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Below is an in-depth analysis and side-by-side comparison of MY SALON Suite vs Blo Blow Dry Bar including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $713,738 - $1,603,518 | $229,000 - $347,500 |
Franchise Fee | $50,000 - $200,000 | $39,000 |
Royalty Fee | 5.5% | 6% |
Advertising Fee | 1% | - |
Year Founded | 2010 | 2007 |
Year Franchised | 2012 | 2007 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | The ideal Blo Blow Dry Bar Franchise Partner:
• is passionate about delighting customers • has great people skills • has a strong work ethic, a commitment to follow proven systems, and basic business skills • is actively engaged in driving their business • is comfortable building partnerships and representing blo in the community • possesses an entrepreneurial sprit and is determined to the success of their small business • has a net worth of at least $350,000 |
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 | On-The-Job Training: 12 hours Classroom Training: 20 hours | Our comprehensive training and coaching programs cover the entire spectrum of your business: site selection & lease negotiation, recruiting & training, marketing & PR, day-to-day operations, and the best blow drying techniques. |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection | Blo’s head office team is passionately dedicated to your success. Our expert staff are here to support you from the minute you sign on as a Franchise Partner, through your grand opening, and on a daily basis. |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Blo’s marketing team is here to guide you on all aspects of marketing and PR, including social media and event planning, and to provide the promotional tools you need to succeed. Consider us your in-house marketing department. We also design any marketing materials you require including signage, business cards, flyers and coupons, advertisements and event invitations. |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
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.