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Updated RecentlyHairhouse Warehouse vs MY SALON Suite Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hairhouse Warehouse 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 | $350,000 - $550,000 | $713,738 - $1,603,518 |
| Franchise Fee | $66,000 | $50,000 - $200,000 |
| Royalty Fee | 6% | 5.5% |
| Advertising Fee | 3% | 1% |
| Year Founded | 1992 | 2010 |
| Year Franchised | 1998 | 2012 |
| Term Of Agreement | 7 years+7 | - |
| Term Of Agreement | 7 years+7 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Passion; Enthusiasm; Financial Security; Self Motivation; Team Leadership Skills; Willingness to work with a positive attitude. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Industry leading training and development Every new franchisee goes through a comprehensive induction program. This program covers a range of administrative skills and hands-on training key to a successful Hairhouse Warehouse franchise. All training is run in our most successful, best-practice stores. Our training doesn't stop when we hand you the keys. From day one, new franchisees one-on-one mentoring from a member of the operations team to ensure that you have the knowledge and tools to succeed as a long term franchisee with Hairhouse Warehouse. We take a multi-channel approach to training. We've aligned ourselves with multiple training providers all recognised as leaders in their areas of specialisation. They are there to help you meet some of the more specific needs of your business. We offer the very best training across the core areas of our business: salon services, retail and business management. Access to training and development programs is not dependant on store locations � we ensure that all training is available no matter where you are. | On-The-Job Training: 12 hours Classroom Training: 20 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
| Marketing | National marketing support All our franchises have access to the Hairhouse Warehouse Marketing Fund. This means you can develop marketing and advertising for your franchise, when and where you need it. We've sought out the best and brightest marketing and advertising professionals the industry has to offer to make sure your store does as well as it possibly can. You can develop marketing across a range of mediums: TV Radio Retail catalogues Magazines Press Web | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | The majority of our Franchisee's are not hairdresser, their staff are. We look for motivated, enthusiastic people, passionate about the brand and the idea of owning an exciting and rewarding retail business. The HHWH concept has been proven time and time again and replicated continuously throughout Australia so incoming Franchisee's can be confident they will have all the tools necessary to succeed in the franchise operation. | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About Hairhouse Warehouse
We'll help you get ahead As a part of Hairhouse Warehouse, you'll be able to take advantage of our great buying power. This means you can offer your customers better prices on more brands. You'll also have access to our proven operating system that we've been using for 20 years. With a simple turnkey operation, the Hairhouse network just keeps on growing � we've opened over 130 stores and are always welcoming new branches to the family. Multiple revenue streams As a Hairhouse Warehouse franchisee, you will not only be able to offer your customers a massive array of professional hair care and beauty products, but also a range of industry-leading hair and beauty services. Having a range of revenue streams is a core part of any healthy business. It helps you maintain a steady income year round. With a Hairhouse Warehouse franchise, you can take advantage of well-established business offering a range of strategically-chosen revenue streams: A massive range of hair and beauty products Full-service Matrix salon Hair extensions Body piercing Spray tanning Manicures and pedicures Waxing Makeup and beauty And heaps more! Work for yourself, not by yourself Tap into the expertise of seasoned professionals to get advice from our entire support network including marketing, operations, buying, franchising, IT and finance departments. Hairhouse Warehouse has sourced fully approved bank accreditation with a number of leading Australian banks including CBA, ANZ and Westpac subject to individual application and approval.
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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