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Mike Feazel

👤 Speaker
466 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

And if we're not supporting you, you're not buying product and I'm not making money.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

It was the fairest trade-off.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

A lot of the franchise businesses are in the business of selling franchises.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

And they make $100,000 and then the dealer, the franchisee fails.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

If they win, they make their 7%.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

They got their 100 grand up front, let's just say.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

If they fail, they take the territory back and they resell the territory and get another 100 grand.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

And I saw a lot of the franchise models and home services is not a very fair business model.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

And there's just a lot of hoops you have to jump to to stay in that space.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

Through the franchise, through all of the franchise lead aggregators, right?

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

Franchise gator, there's all kinds of websites that are aggregating.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

Like you can go there and look at a hundred different franchises that are available or dealer models.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

or dealer models.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

So it's kind of the same thing for them.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We're just looking for business opportunity seekers.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

We also did it through Facebook marketing, social media as a whole, just really.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

In the early days, a pulse and somebody who believed in what we did.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

I mean, right.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

You believed in us.

Escaping the Drift with John Gafford
He Sold His Roofing Business for $60M (Here’s What He Built Next) - Mike Feazel

All right, we'll take a chance.