I'm exploring a thesis around acquiring /consolidating independent nail salons and curious if anyone has spent time in the space. Potential attractive elements on the surface:

- Highly fragmented - numerous targets
- Low multiples in 1-3x SDE range
- Substantial repeat customers / re-occurring revenue
- Opportunity to consolidate accounting/payroll/procurement across stores
- Solid margins (25%+) for seven-figure salons

Any insight is greatly appreciated!