The MY SALON Suite opportunity offers a semi absentee business model with no employees. Franchisees are landlords in a stable and growing industry. No previous salon experience is required.
Fitness & Beauty, Retail Franchises
About MY SALON Suite
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.
2012 (13 years)
51
$455,642
Franchise Fees
$50,000
$25,000 Veteran's Fee
2.75% - 5.5%
Gross Revenues
$200
Fixed Fee
Why 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.
Ideal Candidate
- Minimum net worth of $1,500,000 and $500,000 liquid assets
- 700 credit score
- An ability to financially maintain your lifestyle for 9 to 12 months during pre-opening and ramp-up stages
$675,106 - $1,682,095
$500,000
$1,500,000
Testimonials
“Before MY SALON Suite, I was traveling 25-36 times a year for work. Working in corporate America, you get paid just enough to not leave; no time is sacred. Fast forward to joining MY SALON Suite and my life has completely changed,” said Roseville, MN owner, Chris Newpower
“I’m able to work on my business when it suits me, which can be any time. I love the freedom owning my own business has given me.” “People ask me why I went into franchising instead of building my business on my own. Going with a franchise is more turnkey, I felt like I was ahead of the game from the start. MY SALON Suite’s business model is perfect for those who want to own their own business without having to manage employees. Honestly, there is nothing more rewarding than running your own business!” Shel Schenkler “What really attracted me to MY SALON Suite was the business model,” said Shel Schenkler, owner of the Williamsville, NY location. “I don’t have any direct employees. I don’t have to worry about the hiring process or managing a staff. The semi-absentee model gives me freedom – not working a regular desk job is much better for my family.” “I spent 40 years in the corporate world, working with the MY SALON Suite team is refreshing. Everyone is welcoming and knowledgeable of the field. It’s very gratifying to help small business owners start their business and see them thrive. The corporate team is really focused on their success as well. I’m very happy with the support I’ve received from the team!”
