MY SALON Suite

Description

MY SALON Suite is the future of the salon industry. You provide an upscale beauty complex for salon professionals to operate their own salon without them having to invest capital, manage employees or deal with the challenges of a traditional salon. They become loyal long-term tenants. MY SALON Suite is a true semi-absentee business, with no employees, very few moving parts, which only requires about one day per week to manage once built and leased. You are in the salon industry, but not in the salon business. This is a business-to-business model where you become a landlord to tenants in the health and beauty industry who own and run their own businesses. You need no experience in real estate or in the salon industry.

Available offerings for both USA and Canada (See International Section for more details on Canadian offering)

Business Type:
Retail (Brick and Mortar)

Background

Year Established: 2010
Year First Franchised: 2012
Franchised Units: 10 - 50
Actual number of units: 35
Company Owned Units: 4

States referrals areaccepted in:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington DC
  • West Virginia
  • Wisconsin
  • Wyoming

Background Notes

  • Registered in ALL USA states except HI.
  • Franchises available in all Canadian provinces.
  • USA Franchisees Number: 35
  • Canadian Company Owned Units: 1
 

Financial / Terms

Cash Investment (Liquid): $350000
Minimum Investment: $500000
Maximum Investment: $800000
Minimum Net Worth: $800000
Franchise Fee: $50000
Discounts: None
Average # of Employees: Generally None
Financial Performance Representation / FPR-Item 19 in FDD: Yes
Ownership Participation:
Executive Model Passive Ownership
Royalty Type: Flat Percentage Fee

Royalty Fee Structure: 5.5% of gross revenues

Ad Fee Structure: None

Financial Terms Notes:

Cash Investment: $300,000 Minimum
Total Investment: $500,000 - $800,000
Minimum Net Worth: $1,000,000
Franchise Fee: $50,00 for a Single / 3 Pack = $100,000

Franchise Sales

Single Unit: Yes
Multiple Units: Yes
Area/Master Developer: No
Resales: No

International Expansion

 

International Expansion Opportunities: Yes
Regions outside of U.S. available for Expansion:
Canada / North America

Single Unit Availability Outside US: Yes
Multiple Unit Availability Outside US: Yes
Area Development or Master Avail: No

International Expansion Notes:

  • Cash Investment: $250,000 Minimum
  • Total Investment: $500,000 - $900,000
  • Minimum Net Worth: $800,000
  • Franchise Fee: $50,000 for a Single / 3 Pack = $100,000
  • Currency is $Canadian

 

 

Support & Training Provided

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Co-operative Advertising: No
Support and Training Notes:
Financial Assistance Provided: In-house
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Co-operative Advertising: none

Training:

Comprehensive, 2.5-day training focused on MSS brands and systems, and learning how to operate a successful MSS franchise.

Support:

Real estate site selection, construction management, full marketing support, on-site support for grand opening.

Ongoing support including business metrics.

Get Started!

 

Freddy O'Pry

Franchise Development

281-342-7474