Phenix Salon Suites

WHY Phenix Salon Suites?
Semi Absentee Model – 8-12 hours per week, manage 1 part time employee.
Recession Resistant Industry, No Seasonality - Hair never stops growing.
Technology Resistant Industry.
OUR IDEAL FRANCHISEE
The ideal Franchisee is one that is a self motivator, willing to learn and does not want to work 40 hours per week.
AVAILABLE MARKETS
US markets available: All except noted below
HOT Regions/Desirable: All available
NOT available: CO, DC, MD, NC, & VA
Available in Canada: Yes
International Referrals: Yes
BACKGROUND
Year founded: 2007
Year Franchised: 2012
Number of franchises currently operating: 400
Number of corporate owned franchises: 29
Home Based: No
Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: Yes – only international
Average number of employees required: 1 Part-Time
E2 Visa Friendly: NO
FINANCIAL DETAILS
Franchise Fee: $52,500 (1 Unit), $93,000 (2 Units), $128,000 (3 Units)
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: $718,477 - $1,932,884 (before TI)
Liquidity(cash, stocks, bonds) requirement: $300,000
Net worth requirement: $1,000,000
Royalty: $.33 PSF
Additional fees: $.06 per square foot – National brand fee
Financial assistance available: Yes
VetFran program: Yes
SUPPORT & TRAINING PROVIDED
Training and support program details:
Phenix Salon Suites provides 2 1/2 days of Training
for new Franchisees. The Management team is also very hands on from Site Selection
to lease negotiations, construction, operations and marketing.
All training is currently conducted in our Colorado Springs, CO Headquarters.
Cost for Training:
a. Investor: 0
b. Others: 0
c. Later for new hires: 0
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: On-going
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