Business Overview

FACTSHEET
• $9 billion space/ 60,000 nail salons
• no category leader
• expert leadership that cares deeply about customers, employees and franchisees/proven success
• focus on hand + feet health
• CEO & Founder Dave Crisalli was former CEO of Massage Envy, growing chain to 1,100 + locations. 99% success rate!
• PROSE elegant simple model/intentionally elevates the profession
• simple + flexible membership model with recurring revenue core
• experienced motivated market developers/proven committed corporate leadership
• impeccably clean – highest standard of sanitation in industry
• cutting-edge design
• the nail salon business is highly fragmented and dominated by independent salons who generally do not have the business sophistication, marketing savvy, research and development, and training for owners to stay current and relevant for the long haul.

Owner/Operator or Semi-absentee
Single or Multi-Units
Contact for more information:

Opportunities In Business
Bill Kraemer
612/331-8392
bill.kraemer@oibmn.com

Financial

  • Asking Price: $600,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Franchisor willing to train new owner.

Purpose For Selling:

Other Interests.

Opportunities and Growth:

This business has a ton of potential for growth.

Established Franchise:

This Business Is An Established Franchise

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine factor and the one they tell you may be 2 entirely different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or a range of other factors. This is why it is extremely crucial that you not count totally on a vendor's word, yet instead, make use of the vendor's response along with your general due diligence. This will repaint a much more sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover points like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day earnings. Specific elements such as brand-new competitors growing up around the area, road building, and also staff turnover can influence repeat consumers as well as negatively influence future incomes. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to build a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the local average home income effect future revenue prospects?