Fantastic Sams Hair Salons vs Sola Salon Studios Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fantastic Sams Hair Salons vs Sola Salon Studios including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Fantastic Sams Hair Salons Franchise
Sola Salon Studios Franchise
Investment $215,000 - $479,000$531,150 - $1,714,370
Franchise Fee $30,000$55,000
Royalty Fee $362+/wk.5.5%
Advertising Fee $142/week2%
Year Founded 19742003
Year Franchised 19762005
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Varies-


Business Experience Requirements
 
Fantastic Sams Hair Salons Franchise
Sola Salon Studios Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Fantastic Sams Hair Salons Franchise
    Sola Salon Studios Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Fantastic Sams Hair Salons Franchise
    Sola Salon Studios Franchise
    Training Available in MA: 1 week Salon Fundamentals

    At regional office: ongoing On-The-Job Training: ongoing Classroom Training: 32 hours

    		-
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
    Operations 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 8

    		-

    Expansion Plans
     
    Fantastic Sams Hair Salons Franchise
    Sola Salon Studios Franchise
    US Expansion YesYes
    Canada Expansion Yes-
    International Expansion No-

    Company Overviews

    About Fantastic Sams Hair Salons

    Join a Franchise that:
     * Is Recession Resistant
     * Is A Leader in its Category
     * Does not require previous experience
     * Has a low investment
     * Offers Single & Multi-Unit Development Opportunities
    Owning a Fantastic Sams Hair Salon franchise is a great investment because:
     * The hair care business is large, growing, recession resistant and immune to technology or other competitive forces. Hair is always growing and the demand for more services and personal attention by today's consumer creates a great opportunity for the right hair salon business model. The American Salon's Green Book, the bible of the salon business, cites numerous hair care business trends that greatly favor the Fantastic Sams hair salon franchise model
     * As a leading hair salon franchise, Fantastic Sams Hair Salon has been featured in some of the top industry and business publications
    o Entrepreneur Magazine
     o Franchise 500 - #1 Full Service Hair Salon Franchise; #50 overall
     o Franchise Times - #54 of Top 200 Franchises
     o Black Enterprise - Top Franchises for African Americans
     o Poder Enterprise Magazine - Top Franchises for Hispanics
     o USA Today - Top Franchises for Minorities
    * You don't need to have any previous experience in the Hair Salon Business. Whether you are interested in developing single or multiple salons, as an owner of a Fantastic Sams Hair Salon Franchise, each day you'll work on your business, not in your business. Using your skills in marketing, employee relations, and business management, you dictate the success of your salon or salons.
     * In the hair care business, Fantastic Sams Hair Salon fills a large niche that no one else is exploiting - the full-service salon at reasonable prices. And with a low initial investment, owning a  Fantastic Sams Hair Salon Franchise is a great business decision.

    Veteran Incentives  25% off franchise fee
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    About Sola Salon Studios

    The totally unique approach of Sola Salon Studios is that we provide high impact, modern, and upscale rental space in a "salon mall" concept that allows salon professionals the opportunity to have their own business and make more money without the risks and challenges of owning a conventional salon....all for the same rate as a chair rental, and often less.
    License individual turn-key salon studios to independent salon professionals under the trade name “Sola Salon Studios” using their unique system of build-out.

    "Entrepreneur

    #75 in Franchise 500 for 2020.
    #26 in Franchise 500 for 2021.