If you are considering opening a nail salon, you need to decide whether to join a nail salon franchise or go alone as an independent nail technician. Franchising can be a great way to start in the nail care industry.
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- Pros and Cons of Nail Salon Franchising
- How Much Does a Nail Salon Franchise Cost?
- 10 Top Nail Salon Franchise Opportunities
Pros and Cons of Nail Salon Franchising
If you want to know if joining nail salon franchises is right for you, it is important to first look at the risks and benefits faced by franchisees of nail salon chains.
Advantages of Joining a Nail Salon Franchise
High-profile Brand. While new nail salons often need to build brand awareness and customer base from the ground up, a franchise can be a shortcut to a marketing boost with the support of an existing, trusted name.
Customer Base. Nail salons that are part of a franchise chain can rely on a name familiar to customers almost everywhere. This reduces initial advertising costs, attracts customers on the first service appointment, and can bring higher profits and better growth to your location than an independent nail salon when it first opens.
Business Management Support. Franchisees can expect to receive professional development opportunities for management and employees, as well as a business network that will provide advice and free assistance to help run day-to-day operations (nail salon equipment, training materials, business plans, and supplies may also be included in the fee ).
Bulls Stock Buying. An advantage of franchise businesses is that there is no need to replenish inventory of your nail products individually. In addition, because the entire franchise network, either regionally or in several locations, buys in bulk, the total amount charged by suppliers to individual companies when ordering goods is reduced, resulting in lower-than-usual prices.
Getting Started with Little Experience. As part of a successful nail salon chain, franchisees receive great assistance with advertising, sales process, and basic nail salon management.
Tested Business Models. Nail salon franchises tested our business model in multiple locations and have perfected manuals on how to operate efficiently, marketing strategy, customer satisfaction feedback management, and salon hygiene approach to success in the industry, making it a safer investment.
Low Risk of Failure. Nail salon franchises have a lower risk of failure than independent businesses. Partnering with a well-known full-service nail salon chain can be an excellent marketing tool to maximize your initial investment.
Freedom. Nail salons and their owners are part of a larger support network and can access various resources that independent nail artists cannot.
Profitability. One of the advantages of joining a franchise is that you already have a space in the nail industry, customers are familiar with your services and products, and the franchisee can benefit from that visibility and the customers you bring.
Disadvantages of Nail Salon Franchising
Let's look at the most common disadvantages that prospective franchisees need to understand before making the initial investment.
The Initial Investment. Popular nail salon chains, even small franchises, usually require an initial investment (or franchise fee) to join. The cost can vary depending on the franchise opportunity and location. You can always look for a co founder to help you meet the financial requirements of your new business.
Rules and Policies. Some franchise agreements require compliance with professional standards, such as hours of operation, advertising, and holidays.
Creative Restrictions. Franchised nail salon do not necessarily have artistic control over their layout, website, nail salon design, unique services or the music they play, which can be difficult to address.
Monthly Fees. Depending on the franchise agreement, there may be ongoing costs such as royalties and training fees.
Potential Competition. Because of the variety of interests in a nail salon chain, you may be forced to deal with managers or employees you don't like.
You Don't Own the Brand. Franchising is great, but it does not give you the opportunity to build your business under your own brand, which can make it harder to get out of doing so later.
How Much Does a Nail Salon Franchise Cost?
Let's take a look at some average franchise fees and what they cover.
This is the initial investment a franchisee makes to join. Most nail salons have initial franchise fee ranging from $20,000 to $50,000.
In return, you can set up and market your nail salon with the company brand name, business systems, training materials, staff uniforms, and anything else they offer (such as a website).
If your company buys in bulk or contracts with vendors, you may get discounts on nail supplies and retail inventory.
If you are opening multiple units or locations simultaneously, you may be eligible for a discount on this initial cost.
This is the product required to open a new nail salon. Typically, nail franchise products must be purchased and sold, and specific products must be used by the company. These costs can vary widely, but it is common to spend $5,000 to $10,000.
