Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast #09 - Rick Vazza - Acquiring A Plumbing Biz With 0 Experience
Jun 9, 2021
Rick Vazza, the owner of John Padilla Plumbing, shares his extraordinary journey from finance to plumbing, acquiring a $2 million business without prior experience. He reveals the mentorship he received, the acquisition strategies he employed, and how he transformed into a confident leader. Rick discusses the dynamics of younger business owners in the trades, highlighting the importance of customer engagement and company culture. He also touches on effective marketing strategies and the balance between online reviews and PPC advertising to scale his plumbing business.
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Acquisition Opportunity
- Rick acquired a plumbing business after a private equity deal fell through.
- The previous deal's due diligence facilitated a quick close for Rick.
Business Profile
- The plumbing business had $2M in revenue, with $1.5M from plumbing and $500k from HVAC.
- Rick's strategy involved focusing on business operations while relying on the seller's plumbing expertise.
Gaining Credibility
- Acknowledge your weaknesses while demonstrating a strong work ethic and willingness to learn.
- Show humility and a commitment to continuous improvement.