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

Why Protected Territories Matter and How the TruBlue Franchise Delivers

why-protected-territories-matter-and-how-the-trublue-franchise-delivers

Children's Lighthouse

Children’s Lighthouse Climbs the Franchise Times Top 400 List Once Again

childrens-lighthouse-climbs-the-franchise-times-top-400-list-once-again

Why This Mother of Six Chose To Open Her Own Early Learning School Franchise With Children’s Lighthouse

why-this-mother-of-six-chose-to-open-her-own-early-learning-school-franchise-with-childrens-lighthouse

Mister Sparky Electric

Why This Husband-and-Wife Team Saw Now as the Time to Light Up Dayton, Ohio, With Mister Sparky

mister-sparky-franchise-dayton-ben-trisha-gordon

Mellow Mushroom

How Mellow Mushroom Supports Franchise Owners

how-mellow-mushroom-supports-franchise-owners

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 Development Website Builder

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

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Bed Bath & Beyond - Franchise Expansion - Retail Strategy - 1851 Franchise

Bed Bath & Beyond Launches Franchise Model as Part of Comeback Strategy

bed-bath-beyond-franchise-expansion-retail-strategy

Senior Entrepreneurship - Franchising - 1851 Franchise

Senior Entrepreneurship Is Rising — And Franchising Is a Key Outlet

senior-entrepreneurship-franchising-silver-startups

U.S. Government Shutdown - Impact on Franchises - 1851 Franchise

Government Shutdown Stalls SBA Loans: How the Shutdown Could Impact Franchises

government-shutdown-impacts-sba-loans-tourism-franchises

Subway Franchisees Resist Expensive Remodel Directives

subway-franchisees-resist-expensive-remodel-directives

The American Franchise Act: What It Means for Franchisors and Franchisees - 1851 Franchise

The American Franchise Act: What It Means for Franchisors and Franchisees

american-franchise-act-joint-employer-standard

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Friendly’s Parent Company Acquired by Multi-Unit Franchisee as More Owners Take the Lead in Brand Acquisitions 

friendlys-parent-company-acquired-by-multi-unit-franchisee-as-more-owners-take-the-lead-in-brand-acquisitions

Top Education Franchises To Consider for 2025 - 1851 Franchise

Top Education Franchises To Consider Investing In for 2025

top-education-franchises-investment-opportunities

Top Enrichment and Supplemental Education Franchises for 2025

top-enrichment-supplemental-education-franchises

Top Early Childhood Education and Child Care Franchises for 2025 - 1851 Franchise

Top Early Childhood Education and Child Care Franchises for 2025

early-childhood-education-child-care-franchises

Top Arts and Creative Learning Franchises for 2025 - 1851 Franchise

Top Arts and Creative Learning Franchises for 2025

top-arts-creative-learning-franchises

1851 Franchisee Spotlight with photo of Mike Rippey and Sola Salons logo

How This Former Franchisor Is Using His Industry Experience To Help Beauty Pros Thrive With Sola Salons Franchise

mike-rippey-sola-salons-franchisee

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

MORE STORIES LIKE THIS