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Updated RecentlyPhenix Salon Suites vs Famous Toastery Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Phenix Salon Suites vs Famous Toastery including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $308,130 - $1,387,420 | $600,500 - $1,024,500 |
| Franchise Fee | $49,500 | $40,000 |
| Royalty Fee | $0.30/sq. ft. | 5% |
| Advertising Fee | $0.06/sq. ft. | 1%-2% |
| Year Founded | 2007 | 2005 |
| Year Franchised | 2010 | 2013 |
| Term Of Agreement | 7 years | 10 Years |
| Term Of Agreement | 7 years | 10 Years |
| Renewal Fee | - | 0 |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/Yes |
| Inventory | -/Yes | -/Yes |
| Receivables | -/Yes | -/Yes |
| Payroll | -/Yes | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 12 hours Classroom Training: 19 hours | On-The-Job Training: 744 hours Classroom Training: 32 hours |
| Support | *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection |
| Marketing | Ad Templates National Media Regional Advertising Social media Website development | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Absentee ownership is allowed | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Phenix Salon Suites
Phenix Salon Suites is the fastest growing "Salon Suite' concept in the US, and the only Salon Suite / Studio concept to make the top 500 Ranking by Entrepreneur Magazine. The company began expanding in 2012 and opened 26 new locations in 2012. The company has 75 new locations that will open during 2013 and over 300 locations are currently scheduled to be opened in the next couple of years. The rapid growth of Phenix Salon Suites has been through the "Salon Community". The Phenix Salon Suites difference is in truly understanding the Salon Professional and what they go through on a daily basis. After all, the founder of Phenix Salon Suites (Gina Rivera) still works in a suite several days a week as a Hair Dresser. A deep love and passion for the "Salon Industry" and truly caring for every Salon Professional that is part of the Phenix Salon Suites family is what we are about.
Phenix Salon Suites was founded by a family of Salon Professionals with over 75 years of experience in the Salon Industry. Salon Professionals used to only have two choices to provide their services to customers. One was to work on a commission basis and take home about 40% of their earnings or to work under a booth rent situation and still answer to a Salon Owner. Phenix Salon Suites pioneered a new vision in Colorado Springs, CO in 2007 and that was to give Salon Professionals the opportunity to run their own Salon Business at a fraction of the cost it takes to open a full fledged salon and for about the same amount that Salon Professionals pay for "Booth Rent". The concept was an immediate success and the founders began to expand their locations.You NOW have the opportunity to capitalize on this exciting concept and gain financial freedom.
The Right Concept
The Salon industry is a recession resistant $60 Billion Dollar industry. A Phenix Salon Suites Franchise gives you the unique opportunity to capitalize on this industry with absolutely no salon experience needed.
The Right Opportunity
You can now take control of your future and grow your own business. Spend more time with your family and enjoy financial freedom. Work smarter and not harder - most locations can be run by absentee owners.
A Phenix Salon Suites Franchise
*Salon Suites are the future in the Salon Industry
*Over 900,000 licensed salon professionals in the U.S. alone
*Absentee owner opportunity - most locations run themselves
*Much lower investment than many franchise opportunities
*Recession resistant industry
*Rewarding business opportunity
*Protected territories
*Low "Flat Rate" royalty
*You can keep your current job - IF YOU WANT
Seeking new franchise units in the U.S., Canada,and Western Europe
Veteran Incentives 20% off franchise fee
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#64 in Franchise 500 for 2021.
About Famous Toastery
Share the Toastery Love
It’s no secret that breakfast, lunch and
brunch restaurants have captured American’s hearts and the interest of
restauranteurs nationwide. The hours are ideal. The table turnover is
profitable. And as a bonus, you meet some remarkable customers along the
way.
If you’re interested in owning a Famous Toastery, you must have
$250,000 in liquid cash and a net worth of $500,000 or more. Then,
you’ll meet with our team so we can spill the beans and make sure we’re a
good fit.