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Snailz isn't accepting new investments

Snailz’s deadline was March 1, 2021

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Snailz

The beautifully simple way to book your next salon appointment
Women Founders SaaS Personal Care Apps
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$206,615
Raised
422
Investors
Successfully funded and closed on March 1, 2021.
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Closed on March 1, 2021. Information may not be up-to-date. Campaign closed on March 1, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Snailz, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Snailz Crowd SAFE Snailz Form C-A 9.24.20.pdf
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Hear from some of the 422 investors in Snailz


Show more

Highlights


$100K+ revenue
Company had over $100K in revenue in the past 12 months
  • Nail salon booking app with 350+ salons in the NJ and NYC areas
  • $1-2.5B+ opportunity
  • 20% market penetration in Manhattan
  • Strategic partnership to expand into salons nationwide
  • 50K+ customer registrations
  • $1.3M+ in bookings to date
  • See our note on operating during Covid-19 in the "Solution" section.

Problem


Finding the perfect "me time" shouldn't be difficult

We believe that finding the perfect nail salon shouldn't be so stressful.  Snailz removes all the uncertainties of receiving a great service on your schedule with just a few clicks.  


Finding reliable salon reviews can be difficult.  Quality service can vary greatly in a salon based on the technician providing the service or the type of service received.  A salon may be really good at power dip manicures, but acrylic nails are just not their thing.  Having this intel before you go in can be the difference between pure joy and total disappointment.

Nail salons can get very busy and wait times can be unpredictable; it's not uncommon to walk into a salon and be told to wait a few minutes and then still be waiting twenty minutes later.  Calling salons to check availability can often result in phones not being answered or uncertainty as to whether your requests were properly understood and written down.

Paying for services can also be frustrating if you find out that you were upsold a higher priced service, or the price for the service you received has been increased or cash is strongly recommended...and on top of that you forgot to bring your loyalty card! 

Solution


Snailz: the perfect solution to help keep customers and salon workers safe 

Snailz is an online platform designed to make the nail salon experience as seamless as possible. We enable customers to browse, book and pay for services through our app, while providing salon owners with real-time, comprehensive data on all customer appointments. This helps salon owners provide the best service, while allowing customers to conveniently manage their bookings and find the best salons. 

Customers book appointments at convenient times, and modifying or cancelling appointments is very easy. Salons are immediately notified of a booking on their Snailz salon portal and are prepared for the service when the customer arrives.  Service prices are never higher than what is charged at the salon, and many salons will offer exclusive discounts to Snailz clients. The service price when you book is the price you pay, no surprises.

After Snailz customers check out on their app, they rate the service and leave detailed reviews.  Customers rate the specific service received, so others can find out, for example, which salons do the best gel manicures and which one's don't.  Customers rate the salon's promptness, professionalism and cleanliness, helping to promote a safe environment.  Customers automatically get a digital loyalty "punch" for their visit and redeeming rewards is effortless.

COVID-19 UPDATE

Covid-19 has forced nail salons to rethink how they'll safely operate.  Everything from wearing masks to the number of people in the shop at one time to even the use of cash will be affected.

In order to adhere to state guidelines and provide the safest environment possible for customers and workers alike, nail salons will most likely have to accept appointments only (ie, no walk-ins), and operate at a fraction of their typical capacity. This likely means planning nail salon visit days in advance and scouring reviews to make sure to only visit salons that are doing everything possible to keep customers safe.

The Snailz platform uniquely helps foster a safe nail salon environment.  Specifically, we alleviate the following concerns: 

  • Social distancing - enabling online appointments and creating technician schedules that space out availability limits the flow of customers.
  • No contact payments - eliminating the exchange of germ-carrying cash and credit cards by paying and tipping with a few taps on the mobile phone. 
  • Paper loyalty cards - eliminating the need to get a physical loyalty card punched by digitizing the salon's loyalty program on the Snailz platform.
  • Contact tracing and notification service - If a salon worker contracts the virus we can notify all customers that were in the salon over the prior fourteen days.  Salons that use paper calendars and accept walk-ins have incomplete data putting customers and their loved ones at risk.
  • Covid-19 safe ratings - customers reviewing the salon's safety measures motivates compliance and helps others make the best salon choices.

