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SaaS Interviews with CEOs, Startups, Founders
How this Hotel SaaS Hit $1.3m ARR and 1400 Customers
Sep 21, 2023
21:19
Snipd AI
A father and son SaaS team turned down a $7m all cash offer. They serve 1400 small hostels and vacation homes. Discussed topics include revenue, customer acquisition strategies, team size, company value, and financial aspects.
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Quick takeaways
- MiniHotel.io serves over 1,400 smaller hotel chains and vacation rentals with an average monthly fee of $85, experiencing significant growth and adding 40 new customers monthly.
- Despite receiving offers of acquisition, including a recent $6-7 million offer, MiniHotel.io remains committed to their growth strategy of serving their target market of smaller hotels and vacation rentals while continuously adding new customers.
Deep dives
The Growth and Focus on Small Hotel Chains and Vacation Rentals
MiniHotel.io, a pure SaaS for the hospitality industry, serves over 1,400 smaller hotel chains and vacation rentals with an average monthly fee of $85. The company, currently generating around $1.3 million in monthly revenue, experienced significant growth, adding 40 new customers monthly. With a bootstrap business model, MiniHotel.io aims to maintain 100% ownership. The company leverages paid ads, including Google and Facebook, and platforms like Capetera to attract customers.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode