Mini Hotel
topic on 1 show · 18 statements across 1 episodes · said 22 times in 1 episodes since 2023
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2023 22 mentions in 1 episode
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18 statements about Mini Hotel, every show
Over 90% of Mini Hotel customers stayed through the COVID-19 pandemic
“Our clients were, during COVID, we had a 50% drop in our revenue, but the clients came, came through it, and in 90 plus percent of them stayed”
Mini Hotel loses a maximum of one customer per month
“We don't have more than one client per month leaving us.”
Mini Hotel's customer acquisition and onboarding cost is $300 to $400
“A client mostly costs us around three or 400 dollars to implement because we have automated tools that are helping us.”
Yuval Stockhammer values Mini Hotel at a minimum of $15 million
“I, in my head, it's at least fifteen million dollars.”
Mini Hotel walked away from a $7M to $8M buyout offer
“Back then we were at 1.2, so it was between seven and eight million dollars.”
Mini Hotel declined an acquisition offer at a 6x revenue multiple
“We get like one offer per month organically, and we declined like a six X multiple recently.”
Mini Hotel supports government-compliant invoicing in over 50 countries
“We have invoicing, for example, ready in more than 50 countries. So when you make like, when you're in the reception, making the accounts, making the invoice from the client, it's transmitted to the government.”
Mini Hotel spends roughly $4,000 monthly on paid advertising
“We spend around four thousand dollars per month. For paid, just for paid ads.”
Mini Hotel adds around 40 clients per month
“And since 2021, we market only a new browser product, very nice, very top notch work. And since then, specifically, we add up around 40 clients per month.”
Mini Hotel invested over $100k to expand into Serbia
“All year round, all 20, 22, we had like more than 100 K US dollars of our own money. We invested just to open up, you know, to advertise, to hire people, to find the office”
Mini Hotel was profitable every year since 2007 except 2022
“Since we started the business, we were profitable all years since 2007 till now, except for 2022.”
Mini Hotel has 30 employees across three offices
“We are, we have 25 people hired directly and full-time in three offices. And we have like four or five more always like in the partial time. So it's almost right now, 30 employees with us together. It's 30 employees.”
Mini Hotel's equity is split 60/40 between father and son
“Because he was there, like one or two years before me, he's like, 60% right now, and I'm 40%.”