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Updated RecentlySola Salon Studios vs Famous Toastery Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Sola Salon Studios 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 | $531,150 - $1,714,370 | $600,500 - $1,024,500 |
| Franchise Fee | $55,000 | $40,000 |
| Royalty Fee | 5.5% | 5% |
| Advertising Fee | 2% | 1%-2% |
| Year Founded | 2003 | 2005 |
| Year Franchised | 2005 | 2013 |
| Term Of Agreement | - | 10 Years |
| Term Of Agreement | - | 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 |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 744 hours Classroom Training: 32 hours |
| Support | - | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection |
| Marketing | - | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Sola Salon Studios
The totally unique approach of Sola Salon Studios is that we provide high impact, modern, and upscale rental space in a "salon mall" concept that allows salon professionals the opportunity to have their own business and make more money without the risks and challenges of owning a conventional salon....all for the same rate as a chair rental, and often less.
License individual turn-key salon studios to independent salon
professionals under the trade name “Sola Salon Studios” using their
unique system of build-out.
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#75 in Franchise 500 for 2020.
#26 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.