About this episode
Truc Nguyen discusses her experience acquiring nail salons and the dynamics of the industry.
Truc Nguyen has acquired 2 nail salons, an overlooked but fragmented industry where businesses trade at low multiples. Register for the webinar: Negotiating Working Capital in SMB Acquisitions - Tue, May 26 - https://bit.ly/4eQfCTR Topics in Truc’s interview: Why she chose the nail salon industry Her vision for a rollup Analyzing a current nail salon business listing Low multiples in the nail space Bargaining power of good nail techs Square footage and number of chairs matters Documenting SOPs for her first salon Staffing a 7-day-a-week business Creating a great company culture The changing face of nail salons References and how to contact Truc: LinkedIn Sarah Romer on Acquiring Minds: How to Buy a Salon as an Industry Outsider (and Survive) Get complimentary due diligence on your acquisition's insurance & benefits program: Oberle Risk Strategies - Search Fund Team Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital Advisory The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business: The Acquisition Lab Connect with Acquiring Minds: See past + future…
People in this episode
Host: Will Smith
Guest: Truc Nguyen
Topics covered
- nail salon industry
- business acquisition
- low multiples
- company culture
- staffing
- rollup strategy
Keywords
- nail salons
- acquisition
- business strategy
- multiples
- staffing
- company culture
- SOPs
Sponsors
Oberle Risk Strategies, Pioneer Capital Advisory
Mentioned in this episode
Organizations: The Acquisition Lab
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