Imagine pivoting your career at 31, buying a street sweeping business, and turning it into a high-revenue operation. That’s exactly what Brandon did, and his story is packed with lessons on how to identify opportunities, minimize risk, and grow a small business into a success story. Let’s break down his journey, uncover the secrets of his business model, and show you how to replicate his success.
The Leap: From Baseball to Business Owner
Brandon’s entrepreneurial journey began when he bought a street sweeping business from a 75-year-old owner looking to retire. The purchase price? Just $60,000, fully seller-financed over five years. “I didn’t have any business experience,” Brandon admits, “but I wanted freedom and a chance to learn how to run a business.”
He chose street sweeping for its simplicity, recurring revenue model, and manageable competition. The gamble paid off. Within two years, he grew the business from $15,000 a month in revenue to $75,000—a 5x increase.
How Brandon Found the Right Opportunity
Brandon’s approach was strategic. Here’s how he chose his first business:
- Low Risk: He ensured the business already had contracts and recurring revenue.
- Affordable Buy-In: The $60,000 price tag was below the equipment’s estimated value of $100,000.
- Seller Financing: With no need for a large upfront payment, Brandon reduced his financial risk.
- Scalability: Street sweeping offered room for growth, with local competitors doing $5 million to $12 million annually.
The Business Model: Why Street Sweeping Works
Street sweeping might not sound glamorous, but it’s a powerful business model:
- Recurring Revenue: Clients like HOAs, cities, and businesses pay monthly for services.
- Low Competition: Few players in the market mean plenty of opportunities.
- Asset-Backed Financing: Trucks and equipment can serve as collateral, lowering financial barriers.
- Add-On Services: Brandon diversified by offering pressure washing, asphalt repair, and striping—often subcontracted to other providers for extra revenue.
Scaling the Business
In just two years, Brandon transformed the company by:
- Raising Prices: He aligned rates with market averages to boost profitability.
- Streamlining Operations: He ran the business remotely from Arizona while servicing clients in California.
- Investing in SEO and Ads: An optimized website and Google Ads brought in consistent leads.
- Subcontracting Services: Instead of saying no to clients, Brandon subcontracted complementary services, earning a margin on top.
The Numbers: How the Business Stacks Up
Here’s the breakdown of Brandon’s street sweeping operation:
- Revenue: $700,000 annually
- Equipment Costs: Used trucks purchased for $15,000 to $200,000, depending on the job.
- Recurring Clients: Each customer generates around $6,000 annually.
- Profitability: Margins improve as the business scales, with fixed costs like rent ($2,000/month) and labor spread across more contracts.
Why Buying Beats Starting
For aspiring entrepreneurs, Brandon recommends buying over starting a business:
- Existing Revenue: The business comes with clients and cash flow.
- Lower Risk: Proven demand and established operations reduce uncertainty.
- Easier Financing: Lenders are more likely to fund a purchase with tangible assets.
Starting a street sweeping business from scratch would require up to $200,000 for trucks and equipment. By buying an established business, Brandon bypassed these hurdles.
Tips for Success
Brandon’s advice for aspiring business owners:
- Find Recurring Revenue: Look for businesses with steady, predictable income.
- Keep It Simple: Avoid overly complex operations, especially if you’re a first-time owner.
- Leverage Seller Financing: Negotiate terms that let you buy without upfront capital.
- Don’t Say No: Subcontract work to serve more clients and increase revenue.
The Takeaway: Your Next Move
If Brandon’s story resonates, it’s time to take action. Identify local businesses for sale, evaluate their potential, and take the plunge. Remember: 15 million baby boomers are retiring, and many of their businesses need new owners. By stepping up, you’re not just chasing financial freedom—you’re preserving a piece of the economy.
So, what’s stopping you? The American dream is waiting, and the road to success might just start with a street sweeper.