Due diligence is an important part of starting a business. If you’ve settled on starting a nail salon, you should by now know why a nail salon franchise is better. However, choosing the right franchise opportunity requires even more in-depth research. Find out below the 12 best nail salon franchises, or go to freecoat nails for spa franchise info.
Freecoat Nails is one of the hottest salon and spa franchising opportunities in the United States. This is due to many reasons, including the focus on organic and non-toxic nail care and spa services. Investing in this franchising opportunity is quite easy as entrepreneurs and investors only have to pay $49,500 as an initial franchise fee.
The franchise is open to investors with a minimum net worth of $500,000 with over $100,000 in liquid capital. Freecoat Nails also takes a 6% monthly royalty fee on gross sales. Interested persons should also be aware of their 1% brand marketing fee and franchise investment range between $227,000 and $517,000.
Frenchies Modern Nail Care
Frenchies Modern Nail Care is among the hottest nail salon franchising opportunities to invest in. The family business is owned by franchise experts who expect high returns for their franchisees. The numbers are concurrent with the prevailing market direction, as franchisees must produce an initial investment of between 4243,524 and $418,310.
Investors must have a net worth of at least $350,000 and a liquid cash investment of $150,000. The initial franchise fee is pegged at $49,500, while ongoing royalty and marketing royalties are 5.5% and 2%.
PROSE is on a mission to create a one-of-a-kind salon experience for both franchisees and customers. Customers have come to associate them with quality, which perhaps has driven the franchise value higher.
The numbers seem right as PROSE requires a liquid capital of no less than $90,000 from prospective franchisees. Investors must have a net worth of $600,000 and must be willing to invest $600,000 to $695,000. The franchise fee is $45,000, and the ongoing royalty is 6.0%.
Bellacures has grown over the years and now has no less than six locations in California. Getting into the franchise requires about $133,300 to $285,417 initial investment. Investors must have a net worth of at least $250,000 and liquid cash no less than $150,000.
The initial franchise fee costs about 440,000 to $95,000. The ongoing royalty fee is 6%, and the marketing royalty fee of 1%.
Hammer & Nails Grooming Shop for Guys
This nail salon franchise started with a goal to make a difference. They have expanded to more than 250 shops since then. Buying into the franchise costs an initial fee of $49,950. Investors must have a net worth of $500,000 and above with liquid cash of about $100,000.
Franchisees will also be required to pay an ongoing 6% royalty fee and 1% as an ad royalty fee. There’s also a 10% off the franchise fee for veterans.
Namaste has more than 100 locations at present and costs $39,000 in initial franchise fee to get in the door. The franchise requires an initial investment of between $230,595 and $480,295.
Investors are required to have a net worth of $500,000 and meet the liquid cash requirement of $150,000. There’s an ongoing royalty fee of 6% and a 1% ad royalty fee.
Buying into the MiniLuxe franchise will cost no less than $250,000. The franchise requires an initial investment between $250,000 and $350,000 with a liquid capital of $100,000. Investors must meet the net worth criteria pegged at $500,000.
Buying into the Nail Garden franchise costs between $254,100 and $363,880. Investors and entrepreneurs must pay a franchise fee of between $22,500 and $30,000.
Nail Garden has a 6% royalty imposition and another 3% charge in ad fees.
Regal Nails, Salon & Spa
Becoming a part of the Regal Nails, Salon & Spa family requires a minimal financial commitment. The franchise requires a liquid capital of $100,000 and a $5,000 franchise fee.
Couleur Nail bar
With an initial franchising fee of $25,000, you can get your foot in the door. Investors and entrepreneurs must be willing to make a total investment of between $101,601 and $924,783. The franchise also charges $2 per square foot with a minimum of $1,200 as the monthly franchise fee.
Getting started will cost an initial franchising fee of $30,000. Investors will also be required to consider the total buildout cost, ranging from between $250,000 and $325,000.
Happy Nails and Spa
Getting in the door requires the usual paperwork, franchise fee, and liquid capital of no less than $25,000. Franchisees must mirror the usual high-end and beautiful offices the franchise is known for.