Hometown Painting LLC
About the Company
Hometown Painting LLC specializes in residential painting services, including both exterior and interior work, as well as fence staining. The company was founded by Matt Stone and his wife, who transitioned from a handyman business to focus exclusively on painting. With a commitment to high-quality work and customer satisfaction, they have built a reputation in their local market and achieved a 5-star rating on Google. The company operates with two employees and relies on subcontractors for its painting services.
Idea Behind Company
Matt Stone’s inspiration for Hometown Painting LLC stemmed from his experience running a handyman business and his desire to improve his work-life balance. After feeling overwhelmed by the demands of his handyman work, Matt and his wife decided to pivot to a painting business, which they believed would be more manageable and profitable. They were influenced by Eric Barstow’s online business training, which helped them create efficient systems for marketing, sales, and production.
Creating the Company
Matt Stone’s inspiration for Hometown Painting LLC stemmed from his experience running a handyman business and his desire to improve his work-life balance. After feeling overwhelmed by the demands of his handyman work, Matt and his wife decided to pivot to a painting business, which they believed would be more manageable and profitable. They were influenced by Eric Barstow’s online business training, which helped them create efficient systems for marketing, sales, and production.
Launching the Business
The initial phase of launching Hometown Painting was cautious, with Matt balancing his handyman work and the new painting venture. The first year saw no sales, partly due to Matt's lack of confidence and the challenge of securing subcontractors. Over time, he gained experience in sales and built a reliable team, which helped boost confidence and led to a steady flow of sales. They did not require external funding, as they used cash flow from their existing work to support the business launch.
Earnings
Hometown Painting LLC has achieved notable financial success, reaching a net profit of over $100,000 annually. The company's revenue is $27.5K per month, and they anticipate further growth by increasing their marketing budget and expanding their crew. With plans to reach around $500,000 in annual sales, they expect a 30-35% net margin, reflecting the effectiveness of their business model and growth strategies.
