MY SALON Suite

About MY SALON Suite
MY SALON Suite comes in at number 6 in the exclusive list of the year s most promising business opportunities within the franchising industry.--We are honored to be recognized as one of the best new franchise concepts,-- said Ken McAllister, CEO and President of Suite Management Franchising, the established franchising subsidiary of MY SALON Suite. --This award is a testament to the hard work both our corporate team and our franchise owners have put into making our concept the best it can be.--​--The impact of carefully selecting our franchise owners is a large reason why we have reached consistent success,-- added McAllister. --Moving further into 2017, we are looking forward to adding even more talented franchisees to our family and being able to bring our upscale salon suites to a greater number of communities nationwide.--MY SALON Suite has made a name for itself in major markets throughout North America for being the only salon complex to offer fully-equipped, upscale suites featuring a full-length style station, styling chair, shampoo sink and color station. Additional amenities include a state-of-the-art security system, luxurious bathrooms and an elegant lobby. In addition to the attractive accommodations, members are offered ongoing training and support to grow and develop their business, which includes access to a strong referral network.Entrepreneurially spirited individuals interested in investing in theMY SALON Suitefranchise will receive a full suite of support services ranging from initial and ongoing training to sales and marketing programs. Plus,MY SALON Suiteis a proud partner of the VetFran program. Approved candidates receive 10 percent off of the total franchise fee.Franchisees may choose to become a Multi-Unit Operator, earning the right to establish and operate three, six, or ten My Salon Suite or Salon Plaza franchises under a Multi-Unit Option Agreement containing a development schedule, which includes between $99,000 and $200,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed. The total investment necessary to begin operation of a three Multi-Unit Operator business is between $713,738 and $1,502,518, which includes $99,000 that must be paid to the franchisor at the time the Multi-Unit Option Agreement is signed. The total investment necessary to begin operation of a six Multi-Unit Operator business is between $764,738 and $1,553,518, which includes $150,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed. The total investment necessary to begin operation of a ten Multi-Unit Operator business is between $814,738 and $1,603,518, which includes $200,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed. #22 on Franchise Rankings.com#279 in Franchise 500 for 2020.#61 in Franchise 500 for 2021.

Hair Care & Cosmetics Opportunities

Below is a quick comparison of MY SALON Suite against other Full Service Restaurant franchises and business opportunities. For an in depth comparison of MY SALON Suite with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.
Franchise
Franchise Fee
Royalty
Advertising Fee
Development Costs
0
50000 - 232089
0
225000 - 260000
20000 - 20000
30000 - 50000
0
5%
1%
172250 - 356500
0
75000 - 500000
25000 - 25000
6%
3%
120000 - 185000
25000 - 25000
594500 - 936000
5300 - 5300
1800/year
5%-16%
5300 - 999999
25000 - 25000
4-6%
2%
229000 - 290500
0
213000 - 294000
39000 - 39000
6%
229000 - 347500
15000 - 15000
9%
29500 - 109000
40000 - 40000
5%
3%
245900 - 424800
20000 - 20000
$150/chair
84800 - 161300
20000 - 20000
12% on Services
220000 - 270000
40000 - 40000
6%
2%
400000 - 700000
39000 - 39000
7%
2%
218600 - 392500
40000 - 40000
5%
1% Nat'l + At least $500/mo local
572837 - 743085
0
94500 - 275000
0
99 - 5500
40000 - 40000
5%
1%
132000 - 339500
39500 - 39500
6%
4%
148930 - 316700
0
593450 - 840350
50000 - 50000
7.50%
1%
253000 - 366000
0
219500 - 372500
40000 - 40000
5%
1%-2%
600500 - 1024500
45000 - 45000
6%
2%
294000 - 642000
25000 - 25000
6%
200000 - 350000
15000 - 25000
4.5-5%
120500 - 283000
66000 - 66000
6%
3%
350000 - 550000
25000 - 35000
9%
551300 - 903400
49750 - 49750
5.50%
1%
555387 - 1236840
39000 - 39000
8%
2000
211285 - 314450
20000 - 20000
94100 - 190550
25000 - 25000
6%
50000 - 175000
35000 - 35000
4%-4.5%
2%
159310 - 351770
25000 - 25000
5%
2%
123070 - 155000
38000 - 39500
190550 - 340600
14800 - 14800
5%
44100 - 44100
49500 - 49500
$0.30/sq. ft.
$0.06/sq. ft.
308130 - 1387420
57100 - 435000
3%
1%
227175 - 622553
12500 - 22500
6%
84600 - 148300
35000 - 35000
259050 - 350100
39500 - 39500
4-6%
1%
195750 - 334850
39500 - 39500
4% - 6%
1%
203250 - 342350
24500 - 28500
8%
2-3%
63150 - 83100
50000 - 50000
5.50%
Set by you
722875 - 1357700
50000 - 50000
4%-6.5%
2%
389300 - 665000
99995 - 99995
$1000/Month
106170 - 138995
39500 - 39500
5%
2%
149430 - 305200
15000 - 15000
75100 - 88950
20000 - 35000
6%
2%
124595 - 220375
55000 - 55000
5.50%
2%
531150 - 1714370
59500 - 59500
10.75%
382000 - 747500
0
250000 - 500000
25000 - 25000
5%
3% local +2% Nat'l
191500 - 297000
39500 - 39500
6%
5%
151370 - 321020
35000 - 35000
6%
2%
175500 - 297000
33167 - 49500
6%
2%
178471 - 495152
20000 - 20000
6%
94200 - 136900
25000 - 25000
4%
55000 - 103500
30000 - 30000
250000 - 350000
25000 - 475000
6%
2%
164000 - 700000
25000 - 25000
6%
200000 - 350000
0
32900 - 999999
30000 - 30000
3.5%-5%
1% - 3%
192700 - 423100
0
0
0
175000 - 370000