Neil Parak

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

On the record as a speaker too: Neil Parak's record, appearances and statements → this page counts the times other people say the name.

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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

Assertion Supported

MaidThis operates two corporate locations and two franchise locations

“So now I am running two corporate locations for this and we have two franchises as well. So we just started the franchise operations a few months ago.”

Neil Parak Jul 28, 2021 ▶ 0:28 Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises

Jul 28, 2021

Disclosure

Parak: MaidThis has been bootstrapped with zero outside capital

“Bootstrap, bootstrapped from day one. And the great part about the business model is like, it is pretty lean, right? You get a job, you do the marketing at the beginning, but it's highly recurring revenue. So especially when you get that client in, you keep th…”

Neil Parak Jul 28, 2021 ▶ 6:53 Cleaning Marketplace Hits $1.2m ARR, Now Scaling with $35k Franchises

Neil Parak

Everything said about Neil Parak, oldest first

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