Building a Boring Business HVAC Empire with John Akhoian

Summary

John Akhoian, the founder of Rooter Hero Plumbing, shares his journey of starting and growing his plumbing and HVAC company through acquisitions and rapid expansion. He discusses the strategy behind acquiring other companies, the importance of targeting specific demographics, and the challenges of managing multiple locations. John also highlights the equity packages offered to employees and the goal of creating 100 millionaires within the company. Overall, Rooter Hero Plumbing focuses on providing excellent customer service and creating a positive work environment for its employees.

Takeaways

Rooter Hero Plumbing has experienced rapid growth through acquisitions and strategic expansion.

The company focuses on targeting specific demographics and providing excellent customer service.

Rooter Hero Plumbing offers equity packages to employees and aims to create 100 millionaires within the company.

The founder emphasizes the importance of mentorship and networking for personal and professional growth.

Chapters

00:00 Introduction and Background

01:09 Starting Rooter Hero Plumbing

02:05 Expansion and Acquisition Strategy

03:12 Acquiring Specialty Contracting Group

04:22 Acquiring CanDo Plumbing

05:19 Acquiring HVAC Companies

06:38 Number of Locations and Average Revenue

07:04 Target Demographics for Expansion

08:20 Equity Packages and Future Plans

12:26 Number of Trucks and Employees for Revenue Generation

19:11 Pricing Strategy and Unit Level Economics

20:17 Acquisition Process and Funding

26:44 Challenges and Mentorship

31:11 Employee Turnover and Hiring Criteria

35:29 Compensation for Technicians

36:13 Goal of Creating Millionaires