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Josh Herron

๐Ÿ‘ค Speaker
187 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

So I had known him.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

It was at 1.3 separate locations in the Kansas City area.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

He was a friend of mine.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

We had done the kickoff or conference together.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

and spend some time together out drinking beers or whatever.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

And, you know, he, when the opportunity came, you know, when the opportunity came to fruition, he was like, you know, one of the reasons I want to do this, we want to, I want to work with you.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

I was about to say, you know, I was in the middle of the conversations with the two owners at that time.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

And I'm like, well, I know somebody who may be interested and,

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

called him and it was a no brainer at that point.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

You know, there was two, two guys who couldn't really, they couldn't get along to, to vary, you know, varying levels of kind of, uh, what they expected out of, out of the business and kind of what they were willing to put into it.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

And I was kind of stuck right in the middle and it was a great opportunity for me to exit, not a great situation and, and kind of work with somebody who I knew I liked and who I knew had complimentary skills to my, to my own.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

So it was basically a no-brainer for me, and I was glad it was the same way for Tyler, my business partner.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

At that point, it did, gosh, $650,000.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

Our expectations anywhere from, at this point in the system, we expect anywhere from 25% margin to...

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

It's a high margin business, 20% to 25%.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

So let me preface this as saying that at that point, it wasn't doing the 20% that we were talking about.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

That's what it does now.

SaaS Interviews with CEOs, Startups, Founders
EP 410: From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk

currently to this day at that point it was probably in the 15 range so i mean and the business was really immature at that time even though it was four years at that during it had been open four years it wasn't you know nobody really knew about 1-800-GOT-JUNK in kansas city and we had a lot of work to do yeah so it really was never about the financial obligations 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 so everybody's family could be successful