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Updated RecentlyFantastic Sams Hair Salons vs MY SALON Suite Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fantastic Sams Hair Salons vs MY SALON Suite including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $215,000 - $479,000 | $713,738 - $1,603,518 |
| Franchise Fee | $30,000 | $50,000 - $200,000 |
| Royalty Fee | $362+/wk. | 5.5% |
| Advertising Fee | $142/week | 1% |
| Year Founded | 1974 | 2010 |
| Year Franchised | 1976 | 2012 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | Varies | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | Available in MA: 1 week Salon Fundamentals At regional office: ongoing On-The-Job Training: ongoing Classroom Training: 32 hours | On-The-Job Training: 12 hours Classroom Training: 20 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 | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | Yes |
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 MY SALON Suite
MY SALON Suite comes in at number 6 in the exclusive list of the year’s most promising business opportunities within the franchising industry.
“We are honored to be recognized as one of the best new franchise concepts,” said Ken McAllister, CEO and President of Suite Management Franchising, the established franchising subsidiary of MY SALON Suite. “This award is a testament to the hard work both our corporate team and our franchise owners have put into making our concept the best it can be.”
“The impact of carefully selecting our franchise owners is a large reason why we have reached consistent success,” added McAllister. “Moving further into 2017, we are looking forward to adding even more talented franchisees to our family and being able to bring our upscale salon suites to a greater number of communities nationwide.”
MY SALON Suite has made a name for itself in major markets throughout North America for being the only salon complex to offer fully-equipped, upscale suites featuring a full-length style station, styling chair, shampoo sink and color station. Additional amenities include a state-of-the-art security system, luxurious bathrooms and an elegant lobby. In addition to the attractive accommodations, members are offered ongoing training and support to grow and develop their business, which includes access to a strong referral network.
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