No Mo-Stache is a portable upper lip hair removal kit. No Mo-Stache provides cold wax strips, eliminating the need for a spa visit and the risk of skin burns.
No Mo-Stache provides women of all ages and skin types with a portable, discrete, and incredibly convenient waxing method at home. There is no need to deal with hot wax or spend time and money at the salon.
No Mo-Stache is a hypoallergenic waxing kit for the lips and is suitable for all skin types.
The No Mo-Stache package includes 24 strips and a small sachet of soothing aloe lotion in a small travel tin.
Simply rub a piece between your palms to warm it up, then apply it to your face. After removing the bandage, use aloe cream for instantaneous relief.
The wax will never burn your face and contains hydrocortisone to alleviate any redness of the top lip. Your skin will remain silky for approximately three weeks.
The No Mo-Stache strip is simply warmed in hand and applied to the upper lip. Rub the hair back and forth, then take it out.
No Mo-Stache’s founders, Jennifer Paschall and Gita Vasseghi, pitched their products on Shark Tank in November 2017.
They sought a $100,000 investment in exchange for a 25 percent stake in the No Mo-Stache.
What Is No Mo-Stache?
No Mo-Stache is a portable upper lip hair removal kit. No Mo-Stache strips provide cold wax to gooey wax strips instead of hot, gooey wax used in spas and salons. You won’t have to visit a spa, and you won’t risk burning your skin.
You can easily apply the No Mo-Stache strip to the top lip by rubbing it between your fingers. Remove the no mo-stache hair by rubbing it back and forth.
No Mo-Stache provides busy women of all ages and skin types of all skin types with a portable, discreet, and very convenient alternative to waxing at home.
It’s unnecessary to use hot wax and spend time and money at the salon. No Mo-Stache waxes without irritating is a hypoallergenic lip waxing kit that is gentle enough for all skin types.
A convenient travel tin comes with No Mo-Stache, which contains 24 strips and a small sachet of soothing aloe cream.
You can warm a piece of it between your palms before applying it to the face. It’s completely mess-free, and once the strip is removed, apply some aloe lotion for rapid relief.
The wax will not burn your face, and it contains hydrocortisone to soothe any redness in your upper lip. The wax will remain smooth for around three weeks.
Women need to wax their bikini area periodically to maintain smooth skin since their skin is prone to stumble.
The No Mo-bush range from Jennifer and Gita considers this and is proud to be made for delicate bikini areas.
No Mo-Stache is available in Sephora, Anthropologie, Planet Beauty, and various other luxury beauty boutiques along the California coast and throughout the Eastern United States.
Surely, they contribute to preventing embarrassing moments for ladies, one mustache at a time!
|Company Name||No Mo-Stache|
|Entrepreneur||Jennifer Paschall and Gita Vasseghi|
|Product / Business||A wax-care product line|
|Investment Asking For||$100,000 for 25% equity in No Mo-Stache|
|Final Deal||$100,000 for 25% equity in No Mo-Stache + $200,000 in royalties|
|Shark||Lori Greiner and Bethenny Frankel|
|Episode||Season 9 Episode 8|
|Business Status||In Business|
Who Is The Founder Of No Mo-Stache?
Jennifer Paschall and Gita Vasseghi are the founders of No Mo-Stache.
Women of all ages can use No Mo-Stache waxing products to meet their waxing needs without visiting a salon.
These items are waxing strips that may be used by any female to swiftly and simply remove unwanted body hair.
You can also choose between the All-Star Cleansing Brush, the No Mo-Stache Facial Razor, or the No Mo-Stache 4 Piece Skin Care Set.
No Mo-Stache Before Shark Tank
No Mo-Stache is a discreet, easy-to-use hair removal treatment created by Jennifer Paschall and Gita Vasseghi of Los Angeles.
Gita is a fashion executive, and Jennifer runs the Beauty Strip waxing salon in North Hollywood.
There is a substantial market potential for beauty products, though they are also among the most competitive categories.
More than $60 billion in annual beauty sector sales, 20% of that amount spent on skincare products.
When economic downturns affect the beauty industry, consumers continue to purchase products.
Customers also exhibit a higher level of brand loyalty toward things they are familiar with and comfortable with, yet competition is fierce.
As beauty products compete with hundreds of similar products, and franchises typically earn 15 percent of their revenues from the products they sell, a new product must be either exceptional in what it can accomplish or have an advantage over its competitors.
Jennifer and Gita would reap major benefits from having a partner associated with their beauty product if tied to a powerful business mogul.
No Mo-Stache kits had been sold 100,000 since 2012, and they needed a shark partner and an influx of capital to create new hair removal solutions for the No-Mo brand.
How Was The Shark Tank Pitch Of No Mo-Stache?
Jennifer and Gita appeared on Shark Tank seeking an investment of $100,000 in exchange for a 25% stake in No Mo-Stache.
No Mo-Stache is a compact, mess-free hair removal kit that leaves the silky skin smooth.
