1851

<a href="https://www.riversidecompany.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">The Riverside Company</a>, the global investment firm, has announced the acquisition of&nbsp;<a href="https://1851franchise.com/frenchies">Frenchies Modern Nail Care</a>, the rapidly expanding nail care franchise with 24 locations across the country, according to&nbsp;<a href="https://www.franchisetimes.com/franchise_news/riverside-buys-frenchies-modern-nail-care-marking-pe-firm-s-50th-franchise-investment/article_5e69785e-83fc-11ee-94fa-07209a9c6d87.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Franchise Times</a>.&nbsp;This acquisition marks Riverside's 50th in the franchise sector and adds Frenchies to its personal care services platform, joining another brand,&nbsp;<a href="https://www.franchisetimes.com/franchise_mergers_and_acquisitions/riverside-to-expand-salon-concept-bishops-following-acquisition/article_6e1269d0-1c25-11ee-b1fc-cf309f8a118f.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Bishops</a>, a salon concept. Its current portfolio also includes&nbsp;<a href="https://1851franchise.com/thresholdbrands">Threshold Brands</a> (<a href="https://1851franchise.com/maidpro">MaidPro</a>,&nbsp;<a href="https://1851franchise.com/patiopatrol/i-dont-think-so-mosquito-threshold-brands-launches-patio-patrol-an-outdoor-pest-control-solution-2719262">FlyFoe</a>,&nbsp;<a href="https://1851franchise.com/meninkilts/info">Men in Kilts</a>,&nbsp;<a href="https://1851franchise.com/pestmaster/info">Pestmaster</a>,&nbsp;<a href="https://1851franchise.com/usainsulation">USA Insulation</a> and others) and&nbsp;<a href="https://www.riversidecompany.com/investment-portfolio/evive-brands/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Evive Brands</a> (<a href="https://executivehomecarefranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Executive Home Care</a>,&nbsp;<a href="https://www.assistedlivinglocatorsfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Assisted Living Locators</a>,&nbsp;<a href="https://www.grasons.com/estate-sale-franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Grasons Co.</a>).“At the core, we’re underwriting the macro trend that everyone is spending more dollars to make themselves look better and feel better,” said&nbsp;<a href="https://www.linkedin.com/in/grant-marcks-722bb671?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Grant Marcks</a>, a partner on Riverside’s origination team, as he described the thesis of creating a multi-brand franchisor platform. “What we really like about Frenchies is it has that clean feel. A more professional feel. And that also attracts a higher quality technician.”In 2014,&nbsp;<a href="https://www.linkedin.com/?utm_source=1851franchise.com&amp%3Butm_medium=article&amp%3Butm_campaign=a-breath-of-fresh-air-10-reasons-to-buy-a-frenchies-modern-nail-care-franchise-2722697&utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Guy</a> and&nbsp;<a href="https://www.linkedin.com/?utm_source=1851franchise.com&amp%3Butm_medium=article&amp%3Butm_campaign=a-breath-of-fresh-air-10-reasons-to-buy-a-frenchies-modern-nail-care-franchise-2722697&utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Stephanie Coffey</a> founded&nbsp;<a href="https://frenchiesnails.com/own-a-frenchies/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">Frenchies Modern Nail Care</a> with the ambition to create a national brand. Frenchies differentiates itself from typical nail salons by avoiding acrylic nails and harsh chemicals, focusing instead on customer service and a clean, airy atmosphere. This approach aligns with their motto, "<a href="https://1851franchise.com/frenchies/clean-before-clean-was-cool-why-frenchies-modern-nail-care-is-set-to-usher-in-a-brand-new-era-of-affordably-luxurious-nail-salons-2722190#stories">We love clean</a>," which resonated well with customers even before the pandemic.&nbsp;The Coffeys, former <a href="https://1851franchise.com/franchise-deep-dive-anytime-fitness-franchise-costs-fees-profit-and-data-2721087">Anytime Fitness</a> franchisees, opened the first Frenchies in Colorado to test their theory that customers would pay more for higher quality nail services and a better experience. By 2019, Frenchies had signed agreements for 100 locations, but the pandemic forced a pause in franchise development. During this time, the company focused on developing its product line and&nbsp;<a href="https://1851franchise.com/frenchies/a-breath-of-fresh-air-10-reasons-to-buy-a-frenchies-modern-nail-care-franchise-2722697#featured">refining its business model.</a>Despite the pandemic's impact, Frenchies has seen a robust recovery, with Guy noting a significant increase in average ticket prices and top-line sales. Approximately 30% to 40% of monthly revenue comes from memberships, providing stability for&nbsp;<a href="https://1851franchise.com/frenchies/multi-unit-frenchies-franchise-owner-all-in-to-revolutionize-the-nail-care-industry-2723507#featured">franchise owners</a>. Post-pandemic demand remained strong, dispelling initial concerns that it was merely a temporary surge.The Coffeys, after evaluating various private equity firms, felt aligned with Riverside's vision and strategy for Frenchies. With the deal finalized on November 8, Guy Coffey will become the brand president of Frenchies, and the couple retains an ownership stake. Riverside's plan involves bolstering franchise sales and marketing, driving growth with current franchisees, and expanding into new markets. The acquisition also presents a unique phase for the Coffeys, transitioning from founders to playing a pivotal role in the brand's next growth stage.“I haven’t worked for anybody since 1998,” said Guy. “We’re always going to be the founders, but our job was to grow it and now to deliver on the promises we’ve made to our team. We’ve built the foundation … and now we get to be part of the next stage."For more information on Frenchies, visit:&nbsp;<a href="https://1851franchise.com/frenchies">https://1851franchise.com/frenchies</a>Read the full article,&nbsp;<a href="https://www.franchisetimes.com/franchise_news/riverside-buys-frenchies-modern-nail-care-marking-pe-firm-s-50th-franchise-investment/article_5e69785e-83fc-11ee-94fa-07209a9c6d87.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company-2724305" target="_blank" rel="nofollow">here</a>.

