Roy's power washing business in Tennessee made $200,000 last year but collapsed when his partner abandoned the company and then sued him. With $2,000 in the bank and facing eviction, Roy discovers his partner altered the LLC paperwork seven days before leaving town.
$200,000
$2,000
Seven days before they left
Hawaii
Today we're in Tennessee visiting Roy from Wall Washers Power washing.
Halfway through, we're.
Like, let's just go home. It sucks so bad what company out there can't support three people? It completely.
Ruins how much.
Money we're making per hour. And all that just.
Shoots us in the foot.
Last year, the business did $200,000 in revenue. But then his partner abruptly left town.
The previous business owner that I took the place of, he quit and moved to Hawaii.
He is literally days away from being insulted. He has $2,000 in the bank. He will not make rent next month.
With this books that were all over the place. There was no structure.
Yeah, the books were rough.
I wouldn't even call it a business.
A few weeks later, that same partner sent legal documents to Roy demanding that he sell off all of the equipment.
Wait, so when did this happen?
Now Roy is stuck in a legal battle. Seven days before they bailed on you, they changed up on the llc. They're still gonna come to you personally.
Yeah, that's like a curve ball.
I didn't even expect you to say that.
This is the business turnaround show. My name is Mike Andes. I'm the founder of Augusta Lawn Care. We have over 190 locations around the world. I travel the country fixing strugg businesses. I just generally believe you can build a million dollar business on just this curing thing. And then it's a function of. Can this grow to 10x? Absolutely. Our goal is to give Roy a strategy to turn around the company in the next six weeks.
