He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel
Escaping the Drift with John GaffordShow Notes
Mike Feazel built one of the largest roof replacement companies in America, scaling it to $60 million in revenue before selling it 13 years ago. But instead of retiring to an island, he saw a massive problem in the industry and decided to disrupt it all over again with Roof Maxx.
In this episode of Escaping the Drift, John Gafford talks with Mike about the journey from a small farm in Ohio to becoming a roofing mogul. Mike shares the exact "dealership model" he used to scale his new company to 380 locations in just five years, why he believes the "franchise model" is broken for most service businesses, and how a 17-page Google search led to a breakthrough product that is saving homeowners millions.
If you are in the trades, own a service business, or want to know how to scale a company for a massive exit, this episode is a masterclass in blue-collar entrepreneurship.
In this episode, we cover:
How he scaled a roofing company to $60M and sold it.
The "Dealership vs. Franchise" model: Why one is superior.
How a simple Google search led to a bio-oil breakthrough.
Why he believes "white collar" jobs are in trouble and "blue collar" is the future.
The 3-minute rule for pitching your business to anyone.
Chapter Titles & Timestamps
00:00 – Intro: Sold for $60 Million
02:15 – The Problem with Asphalt Shingles (And How He Fixed It)
08:45 – Dealerships vs. Franchises: The Scaling Secret
15:30 – How to Scale to 380 Locations in 5 Years
22:10 – The "Google Mafia" & The Cost of Leads
29:00 – Why Blue Collar is the New Gold Rush
36:45 – Managing a Remote Team of 50+ People
42:00 – Final Advice: Don't Retire, Reload
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☑️ If you liked this video, consider subscribing to Escaping The Drift with John Gafford ************* 💯 About John Gafford: After appearing on NBC's "The Apprentice", John relocated to the Las Vegas Valley and founded several successful companies in the real estate space.
➡️ The Gafford Group at Simply Vegas, top 1% of all REALTORS nationwide in terms of production. Simply Vegas, a 500 agent brokerage with billions in annual sales Clear Title, a 7-figure full-service title and escrow company.
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