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

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. 

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.

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.

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.

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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.