Royalties are annual fees you pay to nail salon franchises for the continued use of their services and company name. Royalties can be a fixed amount or a percentage of gross revenue.
Training and Setup
This includes everything from signage and furniture upgrades to decor, staff and management training, and possibly even website templates and IT services. Including rent, the cost can range from $100,000 to $300,000.
So how much does it cost to franchise a nail salon? It probably depends largely on the franchise company, whether your location is leased or owned, and the value of the services they provide.
10 Top Nail Salon Franchise Opportunities
There are many different opportunities available to nail salon franchisees. Here is a list of the best nail salon franchises we have found for you.
Founded in 1997 in Louisiana, Regal Nails now has locations throughout the United States. They’re known for their high standards in customer service and cleanliness.
Anyone hoping to join Regal Nails should be prepared with an initial investment of $170,525 - $748,470. Their ideal candidate also has previous nail salon experience and a strong work ethic.
This franchise aims to provide clients with a full mind-body experience, complete with serene music, Zen-inspired architecture, private rooms and even a meditation space. This is more than your typical nail salon.
They charge a $29,000 franchise fee, and recommend an initial investment of at least $220,000 to get things up and running.
Anyone looking to run a Frenchies nail salon franchise can expect a ton of training and support along the way. They can provide new owners with training, assistance finding and leasing a new location and even information about vendors for equipment, tools and supplies.
Frenchies requires new franchise owners to have a minimum net worth of $350,000, $150,000 in ready cash, and the ability to make an initial investment of $262,444 - $447,016. They charge 5.5% in royalties.
Headquartered in Florida, M.C. Nail Bar is a sister business of the M.C. Spa franchise and has the same relaxing atmosphere. Both businesses serve regular clients but also have a membership program with additional rewards.
This nail salon franchise costs $35,000 for new locations and just $25,000 for conversions. You’ll need a minimum net worth of $225,000 and a salon space that’s at least 1,500 square feet.
This nail salon franchise provides the standard manicures and pedicures, but some locations also offer basic waxing services, too. One thing that sets MiniLuxe apart from other nail salons is the fact that clients can also book home visits for nail care.
If you want to set up a MiniLuxe franchise, be prepared to invest at least $250,000 including the franchise fee.
This is a great option for anyone with an interest in natural nails and eco-friendly beauty. They offer new franchisees two options: you can either own a single unit in a defined territory, or multiple units within a larger area.
They provide new members with detailed, hands-on training and charge a franchise fee of $29,900. The initial investment required is $233,100 - $292,700, and you can expect to pay 5% in royalties.
With its main location being named one of the best nail salons in Los Angeles by LA Magazine, Time Out LA, and Refinery29, this nail franchise has a strong brand presence. Previous nail salon experience is not required, but ideal candidates will have management experience.
Bellacures provides every new franchisee with training and support along the way. They charge franchise fees that range from $133,300 - $285,417.
They market themselves as a full service nail boutique and waxing salon, providing quality manicures, pedicures and other services to clients at reasonable prices. With multiple locations throughout the southern United States, this franchise has tons of experience training new members.
If you want to set up your own Nail Garden nail salon, you’ll need to have some previous experience in managing or running a business, plus $530,000 - $560,000 including the $45,000 franchise fee.
If you’re interested in owning a men’s grooming franchise, this is definitely one you should check out. Hammer & Nails offers clients hand and foot nail services, along with some additional services.
Hammer & Nails charges franchisees a 6.5% royalty fee, and they require you to be able to make a $248,200 - $526,950 investment to get set up. This amount includes the $49,950 franchise fee.
Prose currently has nail salon franchise locations in 12 states, and is still expanding. They offer manicures, pedicures as well as kid-friendly services, making this a fun spot for the whole family to visit and indulge in some self care.
If you want to join the Prose franchise, you should have at least $90,000 in liquidity and a net worth of at least $600,000. They charge a franchise fee of $45,000 plus 6% royalties.
Before deciding whether or not to join a nail salon franchise, look at what opportunities are available and make a budget. It may be the best way for you to start your own business. There are some drawbacks as well as many responsibilities.
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