Frenchies Modern Nail Care Purchased by P.E. Firm The Riverside Company

1851 Franchise

The 24-unit modern nail care franchise marks the firm’s 50th franchise investment. 

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

frenchies-modern-nail-care-purchased-by-pe-firm-the-riverside-company

TruBlue Home Service Ally

TruBlue Home Service Ally Celebrates Major Milestone With Opening of Its 100th Franchise Location

trublue-home-service-ally-celebrates-major-milestone-with-opening-of-its-100th-franchise-location

Children's Lighthouse

Children’s Lighthouse Named Among the Top Franchises in Entrepreneur Franchise 500® Ranking

Children’s Lighthouse Named Among the Top Franchises in Entrepreneur Magazine’s Franchise 500® Ranking

childrens-lighthouse-named-among-the-top-franchises-in-entrepreneur-magazines-franchise-500-ranking

Layne's Chicken Fingers

Four Layne's team members stand in front of a wall decorated with artwork from the community

The Easiest $10,000 Made in a Day: How Layne’s Built Operations for Volume

the-easiest-10000-made-in-a-day-how-laynes-built-operations-for-volume

Pet Wants

Why Pet Wants Is Perfect for First-Time Franchise Owners

why-pet-wants-is-perfect-for-first-time-franchise-owners

Griswold

7 Winter Safety Tips for Seniors: Staying Safe During National Winter Safety Month

7-winter-safety-tips-for-seniors-staying-safe-during-national-winter-safety-month

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

Yum Brands - KFC - Pizza Hut - Terminates Franchise Agreements in Turkey - 1851 Franchise

Yum! Brands Terminates Franchise Agreements in Turkey Due to Non-Compliance

yum-brands-terminates-franchise-agreements-in-turkey-due-to-non-compliance

Recent Franchise News - Why Franchisors Churn Through Marketing Suppliers - 1851 Franchise

Forbes: Four Reasons Why Franchisors Churn Through Marketing Suppliers

forbes-four-reasons-why-franchisors-churn-through-marketing-suppliers

QSR Magazine: Big Chicken Targets Global Expansion

qsr-magazine-big-chicken-aims-for-global-growth

Starbucks Strike Brews Opportunity for the Next Coffee Franchisee

starbucks-strike-brews-opportunity-for-coffee-franchise-hopefuls

I Heart Mac and Cheese - Franchisees Sue I Heart Mac and Cheese - Franchise News - 1851 Franchise

Restaurant Business Online: Franchisees Sue I Heart Mac and Cheese

restaurant-business-online-franchisees-sue-i-heart-mac-and-cheese

Two Attorneys, Restaurant Professionals To Serve Germantown Community With New Paris Baguette Café

two-attorneys-restaurant-professionals-to-serve-germantown-community-with-new-paris-baguette-cafe

Top 10 Franchises for New Year’s Resolutions

Top 10 Franchise Opportunities for New Year’s Resolutions

top-10-franchises-for-new-years-resolutions

Leveraging Technology in Franchise Management

How to Leverage Technology in Franchise Management

leveraging-technology-in-franchise-management

The Best Franchises To Own With Low Initial Investments

best-franchises-with-low-initial-investments

Newk's Eatery - Magee, MS - Skip Russell Franchisee Profile - CI

Former Popeyes Franchisee Builds on Decades of Success with Newk's Expansion Plans

former-popeyes-franchisee-builds-on-decades-of-success-with-newks-expansion-plans

Frenchies Modern Nail Care Purchased by P.E. Firm The Riverside Company

MORE STORIES LIKE THIS