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Updated RecentlyMY SALON Suite Franchise
Salon suites
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.
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.
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.
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.
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.
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How much does it cost to open a MY SALON Suite Franchise?
The investment required to open a MY SALON Suite Franchise is between $713,738-$1,603,518. There is an initial franchise fee of $50,000-$200,000 which grants you the license to run a business under the MY SALON Suite name.
Individual Unit Costs
- Initial Investment:
$713,738-$1,603,518 - Initial Franchise Fee:
$50,000-$200,000 - Royalty Fee:
5.5% - Advertising Fee:
1%
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When did MY SALON Suite start Franchising? 2012
United States: Nationwide
International: Worldwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | Yes |
| Startup Costs | N/A | Yes |
| Equipment | N/A | Yes |
| Inventory | N/A | N/A |
| Accounts Receivable | N/A | N/A |
| Payroll | N/A | N/A |
Training
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
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
To calculate how much income a franchise owner can do at MY SALON Suite Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Legal Disclaimer: This information is not a franchise offering for MY SALON Suite and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a MY SALON Suite franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
MY SALON Suite
3900 N. Causeway Blvd., #1200
Metairie,
LA
70002