Parissa Laboratories Inc. Company Profile

Background

Overview

Parissa Laboratories Inc., founded in 1983, is a Canadian company specializing in at-home waxing kits designed for both women and men. The company offers all-natural hair removal products, including sugar wax, hard wax, and warm wax, ensuring a smooth and effective hair removal experience. Parissa is committed to natural ingredients and eco-friendly practices, promoting body positivity and empowering individuals to embrace their skin. The company is woman-owned and operated, with a mission to inspire confidence and self-expression through their waxing solutions.

Key Strategic Focus

Core Objectives and Specialization

Parissa focuses on providing high-quality, natural, and eco-friendly hair removal products for at-home use. Their product range includes various wax types such as sugar wax, hard wax, and warm wax, catering to different hair removal needs. The company emphasizes body positivity and aims to empower individuals to feel confident in their own skin.

Primary Markets

Parissa targets consumers seeking natural and effective at-home hair removal solutions. Their products are designed for both women and men, appealing to a broad demographic interested in personal grooming and self-care.

Financials and Funding

Revenue and Employees

Parissa Laboratories Inc. has an estimated annual revenue of $5.5 million and employs approximately 18 individuals.

Technological Platform and Innovation

Eco-Friendly Initiatives

Parissa's production facility in North Vancouver, BC, is constructed to LEED Gold Standard, reflecting the company's commitment to environmental sustainability. The facility incorporates features such as:

Site Landscaping: Use of drought-tolerant native plants to promote biodiversity and water conservation.

Reduced Site Disturbance: Conservation of an 80-year-old tree grove to minimize environmental impact.

Alternative Fuel Vehicle Recharging Station: Provision of electric vehicle charging stations to promote alternative transportation.

Light Pollution Reduction: Implementation of lighting that prevents glare and reduces light pollution.

Storm Water Management: Use of permeable surfaces and bio-swales to manage stormwater runoff effectively.

Water Conservation: Recirculation of production process water to reduce consumption by 40%.

Construction Recycling: Diversion of 79.2% of construction waste from landfills.

Reduced Heat Island Effect: Use of reflective roofing materials to minimize heat impact.

Daylight & Views: Design ensuring 75% of workspaces receive natural daylight.

Low-Emitting Materials: Selection of materials meeting or exceeding VOC content limits.

Comprehensive Recycling: Facility-wide recycling programs aiming for zero waste.

Leadership Team

Founder

Azar Moayeri: Founder and Chief Financial Officer. Azar was the first female Chemical Engineer to graduate from the University of Edinburgh. She returned to Iran to work as a Senior Project Manager at NIOC, leading an all-male team and completing successful projects. In Canada, she established Parissa Laboratories Inc. as a home-based business to support her family.

Key Executives

Maryam Moayeri: Director.

Fardad Moayeri: Principal.

Kian Moayeri: Accounting Clerk.

Gary Steeves: Senior Account Manager.

Janet Chao: Marketing.

Competitor Profile

Market Insights and Dynamics

The at-home hair removal market is competitive, with consumers seeking effective, natural, and eco-friendly solutions. Parissa's commitment to natural ingredients and sustainability positions it favorably within this market.

Competitor Analysis

Parissa's competitors include:

Puress Spa: A spa offering hair removal services with an estimated revenue of $729,000 and 5 employees.

BikiWax: Specializes in waxing services, with an estimated revenue of $951,000 and 6 employees.

NuLook Beauty: Provides beauty services, including hair removal, with an estimated revenue of $1.3 million and 8 employees.

Spa Escape: Offers a range of spa services, including waxing, with an estimated revenue of $3.6 million and 12 employees.

221 Degrees Salon & Spa: Provides salon and spa services, including hair removal, with an estimated revenue of $1.1 million and 6 employees.

Strategic Collaborations and Partnerships

Parissa has registered trademarks for its products, including "SWEETEASE," indicating a focus on brand protection and market presence.

Operational Insights

Parissa's commitment to natural ingredients, eco-friendly practices, and body positivity differentiates it from competitors. The company's LEED Gold Standard facility underscores its dedication to sustainability.

Strategic Opportunities and Future Directions

Parissa aims to further reduce its carbon footprint and raise awareness for conscious consumerism. The company advocates for socially conscious beauty and seeks to support younger generations in this endeavor.