Concept Description
My Salon Suite is a revolutionary franchise concept that offers beauty professionals the chance to own and operate their own salon suite. With over 300 locations in North America, My Salon Suite provides fully equipped, upscale, private salon suites to beauty professionals, allowing them to enjoy the benefits of salon ownership without the challenges of building and managing a salon from scratch. With a focus on supporting franchisees with marketing, training, and technology solutions, My Salon Suite is an attractive investment opportunity for those seeking a semi-passive ownership option. Their ideal candidate does not require prior experience in the salon industry but should have a passion for the business. With a proven business model, an Item 19 earnings claim, and a comprehensive 3-day in-person training called FLAIR University, My Salon Suite provides a unique opportunity for franchisees to take control of their future in the beauty industry.
Unit Option
Single, Multiple
Background
FDD Franchised Units: 320
Corporate Owned Units: 51
Projected New Units: 20
Year Established: 2012
First Year Franchised: 2012
Type of Business: Franchise
Hours of Operation: Occasional Evenings or Weekends
History:
Salon suite franchise opportunities are perfect for entrepreneurially-minded individuals who want to either grow their current business ventures or explore franchising as a business option. The salon industry is stable, and within that, the salon suite sector is growing. My Salon Suite is a well-known brand in this popular industry. Here’s what you need to know to open a My Salon Suite franchise.
You don’t need to have prior experience in the salon industry to seek out salon suite franchise opportunities. The most important characteristic of a My Salon Suite franchise owner is passion. However, previous business experience is encouraged.
Availability
Territories: United States
Financials
Liquidity: $500,000
*Investment Range: $994,971 - $1,820,417
Minimum Net Worth: $1,000,001 to $2,000,000
Franchise Fee: $50,000
Royalty: 5.5%
Royalty Description: 5.5% of Gross Revenues (2.75% for first 6 months; minimum $1,000 per month)
Advertising: None required ($300 per month recommended, not mandatory)
Ramp-Up: 10 to 12 months
Passive Ownership: Semi- passive after 1 year
Passive Ownership means the owner is working 15 hours or less per week in the business.
Passive Ownership Explain: This is a semi absentee model, in the beginning ramp up period it is more time consuming. More like 25+ hours a week but after your fully occupied it goes down to about 5-10 hours a week.
Available Discounts
- Veterans
- First Responders
Discount Description: 50% discount on franchise fee
Training, Support and Assistance
Co-Operative Advertising: N/A
Site Selection Assistance: Available
Lease Negotiation Assistance: N/A
Length of Training: 3 days of in person training
Training Description:
Our partners attend a 3 day in person training called FLAIR University, where they learn everything they need to on how to run their business.
Operational and Marketing Tools:
My Salon Suite has a fully marketing plan that the franchisees have access to.
Financing Assistance: Available
