ilmscore | Making $2500 Per Day with a Luxury Dog Hotel | Undercover Millionaire

Making $2500 Per Day with a Luxury Dog Hotel | Undercover Millionaire

Published: 2023-10-24
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The business is planning to expand due to overwhelming demand, indicating potential for growth.
"we have to expand or we had to go get another location which we chose to uh expand but then it's just the community started just tooting us up"
Doggy Daycare Expansion
Pending
The doggy daycare facility is undergoing a significant expansion, adding 40 new 'nicer suites' and 8 new rooms, more than doubling its capacity.
"we're going to add 40 of those nicer sweets so it's all going to be the nice ones instead of the condo ones okay so that'll add 32 of those and then we're adding eight new rooms"
Doggy Daycare Expansion
Pending
The expanded doggy daycare facility will feature personal televisions in some of the new suites, aimed at providing comfort and a home-like environment for dogs.
"The dogs will be the first ones to get to watch the TV in the new doggy room so what do you mean TV in the new doggy room yeah TV in the new doggy room"
Doggy Daycare Services
Pending
The owners are reinvesting almost all profits back into the business with the goal of expansion to new locations and greater community impact, indicating a strong growth-oriented strategy.
"we don't take anything we take I think it's after tax $7.90 a week so we take just a little bit just enough to pay our expenses cuz we just want to grow the business and get more locations and make more impact on everyone in different communities as well"
Business Growth Strategy
Pending
The current pricing for unlimited daycare ($250/month or ~$12/day) is considered too low and is expected to increase in the future, as it was a grand opening special. This suggests potential for increased revenue.
"I feel like that's way too low it's like $12 a day... but we will probably raise that that was just for grand opening just to get people in cuz the daycare really fuels the boarding as well"
Pricing Strategy
Pending
A significant challenge for future expansion is replicating the personalized service and owner presence that customers value, particularly when managing multiple locations.
"my biggest concern is possibly scaling this and building it up in another community that you don't live in full time and then I'm worried splitting your time between locations means that you're going to get less FaceTime here"
Scalability Challenge
Pending
The business's success is strongly attributed to highly supportive customers who love the service and the owners, indicating a strong brand loyalty that will be key for future growth.
"we have the best customers ever here at zumies they are so supportive and we would do anything for them you can ask them anything and they'll let you know everybody seems to love our dog so I mean he's excited to come here"
Customer Loyalty and Business Success
Pending
The doggy daycare operates on a 'gym model' where daycare services drive boarding revenue, suggesting a strategy for consistent customer acquisition and utilization.
"it's kind of like a gym model in that sense but we will probably raise that that was just for grand opening just to get people in cuz the daycare really fuels the boarding as well people that use us for daycare when they go out of town they're going to use us for boarding as well"
Business Model
Pending
The business is significantly expanding its physical space by constructing a new building that will be approximately double the size of the current facility, indicating rapid growth.
"we decided we either need to make a new store or renovate back here so this is our old big dog yard that we're walking into and it's becoming another new building which is going to be about double the size of the building we were in"
Future Business Strategy
Pending