Suite Management Franchising, LLC
  • Research MY SALON Suite
    • What is a MY SALON Suite Franchise?
    • The MY SALON Suite Story
    • What are my Startup Costs?
    • How do I finance my MY SALON Suite franchise?
    • What is my franchise earning potential?
    • How is MY SALON Suite Different From Its Competitors?
    • Why Is MY SALON Suite’s Support the Best in Franchising?
    • A day in the life of a franchisee
    • Salon Suites: A New Era for Salon Pros
    • What Makes a Good Location?
    • Where are our Available Markets?
    • MY SALON Suite Scores Big with Franchisees
    • Do I Need Salon Experience?
    • Who makes a good franchise owner?
    • Meet Our Executive Team
    • FAQ
    • Partner Testimonials
  • Request Franchise Information
  • Blog

MY SALON Suite’s ranking on the Entrepreneur Franchise 500 list

1/10/2017

0 Comments

 

MY SALON Suite Soars To New Heights On Entrepreneur Magazine’s 38th Annual Franchise 500® List

MY SALON Suite announced today that it has been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking. MY SALON Suite has been rated #141 overall, raking in the top half.
 
The prestigious award validates the progress the company has made in the past year. In 2016, the brand added more than five new locations, bringing the total to 30 plus locations to communities throughout the United States.
 
“We are honored to receive this ranking,” said Ken McAlister, CEO and vice president of real estate for MY SALON Suite. "We look forward to building upon this growth in 2017, as we form new relationships, expand into new markets and offer our existing franchisees continued support.”

The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
 
“We spend months gathering and crunching data in order to produce the Franchise 500 ranking. We’re proud of the result and the way it continues to be a resource for the franchise community,” says Jason Feifer, editor in chief of Entrepreneur. “Like every industry, franchising is ever-evolving and must smartly react to new technologies and consumer demands. We know it takes a lot to stay competitive and are excited to celebrate those that do it best.”
 
MY SALON Suite, the nation’s leading upscale salon suite franchise, 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 owning a MY SALON Suite franchise should have the ability to invest $355,700 - $955,000, which includes working capital and a typical franchise fee of $50,000. Plus, MY SALON Suite offers 10 percent off franchise fees for veterans.
 
“In order to reflect the evolving business world at large, we at Entrepreneur continue to evolve our annual ranking, too,” says Ryan Shea, president of Entrepreneur. “We’ve developed new ways to measure and analyze our collected data as new critical data points come into play. We take into account pertinent factors such as social media presence and financing availability, which have become increasingly important in today’s economy. The result is a more complete and relevant Franchise 500® that can serve as a valuable resource for our readers.”
 
To view MY SALON Suite in the full ranking, visit: www.entrepreneur.com/franchise500.
 
To learn more about MY SALON Suite visit: www.mysalonsuite.com.
0 Comments



Leave a Reply.

    Archives

    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    February 2017
    January 2017
    November 2016
    August 2016
    July 2016
    June 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015

    Categories

    All
    Franchise
    Franchising
    Suite

    RSS Feed

    Want More?
    Stay up-to-date with the latest MY SALON Suite News. 
    Click HEre

RECENT FRANCHISE STORIES

Picture
MY SALON Suite Named to Entrepreneur Magazine’s List of Top New Franchises of 2016
Picture
MY SALON Suite and Ratner Companies Announce Strategic Alliance
Picture
Featured every month in the Living Large: How to Build a Better Franchisends in Living Large

Picture
WATCH - Good Morning Arizona on KTVK - Hair Hacks Featuring Stylist Steven Graziano of MY SALON Suite 
Picture
Voted #1 Salon Suite by Franchise Business Review.  Find out what our franchise partners say about us! 
Picture
Entrepreneur Online - Why We Opened a Different Take on the Classic Salon Franchise


ABOUT US
Meet the Team

VISIST OUR BRANDS
mysalonsuite.com
salonplaza.com

Picture
Picture
Copyright © 2017
This website and the franchise investment information on this site do not constitute an offer to grant a franchise. The offer of a salon suite franchise can only be made through the delivery of a franchise disclosure document. 
Picture
           PROUD SPONSOR 

  • Research MY SALON Suite
    • What is a MY SALON Suite Franchise?
    • The MY SALON Suite Story
    • What are my Startup Costs?
    • How do I finance my MY SALON Suite franchise?
    • What is my franchise earning potential?
    • How is MY SALON Suite Different From Its Competitors?
    • Why Is MY SALON Suite’s Support the Best in Franchising?
    • A day in the life of a franchisee
    • Salon Suites: A New Era for Salon Pros
    • What Makes a Good Location?
    • Where are our Available Markets?
    • MY SALON Suite Scores Big with Franchisees
    • Do I Need Salon Experience?
    • Who makes a good franchise owner?
    • Meet Our Executive Team
    • FAQ
    • Partner Testimonials
  • Request Franchise Information
  • Blog