As a franchisee, you operate a PHENIX SALON SUITES business that develops fully equipped luxury suites and licensessuch suites to independentsalon and other business professionalsunder the PHENIX SALON SUITES markandthat, at your option, operates a Phenix Salon Store at the salon that sells Phenix Salon proprietary and private label products and other merchandise.
Company Background
PHENIX SALON SUITES(R) is the premiere private salon experience. We provide gorgeous, fully equipped luxury suites for rent to independent stylists and other professionals under our PHENIX SALON SUITES(R) mark or we offer a hair stylist salon under the PHENIX SALONS 1929 mark with a Phenix Salon Store at the salon that sells Phenix Salon proprietary and private label products and other merchandise. We are proud to be one of North America's fastest growing franchises, providing much needed space in an industry where rents are skyrocketing.
Franchise Opportunity
Owning and operating a salon can be difficult, especially when it comes to buying the right equipment and products. Not only do you have to worry about keeping your salon running smoothly, but you also need to make sure that you're buying the best products and equipment possible. This can be expensive and time consuming. PHENIX SALON SUITES is here to help. We offer fully equipped luxury suites for rent to independent salon professionals, as well as our own line of high quality hair products and equipment.
Corporate Structure
PHENIX SALON SUITES FRANCHISING, LLC is a limited liability company formed in Colorado on February 10, 2010. Their principal business address is 662 Encinitas Blvd., Suite 248, Encinitas, CA 92024. They began offering franchises and area development agreements in June 2010.
Earnings Transparency
10 /10
This Franchise discloses far more about the financial performance of their franchisees compared to other franchises in the same industry.
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
This franchise's rate of attrition in 2023
of 0.00%
was
Higher
than the % in the Beauty-Related industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
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Fees
Employee Contact Database
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Name
Position
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Franchise Disclosure Documents
FDD
Effective Date
Distribution of Phenix Salon Suites Franchisees
Phenix Salon Suites Franchise System Development in 2021
FAQ
How much investment do I need to start my own Phenix Salon Suites business?
Franchisees typically require at least
$632,346 to
$1,894,913 investment to get their
Phenix Salon Suites business started
What are the initial franchise fees for Phenix Salon Suites?
Franchisees typically need to pay at least
$62,000 in fees directly to
Phenix Salon Suites in order to earn the right to launch their business
How much money can I make with a Phenix Salon Suites franchise? What are
the average revenues for a typical Phenix Salon Suites business?
We estimate that the average revenue of an individual
Phenix Salon Suites unit is approximately
$310,497. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Phenix Salon Suites unit? What
is my contractual commitment?
Phenix Salon Suites franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
3 /10
The Franchisor's investment costs ranges from
$780,771 to $1,894,913
which is
Much Lower
than the $725,444 to $1,559,592 average in the Beauty-Related industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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