Assertion certainty 4/5 debate potential 1/5

Herron: Sold Oxi Fresh Carpet Cleaning Franchise for $100,000

Josh Herron · EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk · Sep 7, 2016 · at 11:58

Multi-unit franchise owner Josh Herron describes divesting an underperforming Oxi Fresh franchise to focus on core operations.

0:00 / 0:02exact quote · 2.7s
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“We ended up selling it for a 100,000 dollars.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Josh Herron

Assertion Not checkable as stated
Herron: 1-800-GOT-JUNK Franchises Operate at 20% to 25% Profit Margins
“Our expectations anywhere from, you know, at this point in the system, we expect anywhere from 25% margin to, you know, it's a high margin business, 20 to 25%.”
Josh Herron Sep 7, 2016 ▶ 5:14 EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk
Insight
Josh Herron: Kansas City required franchise consolidation to be viable
“It was three franchises. The city's not big enough for all three of us. So we understand that there has to be consolidation at some point for us to make it into a viable business.”
Josh Herron Sep 7, 2016 ▶ 6:06 EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk
Assertion Not checkable as stated
Herron: Franchise Operations Generated $5.5 Million Top-Line Revenue in 2015
“Last year, top line, we're about, you know, five and a half million.”
Josh Herron Sep 7, 2016 ▶ 12:44 EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk
Assertion Not checkable as stated
Herron: Omaha franchise location grew revenue 134% year-over-year
“For instance, in Omaha We're up 134% over last year, which is pretty significant.”
Josh Herron Sep 7, 2016 ▶ 13:27 EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk
Assertion Not checkable as stated
Herron: Kansas City Franchise Generated $650,000 Prior to Acquisition
“At that point it did, gosh, seven, like 650 grand.”
Josh Herron Sep 7, 2016 ▶ 5:06 EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk
Disclosure
Herron: Oxi Fresh Franchise Cost Around $25,000 to Launch
“So the OxyClean was low cost. I believe it was like 25 grand total.”
Josh Herron Sep 7, 2016 ▶ 10:28 EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk
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