Spiffy fleet revenue splits evenly across oil, washes, and other services
Scott Wingo · Spiffy Hits $50m Revenue Cleaning Cars with automated software stack and 280 vehicle cleaning fleet · Jul 21, 2022 · at 4:22
Scott Wingo, CEO and founder of mobile vehicle maintenance startup Spiffy, explains the revenue breakdown of their B2B fleet management service to host Nathan Latka.
0:00 / 0:08exact quote · 8.9s
720p mp4 · rendered on demand · StarZero watermark
“Of that fleet business about a third is oil change, a third is wash, and a third is other, which includes tires, brakes, light repair, windshield, odor elimination.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Scott Wingo
Spiffy generates $3 annual revenue per capita in its mature Raleigh market
“If you look at our Raleigh market, which is one of our biggest ones, it's our home market. We're getting you know, three dollars for every million people in our per capita. So, so, so that's kind of the ceiling that I'm aware of right now that we can get to. W…”
Wingo: Secondary share sales are not a major consideration at Spiffy
“I'm in a position, this is my fourth company where I don't really want to do secondary. I'm kind of doing the opposite. I'm investing into things. So secondary hasn't been a huge consideration for us.”
Spiffy employs its mobile technicians as W-2 workers without guaranteed hours
“They are. They're W-II. So they, you know, the W-II worker is an hourly employee. They are an employee, but they don't all get 40 hours.”
Wingo: Spiffy crosses $50M in annual recurring revenue
“We just crossed fifty million AR so that was exciting.”