Mobile service units are likely Yeply's second-biggest monthly cost
Antti Kansanaho (Antti Consala) · He used software to fix 10,000 bikes last month, made $400,000 revenue · May 25, 2022 · at 6:26
Antti Kansanaho, CEO of mobile bike maintenance startup Yeply, explains the company's cost structure compared to traditional brick-and-mortar bike repair shops.
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“Yeah, that's probably the second biggest cost of the month. The actual unit service units, but then if we compare it to a traditional bike shop where you are looking at the costs of your venue.”
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More from Antti Kansanaho (Antti Consala)
Yeply Employs All Mechanics In-House Rather Than Using Gig Workers
“Are they all, we employ them all. So it's all in-house. It's not your typical platform business.”
Yeply completed roughly 10,000 bike repairs in the prior month
“It's about probably closer to 10,000, I would say last month.”
Yeply's average consumer revenue per fix is €100 to €110
“We do our average revenue per customer is about a hundred euros, a 110 euros, depending on the market.”
Yeply generated €300,000 to €400,000 in monthly revenue
“That's probably somewhere around three to 400,000 last month.”