MY SALON Suite
$500,000
$50,000
317
2012
Carrollton,TX
Catherine Monson
Overview
The MY SALON Suite franchise opportunity is perfect for entrepreneurially-minded individuals who want to either grow their current business portfolios or explore franchising as a business option. MY SALON Suite Franchise Partners enjoy the benefits of a semi- absentee business model with few to no employees. Key responsibilities include leasing and property management - most franchise owners have no prior salon experience. The salon industry is stable, and within that, the salon suite sector is growing. MY SALON Suite is a well-known, reliable brand in this industry.
Franchise Unit Trends and Revenue
317
56
$442,928
* in 2023
Franchise Fees
$50,000
Veteran's Fee: $25,000
5.5%
Gross Revenues
$200
Why Choose MY SALON Suite?
As a MY SALON Suite franchise owner, you give stylists the opportunity to run their own business. You are the landlord, and they rent their salon space from you. MY SALON Suite will train you in every aspect of what it takes to recruit qualified salon professionals and running a successful salon suite franchise. If you are willing to learn, MY SALON Suite offers you the potential for long-term sustainable income. Our team is dedicated to making sure you are a success! Your success is our success. It’s as simple as that. That’s why we have franchise business leaders in your region that you can reach out to anytime for questions and support. Our corporate staff members are constantly working on ways to make MY SALON Suite a great investment for our franchise partners.
Starting Costs and Investment Requirements
$686,171 - $1,809,913
$1,500,000
$500,000
Training and Support
The MY SALON Suite corporate team will support you every step of the way! There is a support team for every phase of the business - Site Selection, Construction, Leasing, Operations and Member Support. Before you open your location, you will attend MY SALON Suite Franchise University. There, you will learn how to lease the suites to ensure maximum adherence to the lease. You will also learn how to speak with salon professionals and connect with Members to create a meaningful community at your salon. You will leave our training with the skills and confidence you need to protect your investment and thrive.
History
MY SALON Suite grew from a mom and pop salon to a multi-million-dollar franchise. Ken and Alanna McAllister opened their first location in Metairie, LA in 2010, a second six months later, and began franchising in 2012. In ten years, they grew the company to over 200 franchised locations, and more on the way! We hope you will join us as the MY SALON Suite franchise story continues to unfold.
Ideal Candidate
- Minimum net worth of $1,000,000+ -$250,000 liquid Minimum
- 700 credit score
- An ability to financially maintain your lifestyle for 9 to 12 months during pre-opening and ramp-up stages
