$25,000 invested

17

Investors

Complete

Status

Funded on NextSeed TX

Revenue Sharing Notes ?

Multiple 1.05x
Maturity 35 months
Minimum Target $25,000 ?
View Key Terms

Hair Revolution

Houston, TX

  • 2014 revenue and 2015 projected revenue of over $1 million
  • Established 2010 by a 14-year veteran of the salon industry
  • 4.5 stars on Yelp based on 38 reviews

Investment Details

$25,000 invested

17

Investors

Complete

Status

Funded on NextSeed TX

Revenue Sharing Notes ?

Multiple 1.05x
Maturity 35 months
Minimum Target $25,000 ?
View Key Terms

Company Description

Hair Revolution is a full service salon, located in the Clear Lake area in Houston. Our salon is fun, stylish and unpretentious. Our guests always comment on how clean and laid back the salon is. We love what we do because of the difference we make in our clients’ days. It’s such a reward when a client who was having a bad day feels better after having her hair done!

Offering Summary

Issuer
Hair Revolution LLC
Entity Type
Texas limited liability company
Principal Office
14870 Space Center Blvd
Houston, TX 77062
Founded
2010
Business Model
Salon services and product sales. Full menu of high-quality salon service options and haircare products for both men and women.
Use of Proceeds
Proceeds will be used to increase product lines and engage in more social events such as hair shows and photo shoots. No portion of proceeds will be used to compensate any owner, director or manager.
Key Personnel
Nghia "Simon" Nguyen, sole owner and director
Bios of key personnel provided below
Securities
Revenue Sharing Loan Agreements
Offering Amount
$25,000
Ownership % Represented by Securities
0%. Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Use of Proceeds

The proceeds from the offering will be used to increase product lines and to engage in more social events like hair shows and photo shoots (examples below). None of the proceeds will be used to compensate any owner, director or manager.

Key Terms

Minimum Investment
$100
Maximum Investment
Accredited investors: No limit
Non-accredited investors: $5,000
Investment Multiple
1.05x
Investors will each receive in the aggregate 1.05x their original investments, as a result of being paid their proportionate shares of the Issuer’s gross revenue on a monthly basis.
Revenue Sharing Percentage
4.0%
The Issuer will share 4.0% of its gross revenue on a monthly basis with the investors as a group until the investors are paid in full.
Maturity
If the investors have not been paid in full within 35 months after the closing of the offering, the Issuer is required to promptly pay the entire outstanding balance to the investors.
No Security Interest
All obligations of the Issuer under the Revenue Sharing Loan Agreements are unsecured obligations.

Bonus Rewards

Invest $100 or more

  • $10 Hair Revolution Gift Certificate (Certificate can be used for services or product at Hair Revolution.)

Invest $300 or more

  • $30 Hair Revolution Gift Certificate (Certificate can be used for services or product at Hair Revolution.)

Invest $500 or more

  • $75 Hair Revolution Gift Certificate (Certificate can be used for services or product at Hair Revolution.)

Invest $1,000 or more

  • $150 Hair Revolution Gift Certificate (Certificate can be used for services or product at Hair Revolution.)

Invest $2,000 or more

  • VIP Makeover - Receive a consultation from one of Hair Revolution’s expert stylists and a special makeover session! Includes a cut, color, style, makeup and before & after photos.

Invest $3,000 or more

  • VIP Makeover for 2 - You and a friend will receive a consultation from one of Hair Revolution’s expert stylists and a special makeover session! Includes a cut, color, style, makeup and before & after photos for each of you.

Invest $4,000 or more

  • VIP Brunch Blowout Party for Up to 5 - We’ll open up the shop on a Sunday, exclusively for a private brunch party for you and your closest friends! Everyone receives a shampoo, deep conditioning treatment, blowout and style. Drinks and food will be served!

