About Lapa Lopa

Lapa Lopa is a B2C application aimed at solving the problem of urban multifamily house cleaning services. Cleaning services currently available to apartment dwellers are regionally focused and expensive. By focusing on multifamily buildings with more than twenty units, in urban markets, Lapa Lopa is able to achieve the same economies of scale as hotel cleaning. As a subscription service, they will clean every other week and will clean kitchens and bathrooms using green products. 

 

Investment thesis

  • Individuals who live in apartments in urban cities want the same quality home cleaning services as single family home owners 
  • High-end multifamily asset operators want to offer high-end services to their residents, at little to no cost
  • Potential ARR through this business model is highly attractive and will offer high end returns
  • Multiple and varied exit opportunities 
Management

Howard Behr, President & Founder
Brooks Radighieri, VP of Operations

Lapa Lopa currently has over 275 active residents using their service, growing 120% MoM from October to September. The development team recently completed development in the platform to allow for contract cleaners. This is a key step toward establishing a solid model to scale the business. They already have about 10 contractors signed, who have passed their background checks, and several began cleaning over the past week. Currently the customer base is growing around 4 new residents per day, and the total ARR by the end of 2018 is projected at $234K.

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