We just had our best week at my newest shop, which we opened from zero in February.
$37,218 in sales.
Why am I excited to share this?
This is only the 4th shop I’ve ever opened from zero. The other 32 were acquisitions of existing shops.
For years, I stayed away from it from new locations like this one and put all my energy into acquisitions.
Don’t get me wrong: I love buying existing cash-flowing shops using seller financing.
But it’s getting harder and harder to do these deals.
Why?
Most sellers are very slow to make decisions. We’re talking 12-24 months to close single-store deals.
I want to move way faster, which means start-ups.
But the problem was I had no idea how long it would take to be cash-flow positive.
That’s the biggest fear, right?
It’s one thing to invest start-up capital into a business. It’s another to put money in month after month.
I want a clear formula of “I put $X in and pull $Y out within Z months”, like this:
- Step 1: Invest $200k to launch a new location
- Step 2: Cash flow is positive within 3 months
- Step 3: Generate $15k+ cash flow per month
- Step 4: Recoup the entire investment in a year
- Step 5: Rinse & repeat 5, 10, 15 more times….
I’ve now overcome that fear and it’s paying off.
Last week, my shop’s average revenue was $33k, while the new store hit $37k.
Beating the average within 6 months of opening gives me confidence that we can launch any new location
Confidence is what breeds clarity + action.
Cheers!
Brian
P.S. I help owners turn this business into a ‘copy & paste model’ like this one. Reply "MODEL" and I’ll send you the details. I’ve got 8 spots remaining for July.