Sharkey's Hair It Is vs MY SALON Suite Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sharkey's Hair It Is vs MY SALON Suite including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Sharkey's Hair It Is Franchise
MY SALON Suite Franchise
Investment $106,170 - $138,995$713,738 - $1,603,518
Franchise Fee $99,995$50,000 - $200,000
Royalty Fee $1000/Month5.5%
Advertising Fee -1%
Year Founded -2010
Year Franchised -2012
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Sharkey's Hair It Is Franchise
MY SALON Suite Franchise
Experience

We seek positive, customer focused people who are highly motivated with a desire and commitment to build a successful business while having fun.

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Financing Options
 
Sharkey's Hair It Is Franchise
MY SALON Suite Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Sharkey's Hair It Is Franchise
MY SALON Suite Franchise
Training

4 day comprehensive training

On-The-Job Training: 12 hours Classroom Training: 20 hours
Support

Site selection & negotiation *Salon design and layout *Grand opening and continuous marketing programs *On-site assistance during grand opening week *Owners meetings to discuss operations and marketing

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
Operations

For single salon owners we do not require you to work full-time or part-time in the salon. Multi-store owners should work part-time or hire a manager.

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Expansion Plans
 
Sharkey's Hair It Is Franchise
MY SALON Suite Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Sharkey's Hair It Is

We are the most innovative and entertaining salon for both men, women, and children around the globe. Our proven business models, which feature lower than average royalties and three revenue streams, gives you the best opportunity for success.

Hair it is offers our clients a cutting-edge salon where they can enter with the confidence, and they will emerge looking and feeling better than before! We strive to provide friendly and professional service in an inviting environment. Women and Teens will be tended to by stylists professionally trained in the latest styles and trends, incorporating cutting edge techniques and decor. All at affordable prices! Haircuts, color, blowouts, straightening, highlights, styling, Sharkey’s will satisfy all your requests!

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.

Entrepreneurially spirited individuals interested in investing in the MY SALON Suite franchise will receive a full suite of support services ranging from initial and ongoing training to sales and marketing programs. Plus, MY SALON Suite is a proud partner of the VetFran program. Approved candidates receive 10 percent off of the total franchise fee.

Franchisees may choose to become a Multi-Unit Operator, earning the right to establish and operate three, six, or ten My Salon Suite or Salon Plaza franchises under a Multi-Unit Option Agreement containing a development schedule, which includes between $99,000 and $200,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed.
The total investment necessary to begin operation of a three Multi-Unit Operator business is between $713,738 and $1,502,518, which includes $99,000 that must be paid to the franchisor at the time the Multi-Unit Option Agreement is signed.
The total investment necessary to begin operation of a six Multi-Unit Operator business is between $764,738 and $1,553,518, which includes $150,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed.
The total investment necessary to begin operation of a ten Multi-Unit Operator business is between $814,738 and $1,603,518, which includes $200,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed.

"franchiserankingscom"      "Entrepreneur
#22 on Franchise Rankings.com
#279 in Franchise 500 for 2020.
#61 in Franchise 500 for 2021.