Product


The beautifully simple way to book your next appointment

Using Snailz couldn’t be easier. All nail salon customers need to do is download the app or go to the web, create an account, and go from there. 


Snailz provides access to hundreds of vetted and reviewed partner salons. Appointments are available for booking 24/7, and our customers don’t have to worry about carrying cash for tipping, as everything is paid for in the app. For each booking, users earn Snailz pointZ ($1=1 point) that can be redeemed for discounts on future bookings and get rewarded for repeat visits with our digital loyalty cards.



All it takes for salons to join our platform is to contact us and begin registration. From there, salons can track customers and receive instant payment through Snailz into one's account. There are no monthly fees, no contract, and no limits to our services. 

Traction


Over $1.3 million in bookings and counting

We currently have 350+ salons in the NY and NJ areas active on our platform, and we continue to add new salons. We’ve been growing rapidly with a 20% market penetration in Manhattan.  We are now poised to expand rapidly across the US with our new strategic partner: Universal Processing, one of the country's largest Asian-owned merchant processors with thousands of nail salon accounts and multiple office locations nationwide. 

Customers


A better experience for all

With Snailz, the salon and the customer both leave the experience satisfied. Customers are looking for a premium experience appreciate our verified reviews, clean interface, discounted pricing, and ease of booking and payment. On average, we’ve seen salons that partner with us bring in an average of $45/appt and a 22% tip. We’ve seen a marked growth in both salons and customers — all thrilled with their experiences. 

Business model


$1.3M in bookings to date

We charge a standard 13.5% commission fee on all appointments booked through our app. With over 350 salons participating in our launch, we've realized over $1.3M in bookings and are on track to expand nationwide.

We conservatively estimate that by 2024 we'll be operating in 8,000 salons and generating over $70 million in revenue. These figures also assume that our average customer booking holds steady at $45 (despite currently averaging over $47) and we reach our low end target of four appointments per salon per day.

Market


A $1 - $2.5B opportunity

There are over 50K nail salons in the USA that generate over $8 billion of bookings annually who could benefit from our product. In addition, our product is being used in eyelash salons, waxing centers, and eyebrow threading salons.  We call this our "beauty chores" market opportunity.  Our product development roadmap includes enhancing the product to enable Snailz to provide bookings for hair salons as well, opening us up to address the entire $64 billion beauty appointment category.  With an average booking value of $45 and an average bookings of 4x/day, we stand to make over $518M in gross bookings by just reaching 10% of the total beauty chores salon market.  At 20%, our potential market is $2.5B+ in bookings.

Competition


A superior customer experience

Vision and strategy


Capturing 20% of nail salons across the US

By reaching our funding goal, we will have the capital necessary for rapid expansion.  We intend to put funding towards growing our salon base in other markets, app and web development, and increasing our marketing outreach to nail salon customers. Our ultimate goal is to capture 20% of the 50K+ nail salons across the USA — a $2.5B market opportunity and potentially $350M in revenue. 

We also will begin R&D on the next generation of our product, which, in addition to providing improved features and functionality, will integrate into our strategic partner's (Universal Processing) merchant processing products to provide a best in class booking and checkout solution for nail salons and all of their customers.  

We also intend to expand to other beauty categories such as hair salons and market our valuable consumer data to beauty and other female-focused brands.

Funding


We've been funded to date through a convertible note offering placed with strategic individuals that are accomplished executives in the fields of venture capital, digital media, technology and beauty.  The investor group is an invaluable resource for advice and contacts as we scale our business.