The face and bikini waxing strips are hypoallergenic, and each package includes aloe balm for post-waxing relaxation.
No Mo-Stache products are produced for all sorts of women and are designed to suit every woman’s waxing needs without visiting a salon.
These products consist of waxing strips that can be used by any woman to rapidly and painlessly remove unwanted body hair.
No Mo-Stache is made at $1.74 landed cost and sells for $18. Over the past two years, Jennifer and Gita have sold $400,000, which $300,000 was in the second year.
They are currently at 60 Sephora locations, although they were once in 200 Sephora locations.
They diversified their consumer base and added five new distributors to make up for it.
Kevin O’Leary is willing to pay them $100,000 in exchange for 10 percent equity and $1 for every lip until $300,000 is repaid, after which the loan will expire.
Bethany Frankel believes that a complete kit for the ladies is necessary.
Bethenny has offered $100,000 for 40 percent equity in No Mo-Stache. She wishes to do so under the Skinny Girl label.
Lori Greiner joins the agreement with Bethany for $100,000 in exchange for a 40 percent stock stake.
Mark Cuban has left.
Robert Herjavec informs them that they do not need to develop their firm under someone else’s name because they have a brilliant idea.
Jennifer and Gita counter the offer of Lori and Bethany with 35% equity in No Mo-Stache.
Kevin O’Leary offers to reduce his fee from $1.00 to $0.50, taking only 10%.
Lori and Bethany will switch to a 35 percent royalty at $1 each kit until they recoup their initial investment.
They request an increase to $200,000 Lori states that they will accept the offer and there will be no further negotiations.
Finally, Lori Greiner agreed to invest $100,000 for 25% in No Mo-Stache + $200,000 in royalties.
Final Deal: Lori Greiner and Bethenny Frankel agreed to invest $100,000 for 25% + $200,000 in royalties in No Mo-Stache.
What Happened To No Mo-Stache After Shark Tank?
Jennifer and Gita said they wanted a woman who was a powerful shark partner, and they had recently acquired two of them in a single deal.
Kevin didn’t praise Bethenny for her new partnership but chastised her for not finding creative ways to structure business transactions.
He stayed adamant that Grasshoppers should learn, but Bethenny was more than a match for Mr. Wonderful; she offered to wax Mr. Wonderful’s back as a thank you.
Gita and Jennifer went on to sign a new distribution deal with Anthropologie after the deal was closed but before the No Mo-Stache episode aired.
Jennifer and Gita are launching No Mo goods at Ultra during Spring 2018, thanks to the influence of Lori Greiner and Bethenny Frankel.
No Mo products are currently available in Harvey Nichols and Virgin Megastore.
They are negotiating to get No Mo-Stache marketed nationwide by CVS later this year.
Bethany’s vision for the No Mo kit has also begun to take shape in mid-2018, with the brand now selling a bikini wax kit called ‘No Mo Bush’ on its website.
The product sells for $22, whereas the No Mo-Stache package is priced at $18, probably on sharks’ advice to maintain a competitive price.
The company recently developed the No Mo-Unibrow eyebrow wax strip, demonstrating that multiple products can be derived from one great idea.
Jennifer Gita and Gita King see the company’s future – and the beauty industry at large – as becoming increasingly focused on products that can be made easily at home, and while Kevin O’Leary was left out of the running regarding future riches, he did receive a free back wax from Bethenny Frankel.
No Mo-Stache Shark Tank Update
After appearing on Shark Tank, no Mo-Stache secured distribution partnerships with major retailers, including Anthropologie, Ulta Beauty, and CVS.
The second No Mo product is No Mo-Bush, which contains bikini waxing strips. They both contain aloe and post-waxing cream.
The No Mo-Unibrow is the latest No Mo product, including eyebrow wax removal strips, small tweezers, and aloe treatment after waxing. This unicorn-themed package depicts the No Mo-Unibrow on the front.
No-Mo-Stache recently created a new division within the organization. They call it their “Friday Flow.” They introduce you to Safia, the “Friday Flow Instructor.”
You can find and buy No Mo products online at every retail store as of June 2022.
No Mo-Stache Annual revenues are expected to be $4 million as of May 2022.
Is No Mo-Stache Still In Business?
No Mo-Stache secured distribution agreements with major retailers such as Anthropologie, Ulta Beauty, and CVS following its appearance on Shark Tank.
No Mo’s second product is No Mo-Bush, which consists of bikini waxing strips. They have both been infused with aloe after the waxing process.
No Mo’s newest product is the No Mo-Unibrow, which includes brow wax removal strips, tiny tweezers, and post-wax aloe lotion. A rainbow unicorn graces the No Mo-Unibrow packaging.
No Mo-Stace is still in business as of May 2022, with annual revenue of $4 million.
What Is the Net Worth of No Mo-Stache?
The valuation of No Mo-Stache was $400,000 when it appeared on Shark Tank.
The net worth of No Mo-Stache is $1 Million as of 2022 with the added product lines and increased revenue.