Invest $5,000 or more

  • VIP Brunch Blowout Party for Up to 8 - We’ll open up the shop on a Sunday, exclusively for a private brunch party for you and your closest friends! Everyone receives a shampoo, deep conditioning treatment, blowout, and style. Drinks and food will be served!

Business Model

Our business model comprises salon services and product sales. We offer a full menu of service options for both men and women. Our pricing is upmarket but not outrageous, as we try to ensure that we are just on the cusp of luxurious without being priced at that level. We have a diverse group of guests, but women between the ages of 13-55 are our biggest client group. In terms of product sales, we have direct distribution arrangements with select brands as well as wholesale distribution relationships with other partners.

Leadership

Nghia "Simon" Nguyen
Owner

Style and fashion were the drivers that initially pushed Simon into cosmetology. He spent the first six years of his career at a popular, high-end hair salon in Houston, honing his skills as a hair stylist. Eventually, Simon’s desire to create his own business and realize his vision for a great salon experience led him to strike out on his own. When he first embarked on this journey, Simon rented a booth in a shared salon space. It was this intermediate step that helped him develop his business skills and learn the nuances of the high-end salon business. Over the next three years, he built up a loyal clientele base that gave him the confidence to make the leap to running his own salon. Simon launched Hair Revolution in 2010 and has grown the business through his work ethic and attention to detail. However, it’s his sincerity and strong customer service that make the Hair Revolution experience what it is today.

History

As told by Simon Nguyen, owner:

I was initially drawn to hairstyling because of my interest in fashion and the arts, but I soon developed an appreciation for the business side. Working at an established salon, I always found myself thinking about how I could enhance the customer’s experience. I enjoyed imagining how I would do things better or more efficiently if I had the freedom of running my own salon.

One of the quotes I try to live by is, “Don’t talk about it. Be about it.”

I rented a booth for three years in a shared salon space, testing the waters and learning more about running my own business. When I finally found the perfect location – a 1400 square foot space in a densely populated Clear Lake neighborhood – I pulled together my life savings and brought in a fantastic crew to join me. In 2010, Hair Revolution was born.

We started with a team of four dynamic stylists and my brother to handle operations, and we have since grown to a band of eight. We strive to get better each day and provide a professional and comfortable experience that our customers can truly rave about. By relentlessly focusing on providing an exceptional customer experience, our business has grown every year. In 2014, we had a banner year with more than $1 million in revenue.

May 20, 2016

Final payment complete!

Hair Revolution just completed the final payment to investors! After 11 months of sharing 4% of monthly revenues with investors, we came in right on time with our final payment. Investors received 1.05x their principal investment (that’s a 7.29% net return).

hrupdate5

September 21, 2015

New products!

I wanted to take a moment to thank you all for your trust in Hair Revolution. It feels like we just ran the campaign yesterday, but we’ve already made three monthly payments back to investors already! We’re excited about a new line of hair care products we just brought into the shop. It’s called KEVIN.MURPHY, and our clients have really loved it.

I appreciate everyone who has stopped by the shop – it’s been a blast getting to meet you.

– Simon

hrupdate4

August 2015

A stylish education

This month, we had a private, in-salon class with Mr. Jeff Wacker, an educator with Living Proof. Living Proof is actually a brand created by MIT biotech engineers who are constantly researching different ways to create innovative solutions to beauty problems. Jennifer Aniston is a co-owner of the business.   Read More

Finally, the Hair Revolution team attended the World’s Fair of Cosmetic Arts & Sciences here in Houston this month. It was a 2-day event, and we found plenty of inspiration and excitement. It’s always neat to check out new techniques from different hair stylists from around the world. There are some cool trends coming our way!
      Read Less

– Simon

hrupdate3

May 21, 2015

We did it!

Hair Revolution successfully raised $25,000 from 17 investors on NextSeed!

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April 22, 2015

For Texans, by Texans

Hair Revolution launched the first-ever Texas crowdlending campaign to raise funds from Texas investors.

hrupdate1

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