Founders



Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Snailz occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Snailz is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Snailz needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Snailz, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Snailz Crowd SAFE Snailz Form C-A 9.24.20.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Snailz.
Invest
$100
Receive
  • Special mention on our Twitter and Instagram page
Invest
$500
Receive
  • $25 gift card to be spent at any Snailz salon - never expires and can be gifted to others!
Invest
$1,000
Receive
  • Exclusive "I'm An Owner" T-Shirt
Invest
$5,000
Receive
  • A Day of Beauty at any Snailz Salon
1 investor
Invest
$100,000
Receive
  • A position on the Snailz Advisory Board
  • Limited (1 left of 2)

Why others invested

See all reviews (0) See all (0)

No clear winner in this space, could easily gain marketshare and traction. Even with just a small adoption in major cities it's an easy acquisition for a yelp, groupon or other daily deal site. Threats include Google rolling out something similar inside their google business features. Everyone fighting for customers, if you own a nail salon, etc this is a no brainer. Would be prudent to be listed and make the most of it

Profile picture of Michael Jarmuz
Michael Jarmuz
Active investor
about 5 years ago

I regularly use Snailz and believe it’s a wonderful app in an amazing market. Especially now due to COVID-19 scheduling appointments for services is paramount.

Profile picture of Leanna Pearson
Leanna Pearson
Active investor
about 5 years ago

I like apps with incredible potential, especially those that can solidly establish relationships for repeat business. I read your whitesheet and it appears you’re the strongest and most feature rich app in the category.

Profile picture of Eric Zaccaria
Eric Zaccaria
Active investor
almost 5 years ago

About Snailz

Legal Name
Snailz, Inc.
Founded
Apr 2016
Form
Delaware Corporation
Employees
0
Website
snailzapp.com
Social Media
Headquarters
Google Map location of of Snailz
401 Broadway , New York, NY
Headquarters
401 Broadway, New York, NY, United States 10013

Snailz Team
Everyone helping build Snailz, not limited to employees

Profile picture of Darren Sardoff
Darren Sardoff
CEO & Founder
Darren has extensive experience as an entrepreneur, investor, public company executive and investment banker across the software, technology, media and entertainment sectors.
Profile picture of Lori Sardoff
Lori Sardoff
COO & Co-Founder
Lori's background in psychology as a social worker guides the outstanding customer and salon service/relations work she leads at Snailz.
Profile picture of Siqi Zhou
Siqi Zhou
Salon Operations
Profile picture of Anjelika Kour
Anjelika Kour
Technical Product Lead
Profile picture of Amanda Kok
Amanda Kok
Creative Designer
Profile picture of Mia Reardon
Mia Reardon
Business Development
4 more team members
Darren Sardoff
CEO & Founder
Lori Sardoff
COO & Co-Founder
Siqi Zhou
Salon Operations
Anjelika Kour
Technical Product Lead
Amanda Kok
Creative Designer
Mia Reardon
Business Development

Press

Ask Brien - Snailz App - April 11, 2019
Hometown Station | KHTS FM 98.1 & AM 1220 Hometown Station | KHTS FM 98.1 & AM 1220
·
Apr 18, 2019

Hosts: Brien Johnson Guest: Lindsey Mann Topic: Snailz App Right Click Here To Download! Click Here To Listen! Ask Brien ...

Darren Sardoff of Snailz - Booking Beauty, Simply
Omny Studio Omny Studio

A former Wall Street heavy hitter had an ah-ha moment while passing a neighborhood nail salon, inspiring a business that ...

Snailz: Discover the Best Nail Salons and Book Services o...
Choupettesdiary Choupettesdiary

Snailz was created to help modernize the nail salon industry and elevate the experience for even the most discerning of N...

Snailz - Cosmetic Executive Women
Cosmetic Executive Women Cosmetic Executive Women

Search nearby salons with immediate availability and walk in with an appointment-avoiding the wait or being turned away-o...

Logo of Snailz

Snailz

Snailz successfully raised $206,615 from 422 investors on March 1, 2021
Profile picture of John Pierce III
Profile picture of Brian Sullivan
Profile picture of Cody Keller
Profile picture of Genesis Figuereo
Profile picture of James Webb
John, Brian, Cody, Genesis, James, and 417 others invested. 60 Reviews
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