The Business of Restoration

When Gabe Matthews of Christian Brothers Restoration was approached with an offer to buy a competing company, it set him thinking deeply about mergers and acquisitions. Listen in as Garret discusses the many sides of this growing trend in the Restoration Space. With Garret leading 5 major acquisitions for Next Gear, he walks Gabe, a restoration business owner, through thinking about this strategy for growth.

We’re talking today with O.P. Almaraz and Tim Bauer of Los Angeles-based Restoration Mastery. Stay with us for a conversation about key-man insurance and how it works with a buy-sell agreement to ensure the continuity of a business partnership; the courage needed to execute on goals; the power of a leader’s strong vision for a company in times of crisis; the value of building a positive company culture, and so much more.

Garret Gray (President/CEO of Next Gear Solutions) and Holly Murry (President of FRSTeam, Inc.) discuss the effects of COVID and how it is changing the restoration industry.

Garret Gray and Chris Pegg (Senior Director of Planning at Wells Fargo) discuss the latest financial programs designed to help restoration companies thrive during the COVID-19 pandemic.  Garret and Chris discuss everything from the Payroll Protection Program (PPP) and Tax deferment options that help contractors conserve cash during a difficult time to transferring generational wealth and business continuity planning. 

Welcome to episode 3 of The Business of Restoration Podcast! In this episode, Next Gear’s CEO Garret Gray sits down with Jerry P of GraEagle Restoration in Las Vegas to share stories of growth, and you’ll learn about what a path to a paperless office looks like, protecting yourself with proper documentation, and how to identify what’s falling through the cracks.

In this episode, you’ll learn:

How to maximize your gross profit margin

How to navigate the transition from paper-driven to paperless

Why documentation is essential for protecting yourself and your business

How to use reporting to identify what’s falling through the cracks

How to manage common growing pains

Resources:

DASH - #1 Restoration Platform

GraEagle Restoration - Las Vegas

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Garret Gray, CEO: Next Gear Solutions, and Chris Corder, President: Coastal Restoration – Part 2

Garret and Chris are back to talk about how technology is changing the restoration game. Between setting up your compliance manager to increasing your VPASS score, there are a lot of tech decisions to make in your restoration business. Chris Corder shares his own experience of going through the cultural transition to adopt more advanced technology in his company. Chris’ story will make you a lot more confident to make those changes. Enjoy!  

Key Takeaways:

• What determines your business growth in your specific market

One of the most common questions we get from our customers is how to build and manage a team to support their growing restoration company. Chris Corder from Coastal Restoration, a Next Gear Solutions customer, believes you should hire in-house versus outsourcing, and in this interview, you’ll learn some of the ways he’s found great people and created a full-service restoration business from a team of two (including his dad) over the past ten years.