Mumtaz Ahmed
Pflugerville, TX (USA)
Role(s):
Founder/Owner/Principal
JSM GLOBAL SERVICES
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Startup
Location:
Houston
Industry:
Other
Year Founded:
2012
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
With Sears you are getting 100 years of brand name power and recognition. In this economy, new business are shutting down every day and survival rate is at an all time low. In retrospective, it makes complete sense to get into a franchise. Sears Franchises were names one of the top 50 franchises by (URL removed). Being in the service industry, it is one function that can not be completed by computer and will always be in demand. Currently in the Austin market you have 360000 homes, while also sustaining one of the highest growths in the region due to a stable job market. The average income per home is 65000, 20,000 more than the national average. Currently, we have only 3 major players that are a direct competition with us in the carpet markets, and 4 major competitors in garage. We want to position ourselves to have a larger footprint and market share and this is why we are looking for investors. With the power of the Sears brand name, we should have no difficulty in getting there.
Restructure and Recruit ; In order to increase profitability and maintain revenue growth, we need to focus on customer retention. A repeat customer cost ten times less than a new customer. In order to do that, we need to first move away from our current contractor structure. New hires should be hourly + commission employees and a “Two Man per Van” policy will be implemented. This will allow the technicians to focus on superior customer service which in turn not only boost sales, but also increase client retention rate by more than 150%. On the garage side, this will also ensure that all jobs are completed.
New Vans and Equipment: Currently, the company only has two carpet cleaning vans and one air duct cleaning vans. The current vans and equipment we currently supply are in excess of 8 years old. They are nearing the end of their life, and currently take a 10% share in our budget for repairs and monthly maintenance costs alone. With the purchase of new equipment, we not only eliminate the costs for repairs, but also cut 20% off of gas budget by creating fuel efficient routes. And can easily increase the average ticket just by a good appearance. With the purchase of two additional vans, we can easily bring our carpet and air duct cleaning sales upwards of $500+. On the garage side, we need to purchase trucks. By showing we are not using contractors; we can increase the price on service calls and door sales by a minimum of 10%, easily paying for itself. Customers are confident knowing that we are not outsourcing their work and are willing to pay for it in this market.
Purchasing Power; More employees, more jobs, means purchasing more chemicals and other equipments. Since we will be able to use more, we can now buy bulk. Buying bulk means that we can go directly to the distributor and cut costs by 50%. Garage doors costs can decrease 5% with the amount of orders we place. And with marketing, we can get each zone cheaper with more areas we decided to service. Another factor is assuming flexibility with corporate. The more revenue we create the more flexibility we have with corporate rules and regulations, and can help us in other areas.
Founder/Owner/Principal
JSM GLOBAL SERVICES
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Service Provider
Location:
Houston
Description:
With Sears you are getting 100 years of brand name power and recognition. In this economy, new business are shutting down every day and survival rate is at an all time low. In retrospective, it makes complete sense to get into a franchise. Sears Franchises were names one of the top 50 franchises by (URL removed). Being in the service industry, it is one function that can not be completed by computer and will always be in demand. Currently in the Austin market you have 360000 homes, while also sustaining one of the highest growths in the region due to a stable job market. The average income per home is 65000, 20,000 more than the national average. Currently, we have only 3 major players that are a direct competition with us in the carpet markets, and 4 major competitors in garage. We want to position ourselves to have a larger footprint and market share and this is why we are looking for investors. With the power of the Sears brand name, we should have no difficulty in getting there.
Restructure and Recruit ; In order to increase profitability and maintain revenue growth, we need to focus on customer retention. A repeat customer cost ten times less than a new customer. In order to do that, we need to first move away from our current contractor structure. New hires should be hourly + commission employees and a “Two Man per Van” policy will be implemented. This will allow the technicians to focus on superior customer service which in turn not only boost sales, but also increase client retention rate by more than 150%. On the garage side, this will also ensure that all jobs are completed.
New Vans and Equipment: Currently, the company only has two carpet cleaning vans and one air duct cleaning vans. The current vans and equipment we currently supply are in excess of 8 years old. They are nearing the end of their life, and currently take a 10% share in our budget for repairs and monthly maintenance costs alone. With the purchase of new equipment, we not only eliminate the costs for repairs, but also cut 20% off of gas budget by creating fuel efficient routes. And can easily increase the average ticket just by a good appearance. With the purchase of two additional vans, we can easily bring our carpet and air duct cleaning sales upwards of $500+. On the garage side, we need to purchase trucks. By showing we are not using contractors; we can increase the price on service calls and door sales by a minimum of 10%, easily paying for itself. Customers are confident knowing that we are not outsourcing their work and are willing to pay for it in this market.
Purchasing Power; More employees, more jobs, means purchasing more chemicals and other equipments. Since we will be able to use more, we can now buy bulk. Buying bulk means that we can go directly to the distributor and cut costs by 50%. Garage doors costs can decrease 5% with the amount of orders we place. And with marketing, we can get each zone cheaper with more areas we decided to service. Another factor is assuming flexibility with corporate. The more revenue we create the more flexibility we have with corporate rules and regulations, and can help us in other areas.
Services Provided:
- Marketing/Advertising