PAINT Nail Bar
Health & Fitness Beauty related servicesCompany Information
Address
1432 First Street Sarasota, Florida 34236
Website
Tel
Email
Franchise Summary
Description
The franchises offered are for the operation of PAINT Nail Bar Salons which are retail businesses that bring to fruition beautiful, hygienic nail salons where guests are welcomed with affordable luxury services, exceptional sterilization and safety standards, and impeccable customer service.
Company Background
Founded in 2009, PAINT Nail Bar is the industry's leading beauty salon franchise for women and men. Our salons offer a variety of services including manicures, pedicures, and waxing. We strive to make our customers feel pampered and confident with their nails looking flawless. With new locations opening every year, PAINT has become the go-to destination for nail care providers all over the world.
Franchise Opportunity
Nail salons are a billion dollar industry, but most of them have terrible reputations. PAINT is the first nail bar franchise that combines the luxury and convenience of a high-end salon with the quality standards of an independent shop. Our goal was to create a place where customers could feel like they were getting their nails done in their own homes without sacrificing any quality or cleanliness. We created our own proprietary system for delivering top notch nail care at affordable prices, giving us an edge over other franchises and independent shops alike. We've already signed up thousands of happy customers across North America who love having access to this amazing experience whenever they want it!
Corporate Structure
We are a limited liability company formed effective August 13, 2015 in Delaware and converted to a Florida limited liability company on November 3, 2017. Our principal business address is 1432 First Street, Sarasota, Florida 34236 (“Corporate Headquarters”), and our phone number is (301) 807 2971. Our registered agent for service of process is HBK CPAs & Consultants, 1777 Main Street, Suite 301, Sarasota, Florida 34236. Our agents for service of process in the states that require franchise registration are listed in Exhibit “A” to this disclosure document. We have no parent and no predecessors whose information is required to be disclosed in this Item. Our founders, Mark J. Schlossberg and Michele C. Schlossberg, own the Marks (defined below).
Investment and Franchisee Fees
The total investment necessary to begin operation of a PAINT Nail Bar Salon ranges from $184,350 to $714,700. This includes between $70,650 to $295,400 that must be paid to the franchisor, or our designee. The estimated initial investment for an area development program ranges from $264,350 to $839,700 (based on a Development Fee for 2 to 5 Salons). Under the Area Development Program, the Development Fee equals $45,000 for the first Salon plus: (a) $35,000 for the second Salon, and (b) $30,000 each for the remaining Salons to be developed. In addition to the Development Fee, you will also incur the total initial investment for each Salon except the Initial Franchise Fee is waived.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Employee Contact Database
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PAINT Nail Bar Franchise System Development in 2019
FAQ
How much investment do I need to start my own PAINT Nail Bar business?
Franchisees typically require at least $184 to $884 investment to get their PAINT Nail Bar business started
What are the initial franchise fees for PAINT Nail Bar?
Franchisees typically need to pay at least $45 in fees directly to PAINT Nail Bar in order to earn the right to launch their business
How much money can I make with a PAINT Nail Bar franchise? What are
the average revenues for a typical PAINT Nail Bar business?
We haven’t done the math on how much revenue a typical
PAINT Nail Bar brings in each year. We estimate that other
franchisees in the Health & Fitness industry generate
$579,475 revenue, so we would expect
PAINT Nail Bar to generate a similar amount
How long do I need to commit to running a PAINT Nail Bar unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$347,750 to $925,000
which is
Much Higher
than the $0 to $0 average in the Beauty related services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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