20 Aug Acquiring Minds: From $700k Purgatory to $3m: A Mosquito Joe Update
Three years ago, Neil Finneran owned a tiny Mosquito Joe franchise doing under $700,000 in revenue. Today, it generates more than $3 million. Neil returns to explain how he got there. Organic growth took the business to about $1.2 million, but the real leap came from acquiring a larger neighboring territory, a deal he had been quietly setting up for years and financed with very little cash thanks to staying within the franchise system. Neil also shares why he’s cautious about buying very small businesses. And after hearing last episode’s conversation with Jesse Sunquist, who bought a similar Mosquito Joe territory but had very different results, you’ll hear Neil’s perspective on why one business took off while the other stalled. Welcome back to Neil Finneran, owner of five Mosquito Joe territories across Massachusetts and New Hampshire.
