The Model Works: Reflections of a Plumbing Business Buyer

February 5, 2024
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D

oug Johns returns today.

Doug's first episode was a popular one.

In it, he recounted his pivot from corporate life to small business owner, having bought a Mr. Rooter franchise territory with close to $2m in EBITDA.

That interview was 16 months ago, and in today's interview Doug reflects on this pivot, and from a variety of angles:

  • What it's meant for his net worth
  • For his lifestyle
  • For his identity
  • And even for his marriage

I'm not sure I've yet done an interview that takes such a holistic view of the many ways this path of buying a business changes your life.

Doug was very generous in his transparency, and you will leave this episode with a vivid picture of the life of a one-time exec, now local plumbing business owner.

I enjoyed it so much. I hope you do too.

And if you're considering home services as a target industry to buy a business, make sure you listen to the end.

Doug shares why he loves home services — but also why it is way more competitive than it might appear from the outside.

Here is Doug Johns, owner of the Mr. Rooter franchise territory in Portland, OR.

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The Model Works: Reflections of a Plumbing Business Buyer

Doug Johns reflects on his balance sheet, lifestyle, and new identity as business owner after 9 quarters in the seat.

Key Takeaways

Introduction

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oug Johns returns today.

Doug's first episode was a popular one.

In it, he recounted his pivot from corporate life to small business owner, having bought a Mr. Rooter franchise territory with close to $2m in EBITDA.

That interview was 16 months ago, and in today's interview Doug reflects on this pivot, and from a variety of angles:

  • What it's meant for his net worth
  • For his lifestyle
  • For his identity
  • And even for his marriage

I'm not sure I've yet done an interview that takes such a holistic view of the many ways this path of buying a business changes your life.

Doug was very generous in his transparency, and you will leave this episode with a vivid picture of the life of a one-time exec, now local plumbing business owner.

I enjoyed it so much. I hope you do too.

And if you're considering home services as a target industry to buy a business, make sure you listen to the end.

Doug shares why he loves home services — but also why it is way more competitive than it might appear from the outside.

Here is Doug Johns, owner of the Mr. Rooter franchise territory in Portland, OR.

About

Doug Johns

Doug Johns
Olivia Rhye
Product Designer

Show Notes

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