Everything Cam Doody said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Doody: Bellhops Generates 60% to 70% Gross Margins on Total Order Value
“So our margins are between 60 and 70% of total order value.”
Doody: Bellhops pays movers $13 to $15 per hour
“We pay our bell off between 13 and 15 bucks an hour.”
Doody: Broad advertising fails for moving because only 1% moves simultaneously
“If we were to buy billboards and things of that nature, you know, at any one time, you're only, You know, speaking to one percent of the population, because it's not like Uber or Postmates where everybody can use you at any one time, right?”
Doody: The traditional moving market is worth $20 billion
“The moving industry, the 25% of Americans that, that hire traditional movers is a twenty billion dollar space.”
Doody: Moving is a 30-to-40-day process, not just one day
“Moving is not just moving day, right? It's like a 30 or 40 day process, and so before actual moving day, you are buying things on Craigslist, selling things on Craigslist, you're you are taking stuff to and from storage, you're, you are donating things to char…”
Doody: Bellhops Did $6M in Gross Revenue in 2015
“We, 2015, we did let's see, 14 would have been 15. We did six.”
Doody: Bellhops Is Launching Its Own Truck Fleet
“Especially as we start launching our fleet of trucks, which is the next biggest strategic initiative for the company.”
Bellhops charges around $40 per hour per mover
“We charge around, it depends on the market, but around 40 bucks an hour per bellhop.”
Bellhops generates around $50 contribution margin per order
“Contribution margin right now is around 50 bucks in order. And we, we've got a lot of things and with full service jobs, it's way higher than that.”
Bellhops achieves profitability on its first customer move via contribution margin
“We're a company that's profitable on the first move from a contribution margin.”
Doody: Bellhops raised $13.5M Series B, reaching nearly $22M total
“We closed our series B then the last year and we raised 13 and a half. So today we've raised almost twenty two million.”
US moving market splits into 40M DIY and 10M hiring movers
“We're splitting this market between the forty million do it yourself movers a year. And then there's the other ten million that are hiring movers.”
Doody: 15,000 local moving companies operate in the US market
“There's 15,000 local moving companies.”
Doody: Bellhops is operating across 85 cities
“You know, we're in 85 cities now.”
Doody: Bellhops Generated About $400K in 2013 Sales
“We raised our seed round in late 2012. Okay. And so 13 was our first year and we did about 400 K in sales the first year.”
Doody: Bellhops' Average Full-Service Move Costs Just Under $400
“So our average full service move is currently right under 400 bucks.”
Doody: Bellhops' 2015 Average Order Value Was Around $170
“And so last year, our average order value is, was closer to like a 170 bucks.”
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