and pizza drive through, if you get a gas station unbranded sell no ethanol gas. how about a motor cycle wash station self serve bay, it has to be cheaper then a bellinger.
nice peterbilt truck.
Did I mention demolition man here? Lol, i love, love, love it
In UK they changed it to Pizza Hut because no one knew.of Taco Bell at the time.
I have yet to see a business that doesn't use a fax machine.
Is your son Siryacht?
Lol, no, I'm really shocked that I have not run into the guy yet
A guide in what not to do
It will be interesting as time goes on that's for sure but something to realize is I bought the company in the first part of this year so I've already been at it for several months
Man, you are leveraged to your eyeballs. When you fall, you're gonna fall hard. DAVE RAMSEY!!
I love Dave, but his method and process wouldn't work for buying a company like this, unless you had a large inheritance or some such.
TRUMP 2024
People are not stoping as much for gas ⛽️ anymore electric cars and hybrids
EVs and hybrids are a minuscule percentage of the overall car market and vehicles on the road. Most people still stopping for gas as the ICE vehicles are more reliable than EVs.
I really would not Overlook a growing industry let's sing a competing product take up a 5 to 6% Market share.
Man you got suckered big time if it was branded and doing good it wouldnt be for sale most busy stations would cost you over a million plus to buy also your going to need to brand it if you expect to get fuel delivered to the station . the carwash id take a real good look at the pumps hoses brushes and id check your water storage tank it might need to be pumped . the fuel pumps will need to pass gouverment inspection and remember now your also dealing with the epa . before you bought this place did it ever cross your mind to find out why its closed why its for sale there has to be really valid reasons . the money your going to spend renovating this station just to meet city state and epa standards will hit the pocket book . sourcing your fuel is even going to be very pricey and your insurance oh man sticker shock coming . the best thing for this place is demolition decontamination then resell the empty land thats worth more then the buildings . any chance youd hire canadians also i might be mistaken but i think your required to have theoretical hours in a class room before your on the job training and also arent you required to have a health and safety card to even be able to work on a union site .
You're not wrong, but it's too late to change my mind now lol
As an owner you need to dress more appropriate, plad shirt is not enough
Not true, as an owner u dress how ever tf u want! That’s because ur the owner
How would you prefer I dress?
Duck tales shirt
Suit and tie for a roofing company? How to become completely disconnected with your staff 101
@@jdorffer g string
U ROCK MAN ,,,,,,, IM ONLY A FEW HRS AWAY FROM ROCKFORD ROCKTON...3ish .....LMK IF U NEED DETECTIVE WORK lol OR IF U SEE ANYTHING AROUND U NEED LOOKED AT OR PICS TAKEN ...HOLLA MAN ....ILL TRY N GET U SOME ROOFING JOBS
Ha, will keep note on having a detective if needed... You never know
That gas station with the pizza shop would pop off.
Just a factoid, the biggest growing franchise pizza is Hunt's pizza. Instead of the traditional shops, they franchise out to gas stations. The catch is the gas station can ONLY get pizza stuff from them. It is now a billion dollar business with hundreds of location :0
That would be a business model: Set up a food supplier for gas stations that competes with Hunt. get a contract with a company that makes frozen pizza, & then establish a distribution to gas stations. Probably a Breakfast & donuts shop for the morning rush, than pizza & tacos for lunch. I would think Tacos or food wraps would would better since you can eat & drive, where as Pizza its a lot harder to eat & drive.
Yeah I'm pretty well aware of Hunt's model and it is truly brilliant so many people get wrapped up in creating the newest greatest thing ever that they forget about the logistics of making something good enough at a price point that makes sense and easily accessible of course it doesn't hurt too bad that the gas station Pizza ain't bad at all
Yeah honestly that's a phenomenal business idea
Generally Hunts are in all the defunct convenience stores around me.
@@daniels2761if that's Hunt Bros Pizza you are referring to, I was a trucker and I was so sick of seeing it everywhere. Not healthy at all.
Let’s be honest: without UA-cam income would you really be able to live off all your “ventures?” To me this seems like degenerate gambling to create social media income primarily which I say: good for you. But after watching you since the beginning and doing simple math it seems more like gambling (specially without having any experience whatsoever in the field) rather than smart investment. In other words, for others out there without any significant UA-cam income and that want’s to recreate this…YOU WILL FAIL MISERABLY. Thoughts?
Btw, not a “hater” just saying from another perspective.
This year youtube will be about a $50k loss, last year was about break even.
I agree
How is it at a loss? What did you spend your money that it went negative and why keep doing it then?
Why do you keep using that overpriced and overrated word "union". 😅
Am I overpriced? If I consistently win open market bids, what's the issue?
Honestly it depends on the union. In many skilled trades the union is a good pipeline for trained workers. That would seem to be the case here.
Furthermore as a contractor doing commercial work being a union shop can be a requirement for bidding on certain jobs.
Brandon I have a deal of the year for you if I can talk to ya some how once I call Shane can I get ya number to let you know more? 😊
It’s in Colton Ohio
Is this the one you mentioned before? I'm not sure I'm willing to make regular drives to Coalton.