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My Salon Suite leases private, fully equipped salon suites to beauty, health and wellness professionals who run their own businesses inside the building. Each suite includes a styling station, chair, shampoo sink and color station, members have 24/7 access, and the company covers utilities, air conditioning and Wi-Fi. Members also receive business training and a referral network. The brand has more than 350 locations across North America and is part of the Propelled Brands portfolio.
A franchise owner acts as a landlord, recruiting health and beauty professionals and renting suites to them, with training, sales and marketing support from the franchisor.
My Salon Suite describes its ideal candidates in financial terms, including a minimum net worth, available capital and credit score, plus the ability to maintain their lifestyle for 9 to 12 months during pre-opening and ramp-up.
| Fee | Amount | When it's paid | Source |
|---|---|---|---|
| Initial franchise fee | From the FDD | Once, at signing | Item 5 |
| Royalty | From the FDD | Ongoing | Item 6 |
| Marketing fee | From the FDD | Ongoing | Item 6 |
| Total initial investment | $995K to $1.8M | Before opening | Item 7 |
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Your franchise coach can walk you through it on a free intro call.
