FRENCHIES MODERN NAIL CARE

FRANCHISE FOR SALE IN COLORADO

List Price: $225,000 USD

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INTRODUCE ME TO THE SELLER

Annual Gross Revenue:

$170,000 USD

Annual Net Profit:

Less Than $25,000

Value of Inventory:

Less Than $25,000

Value of Assets:

$100,000 - $150,000

Business Category:

Barber Shop/Salon/Spa

Business Operates From:

A Retail Location

Year Established:

2018

Seasonal Business:

No

1-3 Months

TRANSITION SUPPORT

Somewhat

PRICE/TERMS
FLEXIBILITY

Part-time

OWNER INVOLVEMENT

SUMMARY

Frenchies Modern Nail Care is not your run of the mill, smelly, chop shop, express nail salon. Frenchies is all natural with bright, airy studios. We do not apply acrylic nails or dip; which means none of that horrible smell. In fact, we use hospital grade autoclaves to sterilize our tools and equipment after each use. If you have not yet reviewed the "Own a Frenchies" page on our website; you will get a great overview of the team and the process. On another note; our minimum financial requirement is $150,000 liquid capital and a Net Worth of $500,000 in order to ensure success from a cash flow perspective as you are getting started. In the case of our Sarasota location; the owners have decided they need to focus on their career jobs and do not have the time to devote to their Studio. While Frenchies does not have to be owner/operated - the owner must be visible and present to project the face of the brand. Frenchies is disrupting the market. The industry is over $2B and dominated predominantly by local operators. Frenchies is one of the only nationally franchised brands will a coast to coast presence. Traditionally, nail salons are not clean or inviting, often with technicians in masks and the smell of acrylic nails in the air. Frenchies is NOTHING like that. See attached Frenchies Brand Overview in the documents section. Frenchies continues to expand across the country with 106 locations sold as of March 2020. The market is demanding a higher level of service and Frenchies is meeting that demand.

PHOTOS

FACTS

Part-Time Employees:

1-5

Full-Time Employees:

1-5

Total Employees:

Less Than 10

Timeframe for sale:

Immediate

Total Approx. Monthly Rent:

$6,000/month

Lease Expiration:

5-2023

VIDEO

DESCRIPTION

DAY-TO-DAY INVOLVEMENT

Ideally, the new owner would be hands on. At the least the owner will want to be present and recognizable to the staff and clientele. There is a manager in place.

FRANCHISE BRAND ACCOLADES AND AWARDS

Entrepreneur Top Franchises

ASSET DESCRIPTION

Sale includes all assets, furniture, fixtures & equipment.

INVENTORY DESCRIPTION

Inventory is limited to lotions, polish, individual use tools and packets, etc.

BONUS MATERIAL

WHY I LOVE MY FRANCHISE

NAIL CARE THAT MAKES A DIFFERENCE. Frenchies is an opportunity to make a difference. Sure, we create beautiful, healthy nails. But at Frenchies, it’s about more than a fresh coat of polish. It’s about providing a one-of-a-kind experience that makes our guests’ day brighter and their confidence stronger. Frenchies is owned by franchising experts and led by a team of entrepreneurs who understand how to turn an underserved market niche into solid business opportunities. We know the nail care industry, and it’s an excellent place for a strong mid-market provider like Frenchies to be. We provide loads of support and training to make it as easy as possible for you to start up your own Frenchies. Don’t worry if you’ve never worked in nail care—we’ll teach you everything you need to know. We will help guide your success from day one. We’ll show you the ropes and help you navigate any challenges you might face now or in the future. At Frenchies, we’ll help you with: We’ve got it dialed in. We’ve partnered with the best vendors to design the perfect Frenchies space. We’ll help you adapt these designs to optimize your unique space. By the time your studio grand re-opening comes around, you’ll be ready to rock since we train you, your manager, and initial new hires on our tried and true best practices for studio operations. We have all the tools and protocols you’ll need to run day-to-day operations. We’ll teach you the fundamentals of running a successful Frenchies business. We’ve created step-by-step marketing programs to get the word out about your new Frenchies studio. You’ll have all the creative assets available at your fingertips to hit the ground running. We’ve got your back from day one. We coach and support you on day-to-day operations, staff engagement, guest care essentials, studio tracking metrics, and so much more. We also have the protocols, policies, and procedures for every situation accessible on a private, franchisee intranet.

REASON FOR SELLING

Seller needs to focus on their career jobs and do have time to commit to running & operating the studio.

GROWTH OPPORTUNITIES

This location has incredible upside. Nail services make up $12.8B of the $13.3B Personal Nails and Waxing Salons industry* The global spa/salon market is forecast to grow at a compound annual growth rate (CAGR) of 5.66% from 2017 to 2021* Opportunities are available nationwide, with few—or no—recognized brands in most markets* Nail services are an affordable luxury with consumers looking to “protect the pretty” even if other discretionary spending is restricted* The consumer base for nail services spans generations, genders, and cultural lines Healthy foot care is increasingly important for all ages, but is especially desired by baby boomers and people with certain health conditions * IBISWorld The demographics and location support expanding the workforce and further marketing. In the short time the studio has been opened; it has only just become fully staffed and capable of demonstrating the amount of business available in the area. Based on brand metrics of similar studios; this location should easily be generating $500k+ in annual service revenue at ~25% NOI. It just needs the right operator.

Some

SELLER FINANCING AVAILABLE

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