Starting a $500K/Month Epoxy Flooring Business

Video Description

Brandon has built something extraordinary at Wise Coating, and you could become his partner! He is offering UpFlip viewers an exclusive discount on the start-up fees! Learn more about this great opportunity by visiting this link: https://bit.ly/WiseUpflip Wise Coatings brought in more than $100,000 in revenue within the first four months after it opened in 2021. How did this epoxy garage floor business grow so quickly? Founder Brandon Vaughn shares the answer in this interview! Brandon had some experience with growing a business before he started Wise Coatings. He grew his previous service business to 70 employees in six seasons, an experience that taught him the importance of systems, hiring, and marketing. He put that expertise to use when he started his new epoxy flooring business, quickly scaling it to nearly $500,000 a month in revenue with profit margins up to 25%, a very impressive return on his $45,000 start-up investment. It may be hard to believe from those numbers, but Brandon actually started Wise Coatings as an experiment. He wanted to show that it was possible to grow a business without spending any time in the field or answering sales calls. Instead, he focused on building scalable systems and perfecting his marketing. His experiment has proven to be a resounding success, though not without its bumps along the way. He’ll share the biggest challenges he faced growing Wise Coatings, along with how he overcame those difficulties in this interview. You’ll hear what worked well too, of course, including the must-have systems for an epoxy business and how he built the phenomenal team that’s let him focus on growing the business rather than spending all his time at job sites. This video isn’t just for folks who want to start an epoxy floor business. Anyone who wants to start or scale a service business will learn a lot from how Brandon developed his systems and brings in customers. 🔗 UpFlip Official Resources 🎓 The ultimate blueprint for starting and scaling your biz to 7-figures - https://links.upflip.com/the-business-startup-and-growth-blueprint-yt 🎓 Start or scale your business with the UpFlip Academy - https://links.upflip.com/academy-yt 📕 FREE access to ‘137 most profitable businesses’ - https://links.upflip.com/137-business-ideas-yt 🎙️ Follow the UpFlip Podcast - https://links.upflip.com/podcast-yt 📩 Join the UpFlip Newsletter - https://links.upflip.com/newsletter-yt 👉 Check out Brandon’s business - https://wisecoatings.com/ ⭐ Tools & Services We Recommend Best AI-Powered CRM 👉 https://www.upflip.com/go/go-high-level-crm Save $$ on your auto insurance bill 👉 https://secure.moneymatchup.com/2YXbmn Best business checking accounts (FREE) 👉 https://secure.moneymatchup.com/1YKrOV Looking for Business Loans? 👉 https://secure.moneymatchup.com/LV233y Set up a Shopify Store for FREE 👉 https://secure.moneymatchup.com/GWvVrk Set up Quickbooks for your business (DISCOUNT) 👉 https://secure.moneymatchup.com/0rLCuX Stuck in debt? 👉 https://secure.moneymatchup.com/yoXaZn Set up payroll with ADP 👉 https://secure.moneymatchup.com/HT5vef Timestamps: 00:00 - Start 00:43 - Introduction and job site 02:29 - Biggest challenges 04:47 - Equipment discussion at JonDon 06:21 - Sales process 08:17 - Startup budget 09:20 - What is a franchise? 10:18 - Break even point 11:11 - Why join a franchise 12:57 - Branding 14:36 - How many franchises 16:31 - Profit margins 17:15 - Equipment discussion 18:26 - Financial tools and software 19:54 - Early struggles 21:57 - Tools and software 23:27 - Mixing the floor coating 24:42 - What you wish you would’ve known 25:38 - Blitz questions 28:02 - Tour of the store 29:30 - What makes Wise Coating different 31:02 - Customer experience 32:54 - Employees and hiring 33:53 - Gift cards 35:44 - Leasing vs. buying 37:21 - Role of the business owner 38:55 - Yard signs 39:48 - Equipment parts 41:24 - Coaching with Conquer 42:44 - Core values 44:47 - #1 advice for floor coating businesses 45:29 - Outro #epoxyflooring #epoxy #epoxygaragefloor