Larrinaga: Be Pretty has reached break-even in Chile
Alvaro Larrinaga · 1711 3500 LatAm Salons Pay Him $3.2m in ARR for Customers · Mar 31, 2020 · at 9:14
Alvaro Larrinaga, founder of Be Pretty, breaks down the profitability and market maturity of the company's original Chilean market.
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“Chile, it's a market we are already on a break even.”
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More from Alvaro Larrinaga
Larrinaga: Be Pretty has 3,500 paying salon customers across Latin America
“We have 3500 beauty salons all over Latin America.”
Be Pretty charges salons 8% to 9% commission, averaging $85 monthly
“We charge them, it's around eight to nine percent of all the beauty services they do through our platform, and that's approximately in US dollars, that's 80 dollars a month, 90 dollars a month per salon, depending on the markets, but that's an average.”
Larrinaga: Be Pretty grew revenue 3.6x year-over-year
“We grew three times. A bit more. It's 3.6 times exactly our year growth. We opened two new markets this new year.”