Today I am speaking with Michael Nungesser a successful Five Star Painting Franchisee. Michael had a career working for a company that replaced windows and sunrooms. Michael said he was looking to get into business for himself, but was looking to partner with a franchise. He looked for an industry leader and found Neighborly. He decided to stay on board with his job until his business got off the ground.
Michael decided to start with one territory and saw success fairly early on, he was able to quit his job within 7 months of starting the business and then after hitting $650,000 in revenue his 1st year he decided it was time to expand. Michael purchased a neighboring territory and grew his business to $1.8 million his second year.
Michael talks about the growing pains he experienced with a new and rapidly growing business. We talk about how he learned to manage the expectations of his paint crews and protect his profitability. We discuss the breakdown of labor, materials, and other costs and as we discuss profitability.
Michael also offers some great advice to hire painters and project managers. We also discuss his marketing strategies and what advice he would give to any new and existing business owners.
Visit us at www.thesmartfranchisee.com
Thanks for Listening! Connect with me on social media, leave us a review on iTunes, and share this episode with a friend.
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By Jessica Dhillon: Franchisee, Franchise Authority, Business CoachToday I am speaking with Michael Nungesser a successful Five Star Painting Franchisee. Michael had a career working for a company that replaced windows and sunrooms. Michael said he was looking to get into business for himself, but was looking to partner with a franchise. He looked for an industry leader and found Neighborly. He decided to stay on board with his job until his business got off the ground.
Michael decided to start with one territory and saw success fairly early on, he was able to quit his job within 7 months of starting the business and then after hitting $650,000 in revenue his 1st year he decided it was time to expand. Michael purchased a neighboring territory and grew his business to $1.8 million his second year.
Michael talks about the growing pains he experienced with a new and rapidly growing business. We talk about how he learned to manage the expectations of his paint crews and protect his profitability. We discuss the breakdown of labor, materials, and other costs and as we discuss profitability.
Michael also offers some great advice to hire painters and project managers. We also discuss his marketing strategies and what advice he would give to any new and existing business owners.
Visit us at www.thesmartfranchisee.com
Thanks for Listening! Connect with me on social media, leave us a review on iTunes, and share this episode with a friend.