5/6/2023 0 Comments Anytime fitness franchiseUpon discussing their situation, ApplePie suggested using a recapitalization loan to pull equity out of their businesses rather than selling them and losing the future profit. To finance a new franchise concept, it seemed they would have to liquidate their current businesses. At first, it was unclear how to provide a financial solution that would satisfy their needs. Having sat next to ApplePie CEO Denise Thomas at an IFA roundtable a few years back, Stephanie thought “Why not see if ApplePie can help?” The Coffeys happened to be at IFA around that time and approach the team at the conference in Las Vegas. The next step was to offer Frenchies on a nationwide basis. Over the last three years, they’ve proven the concept, with their corporate location which is located in CO and two franchised studios in Minnesota. Their first move was to liquidate some of their assets to invest in the new concept, Frenchies Modern Nail Care, and find out if it could work. Considering all of Guy and Stephanie's franchise experience with ownership, operation and leadership, it’s no surprise they decided to pursue starting up their own franchise concept. In addition, Stephanie was the SVP of Franchise Development and Support for Waxing the City, which is a sister brand of Anytime Fitness. Stephanie has proven herself in franchising beyond as a franchisee, having worked as a franchise consultant with Anytime Fitness responsible for coaching over 140 franchise owners who owned over 560 clubs.
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