Sola Franchise Corporation
ola Franchise Corporation n/k/a Let’s Ride Corporation (“SFC”)
Company Information
300 Union Boulevard, Suite 600 Lakewood, Colorado 80228
We are a Colorado limited liability company formed on January 2, 2018. We do not do business under any other name. Our principal business address is 300 Union Boulevard, Suite 600, Lakewood, Colorado 80228. We offer franchised businesses (“Sola Franchise(s)”) under the name “Sola Salon Studios”. Our agent for service in Colorado is Ben Jones with a principal address of 300 Union Boulevard, Suite 600, Lakewood, Colorado 80228. Our agents for service of process for other states are listed in Exhibit D to this Disclosure Document. We began offering Sola Franchises in February 2018. We have never offered franchises in any other line of business. We operate the Sola Salons owned by our affiliates Sola Salon Studios LLC and Sola Salon Studios California, LLC. We have not engaged in any other type of business activity.
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Franchise Rating
Franchimp Summary Rating
3/10
Investment Accessibility
3/10
Franchise System Development
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Employee Contact Database
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: $20,000 Maximum: $63,650
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $1,055,953 Maximum: $3,640,034
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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