Shoup's painting business grew from $500K to $1.2M in three years
Matt Shoup · $172k in Debt to $2/5m/Year Painting Company with Father of 2, Matt Shoup EP 229 · Apr 6, 2016 · at 2:42
Entrepreneur Matt Shoup describes the early revenue growth of his Northern Colorado residential paint contracting company founded in 2005.
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“Our first year, we did about a half million. We did close to a million. Our second year, third year, we did 1.2.”
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Shoup's painting company nets $500K annually on $2.5M in revenue
“You know, with that, yeah, with that nets at the end of the day is, is about a half million dollars a year without, without having to touch it. And I've built that up over the you know, the past 10 years.”
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“About 2.5 last year. I'm sorry. Yep. We did 2.5 last year.”
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“So right now it's a 99 dollar a month membership that I have. And right now I've actually capped it out at a hundred members and I'm getting that filled, but probably in the next couple of days, it's up to about, that's about 87 right now.”