LARGEST Plumbing Contractor in AZ Talks Growth and Trading a Legacy Business for Legacy Money with Mike Brewer of Brewer Companies - Part 1

Waste No Day: A Home Services Motivational Podcast

Brian Burton & Nate Minnich

Entrepreneurship, Business:entrepreneurship, Business

5.0 • 548 Ratings

🗓️ 8 August 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s show, we are putting Mike Brewer in your passenger seat for the first part of a conversation about his journey to become the largest residential plumbing company in Arizona. Mike brings 44 years of experience in the plumbing industry as the Chief Executive Officer for the Brewer Companies, a family of businesses that provide plumbing services to the retail, residential new construction and commercial markets. He has held the role of strategist and visionary for the overall enterprise since its inception. He led and constituted a strategy to become the largest residential plumbing contractor in the state of Arizona right through the Great Recession. Not only did Brewer Enterprises Inc. survive, but organically grew its revenue from $6.4 million in 2009 to ~$80 million in 2021, growing market share in the Phoenix and Tucson market, all while going through the toughest economic times of our lives. He opened the first Benjamin Franklin Plumbing service and repair retail franchise in Arizona in 2003 and provides the commercial markets drain and service needs with Brewer Commercial Services since 2007. Having sold his ownership interests in the fall of 2021, he also currently holds the role as Senior Advisor to the CEO of Synergos Companies, a company of trade leaders who build efficiency into every project. He is also a lifelong learner, problem solver and inventor and holds two patents on a plumbing test device for the industry. Michael has lived in Arizona since 1968 and is married with 6 children, 4 of those working within the businesses. Today he shares his story on part 1 of this incredible episode.

Transcript

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0:00.0	Most of us retire around, we hope to retire around 62 or 65. Chances are you're going to live
0:08.0	another 25 years after that. Let's just use around numbers. If you live on $100,000 today,
0:13.6	and you spend $100,000 today, how much money you didn't need today you retire to be able to
0:18.8	afford your life the rest of your life? $2.5 so 100,000 dollars a year well there's a darn thing called inflation
0:26.4	and so 2.5 million really doesn't get you another 25 years because inflation eats that crap up
0:36.9	welcome to the waste no podcast, a podcast specifically for and about the home services industry as it relates to plumbing, heating, air conditioning, and electrical.
0:48.9	More than a podcast, Waste No Day is a credo, a determination, a mindset.
0:54.5	It is a never-ending discipline. It is a never-ending discipline.
0:56.6	It is a refuse to lose pursuit.
0:59.1	It is a wake-up call every morning to waste no day.
1:03.1	Now here's your host, Brian Burton and Nate Minnick.
1:17.6	Hey. Hey, welcome to another episode of the Waste No Day podcast.
1:20.0	Your host, Nate and Brian are hanging out with you,
1:22.9	and we have a great two-part episode head to your way.
1:26.9	This one's going to be part one of Mr. Mike Brewer,
1:33.0	talking about his journey from two trucks to the largest plumbing company in the state of Arizona.
1:40.8	Wow. We have a lot of stuff to cover with him and we are excited to do so, but first we're going to spend a few minutes just breaking down the ideas for ourselves.
1:47.4	If a tree's strength is judged while it is still a seed, it is mistaken as weak. Ida Wu Koianiken. Kudu's on the name. I would have totally botched that. I actually
1:54.9	got, I looked up how to pronounce this name and it was there. It showed up on his Wikipedia.
2:00.8	Well done. Yeah. I don't think Nate Minnick has a pronunciation.
2:04.7	I don't. Yeah, Google didn't get that far yet. It's fine. It's fine. We'll get there someday.
2:08.3	But in the meantime, a great quote and very true, right?
	...

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