Question 1

How do i see the details on the preferred stock ?

Accepted Answer

The documents become available when you make your investment, which you can subsequently elect not to finalize. The key terms are that you get "Preferred" equity AND "Participation." Preferred means that on the sale of the company Preferred investors share in the initial distribution of the results until all Preferred investors receive 100% of your money back. Then, Preferred shareholders participate with all shareholders in the remainder of value created based on your percentage of the total...

Question 2

I really like this concept. Revenues of $35,000 are awesome and the exposure from WeFunder will explode that number. There is a statement that says "Over the three months prior, revenues averaged $35,000/month, cost of goods sold has averaged $22,000/month, and operational exp...

Accepted Answer

Thank you Darron. We have two primary Cost of Goods Sold (COGS); our hair color and shipping. In volume, CLICS' COGS is low at around 20%. So every $1.00 in sales produces about $0.80 in gross margins. Our core staff is most of our current monthly expense at about $100,000 per month. CLICS' pro forma projections indicate that we will get to breakeven at around 40 salon customers. This is a small number and we will exceed that in 2021. We are in discussions with a 500 salon chain as I write th...

Question 3

Do salons lease the dispenser, or do they purchase it? At what price/terms? It sounds like this could be the ideal razor/razor blade model, leasing/selling the dispenser cheaply in order to sell the higher margin color product. Would salons be able to use their existing color ...

Accepted Answer

Daniel, Great observation. This is a razor/razor blade business. The cost of entry is a $500.00 set up fee. This is a very low cost of entry for salons. For that the salon gets two dispensers, a full complement of color, and training; a $10,000 value. Our average customer buys between $3,000 to $8,000 per month of our color, producing approximately $2,600 to $6,400 in gross margins. We have a machine lease fee of $8.25 per machine per day, but waive the lease fee for both machines when salons...

Question 4

How many shares will I recieve with a $250 investment?

Accepted Answer

Hi Johnny! $250 investment will get you 54 shares.

Question 5

Who is the lead investor

Accepted Answer

I led the first round with a $100,000 investment. Arlene Harris, the inventor of the Jitterbug cell phone lead the second round. Vice Admiral (three stars) Walter Davis is leading this round. Prior to our Wefunder campaign, CLICS attracted 59 investors and of those we have received 48 follow-on investments. This is one of the clearest indications that our investors are happy with our performance.

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Digital hair color mixing system — helping salons reduce cost and waste

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