MaidThis

4 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jul 28, 2021 by Neil Parak · said 4 times in 1 episodes since 2021 · across every show →

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2021 4 mentions in 1 episode

Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises Jul 28, 2021 · 4 mentions · from 0:04
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Everything said about MaidThis, oldest first

Jul 28, 2021 neutral

Disclosure

Parak: MaidThis invested roughly $200,000 to launch franchise operations

“For the franchise operations, I probably put 200,000 dollars in to get that set up.”

Neil Parak Jul 28, 2021 ▶ 13:25 Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises

Jul 28, 2021 neutral

Disclosure

MaidThis charges franchisees a $35,000 initial fee and 6% royalty

“So the franchise model we charge 35,000 dollars for the initial fee and then we charge Six percent royalty is the amount that's charged for the ongoing fee.”

Neil Parak Jul 28, 2021 ▶ 9:41 Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises

Jul 28, 2021 neutral

Disclosure

Parak: MaidThis's residential customer acquisition cost is around $66

“Ours is probably about, I think last time I calculated a CAC with for regular essential, I think was about 66 dollars.”

Neil Parak Jul 28, 2021 ▶ 15:20 Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises

Jul 28, 2021 negative

Insight

Parak: Uber-style on-demand models fail for vacation rental cleaning

“The biggest competitor is called Handy, where it's just like an Uber type service for cleaning. It can't, what we found is it can't really be like that for Airbnb vacation rentals. That's why we're doing the franchise model, which is much more localized for th…”

Neil Parak Jul 28, 2021 ▶ 1:35 Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises

MaidThis

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