My Salon Suite

Salon suite franchise opportunities are perfect for entrepreneurially- minded individuals who want to either grow their current business ventures or explore franchising as a business option. The salon industry is stable, and within that, the salon suite sector is growing. 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 is a well-known brand in this popular industry.
WHY My Salon Suite?
Semi-Absentee
Few to no employees
Recession Resistant
OUR IDEAL FRANCHISEE
Minimum net worth of $1,500,000+
$500,000 liquid
Minimum 700 credit score
AVAILABLE MARKETS
US markets available: Franchise markets across the United States
HOT Regions/Desirable: Franchise markets across the United States
NOT available: N/A
Available in Canada: Yes, October 2023
International Referrals: Yes (UK, Australia, New Zealand, Scotland, and Ireland)
BACKGROUND
Year founded: 2010
Year Franchised: 2012
Number of franchises currently operating: 304
Number of corporate owned franchises: 51
Home Based: No
Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: Few to no employees
E2 Visa Friendly: No
FINANCIAL DETAILS
Franchise Fee: $50,000 for one location, $100,000 for 2nd location, and $125,000 for third location
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: $675,106 - $1,682,095
Net worth requirement: $1,500,000
Royalty: 5.5% with reduced royalty fees during first year of operation
Additional fees: N/A
Financial assistance available: No
VetFran program: Yes, 50% discount on 1st franchise fee for Vets and First Responders only
SUPPORT & TRAINING PROVIDED
Training and support program details:
Online Training (New Store Training and SuiteForce)
On the Job Training (1
Day Mentor Site Visit)
In Classroom Training (FLAIR Foundation)
All must be completed in order
to provide the best training possible. After FLAIR UNIVERSITY is completed it is recommended that all
owners attend FLAIR Foundation every five years.
Cost for Training: Initial introduction to training at no charge for up to two people
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: 1 day
For more information on our brand offerings, collateral and current resale opportunities, please visit our broker website https://sites.google.com/propelledbrands.com/broker-page/
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