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SaaS Interviews with CEOs, Startups, Founders

PushPress.com Hits 1,000 Gym Customers Paying $140 Each

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 27 May 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

Dan Uyemura is the CEO of PushPress.com, a tool that helps boutique gyms grow. 

Dan shares why he took a $500k loan from the SBA to start the company.

Why why he spent $100k in 2010 to open his own gym. How he grew to $1.6m in revenue run rate, up 63% from 2019. 

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Transcript

Click on a timestamp to play from that location

0:00.0

Guys, there you have it. Push Press launched back in 2013 after they bought his own gym and wasn't happy with the gym software.

0:07.1

They've now launched in their pure SaaS place serving over 1,000 customers, 1,000 gyms paying on average $140,000 a month, doing $140,000 a month right now in revenue up from $86,000 a month just a year ago. So obviously a nice growth rate there. They raised $500,000 in debt at about a

0:21.5

$7% interest rate on an SBA back loan, which is nice. They keep all their equity, no traditional

0:25.4

VC raised, only burning about $15,000 per month as they look to scale this year. Currently,

0:29.7

16 folks on the team, three engineers, net revenue retention, 101% and payback period of

0:34.1

three months, super healthy economics. Nathan Lacka here, guys, and if you're enjoying the podcast, remember, there's a premium version

0:40.8

with even more.

0:41.7

You get early access to episodes, so you would have heard this almost four weeks ago.

0:46.0

There's 1,500 searchable transcripts by data points, like revenue greater than a million,

0:50.6

or located in the United States, or bootstrap SaaS companies only. If you want to help out

0:55.7

right now, head to getlaka.com or check out the show notes for a link. Your support also helps

1:01.0

us to continue to produce high quality shows in the future. Hello, everyone. My guest today is Dan

1:07.2

Weimarra. He is the founder and CEO of a company called Push Press, helping boutique

1:11.0

gyms grow faster. Dan, you ready to take us to the top? Hell yeah, let's do it.

1:15.1

All right, man. Let's jump in. So what came first, like the software development brain or your

1:18.7

gym brain? There's a little bit of both, actually. So I was a software developer for companies,

1:25.2

like my space and stuff down here.

1:33.1

I became a member of a gym here and just was just totally not impressed with the software that they were using.

1:36.7

Did a little research, found out that that company was pretty much the behemoth of the industry,

1:39.4

and decided I wanted to look into making the software.

1:45.4

So in order to do that, we opened a gym because we figured the best way to understand how to build the best gym software is to open a gym itself.

1:48.6

Okay, so what company was it that was doing a bad job?

...

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