1/10

Franchimp Summary Rating

1 /10
Higher than 95% of peers

Franchise Summary

Description
Suite Management Franchising, LLC offers franchises for the operation of: (i) turnkey salon suite studios and related services in a luxury environment under the brand My Salon Suites to salon professionals where such professionals can provide health and beauty services to their own respective clients ("My Salon Suite Businesses") ; and (ii) turnkey salon suite studios and related services featuring upscale modern decor under the brand Salon Plaza to salon professionals where such professionals can provide health and beauty services to their own respective clients ("Salon Plaza Businesses").
Company Background
My Salon Suite provides turnkey salon suite studios and related services to salon professionals. We offer a complete solution for the professional, from design and construction of the space to all the marketing materials, furniture, equipment and supplies our clients need to run their own successful business. My Salon Suite is committed to providing every client with outstanding customer service as well as one-on-one guidance throughout each step of their journey.
Franchise Opportunity
The beauty industry is a $200 billion dollar global market, and it's growing fast. Many salon professionals are not able to grow their businesses because they lack the tools or resources needed to succeed. With My Salon Suite you can build your own business from home, save money on rent and overhead costs, and increase profits by providing services for yourself instead of paying someone else for them. Our turnkey salon suite studios offer everything you need to start your own successful hair styling business in just one day! We provide high quality furniture, equipment, technology and marketing materials at affordable prices so that anyone can get started right away without having to spend thousands of dollars on startup costs. You don't have to be a professional stylist either - our training program will teach you everything you need know about managing a thriving salon business.
Corporate Structure
Suite Management Franchising, LLC is a Florida limited liability company formed on March 30, 2012. Their principal business address is 3900 N. Causeway Blvd., Suite 1200, Metairie, Louisiana 70002.
Royalties and Marketing Fees

Royalties : 5.5% of Gross Revenues

Royalties : Currently a minimum of $200 per month. We reserve the right to increase up to 1% of your monthly Gross Revenues.

Royalties : As determined by cooperative

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

My Salon Suite Franchise System Development in 2024

FAQ

How much investment do I need to start my own My Salon Suite business?
Franchisees typically require at least $675,106 to $1,678,095 investment to get their My Salon Suite business started
What are the initial franchise fees for My Salon Suite?
Franchisees typically need to pay at least $50,000 in fees directly to My Salon Suite in order to earn the right to launch their business
How much money can I make with a My Salon Suite franchise? What are the average revenues for a typical My Salon Suite business?
We haven’t done the math on how much revenue a typical My Salon Suite brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $579,475 revenue, so we would expect My Salon Suite to generate a similar amount
How long do I need to commit to running a My Salon Suite unit? What is my contractual commitment?
My Salon Suite 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

1 /10
The Franchisor's investment costs ranges from $675,106 to $1,678,095 which is Much Higher than the $0 to $0 average in the Beauty related services 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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