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David Royce

πŸ‘€ Speaker
2174 total appearances

Appearances Over Time

Podcast Appearances

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

It was like, oh, that's what I'm doing wrong.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And then, you know, I'd have them go practice in the mirror, you know, until they really like nailed it.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

Yeah, it felt really, really good to help like thousands of salespeople.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

We had a sales force of about 3,000 college students, you know, at our peak.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

That's a great question.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

So there's something very unique that I did that isn't always possible in every industry.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

In some blue collar industries where you're just trying to create or you're trying to buy a stream of revenue, you can do these asset deals.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

So I've seen it done in pest control and alarm systems, some other industries like home services industries before.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

So if you think about the big public pest control companies like a Terminex, who I sold to three times before ultimately deciding to sell somebody else in the last one.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

they grow about half of their growth is M&A.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And so each quarter they have to hit certain growth targets and they buy up companies.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And what they really want is not the brand.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

They just want the customer base with the corresponding technician.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And so what I was able to do was I didn't have a lot of capital.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

In fact, I almost bankrupt my first company.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And I realized, hey, if I have more capital, I can expand a lot faster and I'm not going to be limited in my growth.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And so that was the primary reason why I did it.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And I sold, so I sold the first one, just sold off the customer base and the score swine technicians, but I kept the golden goose, which was the Salesforce, the executive team and a key operator in each location.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

Then I started my second one, eco first.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire β€” David Royce Explains

And that was more of an experiment of, okay, can we scale?