MY SALON Suite Franchise
Description
MY SALON Suite is a high end luxury brand in the suite space. MY SALON Suite is a semi-absentee business with no employees. Their franchise partners are taking anywhere from 4,000 to 14,000 sq. ft. of space, building out individual suites and renting them to health and beauty professionals.
Founded in 2010 by renowned stylist Al Ferrigno, his niece Alanna McAllister and her husband Ken McAllister, MY SALON Suite is raising the bar in luxury for salon entrepreneurs and consumers across North America. Featuring a fully equipped, private styling center, state-of-the-art security system and more, the suites attracted seasoned health and bueauty professionals specializing in a range of services. With more than 200 locations across the United States, the New Orleans-based franchise concept looks to open 50-60 stores each year for the next three years.
What makes MY SALON Suite a Salon Plaza a great franchise to own and operate?
- Semi-Absentee. Looking for passive business model that upon maturity only requires 5 to 10 hours per week
- Few-to-no employees. Great for a husband-wife team where one wants to keep their profession while building a passive income stream
- Validates a six-figure return – Franchise Partners often-times reach breakeven on opening day
- Executive model calls for working “on the business not in the business”
What services are offered in a MY SALON Suite?
- Any service that falls under the health and beauty industry umbrella
- Hair Stylists, Massage Therapists, Nail Technicians, Estheticians, and many more services
Ideal Candidate
Many of their franchise partners are husband and wife teams that are either business executives or prior business executives seeking an investment opportunity that is scalable, requires a minimum number of employees, and offers the option to keep your day job while building a business.
Function of the owner/daily tasks
Their franchise partner is are working about 5-10 hours a week checking in on their location and doing some light book keeping, in the ramp up period, it will be closer to 25 hours a week as their franchisees are filling their store.
- Act as a landlord
- Collect rent
- Build a positive community of independent salon owners
- Execute marketing initiatives
- Manage the financials
Address
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Country United States
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Province/State Florida
Overview
- Property ID 1853
- Price Franchise Fee $50,000
- Property Type Real Estate, Salon
- Property status Brick & Mortar
- Financing: Available
- Cash Investment (Liquid): $500,000
- Required Net Worth: $1,500,000
- Minimum Investment: $686,171
- Maximum Investment: $1,809,913
- Veteran Discount: Available
- Training & Support: Available
Features
Contact
Willie Kirch
Property Agent