My Salon Suite Franchise Costs, Fees & Owner Salary (2023)

INVESTMENT

$182,000

-

$2,242,000

LOCATIONS

242

Jennifer

Updated

April 11, 2024

Is

My Salon Suite

a franchise?

Yes,
My Salon Suite
currently
accepts
franchise
applications

My Salon Suite is a prominent franchise in the beauty and salon industry, offering an innovative approach to salon ownership. Founded in 2010, this franchise is headquartered in New Orleans, Louisiana, USA.

What makes My Salon Suite unique is its business model, which empowers salon professionals to own and operate their salon suites within a larger shared space, providing them with autonomy and control over their careers while benefiting from a supportive network and upscale amenities. My Salon Suite stands out as a leader in the salon industry due to its commitment to providing salon professionals with a turnkey solution to entrepreneurship.

Salon suite owners have the flexibility to customize their spaces, set their own prices, and create a personalized experience for their clients. This unique approach fosters an environment of creativity and professionalism, allowing beauty professionals to thrive while offering clients a high-quality, personalized salon experience. 

How many

My Salon Suite

franchises

are there?

In 2022, there were
242
outlets in
the United
States, of which
212
are franchises, and
30
are corporate-owned.

What are the

My Salon Suite

franchise

fees?

Advertising fee

2.00%

Initial Franchise Fee

The Initial Franchise Fee is $50,000, paid in a lump sum upon signing the Franchise Agreement. This fee is non-refundable. A discounted fee of $25,000 is available for veterans of the U.S. Armed Forces who meet the requirements of the VetFran Program, or for First Responders.

Royalty Fee

The Royalty Fee is 5.5% of Gross Revenues for the first year. Starting from the 13th month, it is the greater of $1,000 or 5.5% of Gross Revenues.

Advertising Fee

A minimum of $200 per month, which may be increased up to 2% of monthly Gross Revenues.

Transfer Fee

A Transfer Fee of $15,000, plus any broker fees related to the transfer. Additionally, a Resale Consulting Fee of $7,500 may apply if the company assists in selling the Franchised Business.

Renewal Franchise Fee

Upon renewing the Franchise Agreement, a Renewal Franchise Fee equal to 15% of the then-current Initial Franchise Fee being charged to new franchisees.

Technology Fee

A Technology Fee of $170 per month is charged through the end of the Agreement term. This fee is subject to increase upon thirty days' notice by the Franchisor.

Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.

How much does

it cost

to start a

My Salon Suite

franchise?

It costs between
$182,000
and
$2,242,000
to start a
My Salon Suite
franchise.
Type of Expenditure Amount
Initial Franchise Fee $50,000
Travel and Living Expenses $1,000 to $3,000
Rent or Real Estate $13,554 to $41,540
Improvements/Conversions $531,236 to $1,583,846
Furniture and Fixtures $193,417 to $388,151
Signage $4,700 to $19,641
Miscellaneous Opening Costs $1,000 to $3,000
Operating Supplies $1,000 to $5,000
Advertising/Marketing (3 Months) $10,000 to $10,000
Insurance (Annual) $1,400 to $4,000
Additional Funds – 3 Months $0 to $40,000
Design Standards Fee $1,000 to $1,000
Architectural Services Fee $11,880 to $40,000
Project Management Fee $2,500 to $2,500
Licensing and Permitting $657 to $50,122
Total Estimated Initial Investment $823,344 to $2,241,800

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Does

My Salon Suite

provide

training

to its

franchisees?

Yes,
My Salon Suite
provides
training

The franchisor provides a comprehensive training program for its franchisees and their staff. Here are the key aspects of the training provided by the franchisor:

Initial Training Program

  • The franchisor requires the franchisee and the Designated Manager to attend and complete the franchisor's Initial Training Program within 60 days of the effective date.
  • The program includes Online Training Completion, Designated Mentor Location Visit, and FLAIR Foundation.
  • It is conducted at the franchisor's training facility, online, or at another designated location, possibly including webinars or internet components.
  • The franchisee bears all training-related expenses, including transportation, lodging, meals, and salaries.

Additional Training

  • Additional training programs or refresher courses are offered, and attendance may be required as deemed necessary by the franchisor.
  • Franchisees and their Designated Manager might be required to attend up to two days of additional training annually.
  • Franchisees are responsible for the costs associated with additional training.

Ongoing and On-Site Assistance

  • The franchisor provides ongoing consultation and advice on the management and operation of the franchise.
  • Additional onsite assistance is available upon request, subject to a fee.

Does

My Salon Suite

provides

territory

protection?

The franchisor provides franchisees with a Protected Territory. In this territory, the franchisor will not open, operate, or license any third party to own or operate a Franchised Business using the Marks. The typical size of this Protected Territory is a radius of two miles from the franchisee's location, but it can vary based on location and demographics.

The continuation of territorial exclusivity is not contingent on sales volume or market penetration. The franchisee may solicit customers or advertise outside their Protected Territory with the franchisor's prior written approval. However, the franchisor and its affiliates retain the right to establish and operate businesses outside the Protected Territory.

Can a

My Salon Suite

franchise

be run as

a passive

investment?

The My Salon Suite franchise does not advocate for passive investment. The franchise agreement emphasizes the need for the franchisee or their designated manager to personally supervise the operations of the franchised business. The designated manager must complete the franchisor's training program and meet current standards.

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