Acquire and operationalize an underdeveloped local service business
Invest in an established service business whose owner has demand but limited capacity, then add systems, equipment, and facilities to expand it.
physical BOTH Service / Consulting / Agency
From Chris Koerner on The Koerner Office Podcast — Chris Koerner on The Koerner Office Podcast is live! at 11:59
Problem: Captures demand that an experienced owner is turning away by adding operational capacity and software.
For: Established local service businesses owned by operators who lack modern systems or the capacity to serve all available demand.
Products from this video
Examples
- A forklift repair business owned by a 65-year-old operator had operated for 30 years, charged about $300 per hour, and turned away work. After Hector invested, added vans, trucks, a warehouse, and software, the business was described as doing very well after about six months.
Other takes on Local service businesses
- Parking-lot and driveway maintenance business offering line striping, seal coating, and crack filling
- Premium concrete coating business focused on garage floors
- Seasonal porch-pumpkin decorating and delivery service
- Local junk removal and hauling business with resale and scrap revenue streams
- Residential forestry mulching and land clearing service
- Local estate sale company that liquidates household contents for clients
All Local service businesses ideas →