Franchise Business Review, a franchise market research firm, announced that MY SALON Suite has been named to their annual list of the Top 200 Franchise companies. The list, titled 2017 Top Franchises Report, ranked hundreds of participating franchise companies by their overall levels of franchise owner satisfaction.
MY SALON Suite was ranked in the top 50 percent, beating out the competition to land in the list.
MY SALON Suite was ranked in the top 50 percent, beating out the competition to land in the list.
“We are thrilled to be named in the top half of the list,” said Ken McAlister, CEO and vice president of real estate for MY SALON Suite. “Creating a welcoming and supportive environment for our franchisees is our top priority. We’re proud that our franchise family consistently provides positive feedback about our training process, support system and rewarding business opportunity.”
The Franchise Business Review Top 200 ranking puts MY SALON Suite into an elite group of the best franchise companies in the country. More than 3,000 companies franchise in the United States, but only those with exemplary fundamentals, great financial position and high franchisee satisfaction scores earn a spot in the ranking.
MY SALON Suite was among 334 franchise brands, representing more than 30,000 franchise owners, that participated in Franchise Business Review’s research, which was conducted between May 2015 and November 2016. MY SALON Suite’s franchisees were surveyed on 33 benchmark questions in the areas of financial opportunity, training and support, leadership, operations and product development, core values (e.g., honesty and integrity of franchisor), general satisfaction and the franchisee community. An additional 16 questions asked franchisees about their market area, demographics, business lifestyle, overall enjoyment running their franchise and role in the franchisee community.
The survey data showed the following: franchisees gave MY SALON Suite an overall score of 4.2 out of 5, 4.5 out of 5 for core values and 4.4 out of 5 for franchise community. More than 85 percent of MY SALON Suite franchisees participated in the survey.
Providing entrepreneurs interested in investing in the franchise a full suite of support services ranging from initial and ongoing training to sales and marketing programs, the MY SALON Suite investment ranges in price from $395,000 – $955,000. Plus, MY SALON Suite offers 10 percent off franchise fees for veterans.
“Franchises that survey their franchisees realize that transparency and openness contributes to a trusting relationship,” says Eric Stites, CEO of Franchise Business Review. “Franchisee satisfaction ratings show you whether or not a franchise opportunity is really as good as it appears and fits your values and vision by providing insight into a system’s culture, training, leadership, financial outlook, franchisee community and much more.”
For more information about available franchise opportunities with MY SALON Suite please visit: www.mysalonsuite.com/franchise/.
To learn more about Franchise Business Review’s annual Top 200 ranking, please visit: www.franchisebusinessreview.com.
About MY SALON Suite
Founded in 2010 by renowned stylist Al Ferrigno, his niece Alanna McAllister and her husband Ken McAllister, MY SALON Suite is raising the bar in luxury for salon entrepreneurs and consumers across North America. Featuring a fully equipped, private styling center, state-of-the-art security system and more, the suites attract seasoned health and beauty professionals specializing in a range of services. With more than 30 locations in 13 states across the United States and Canada, the New Orleans-based franchise concept looks to add 200 franchise partners and 300 salons in the next five years. Guiding the brand’s rapid expansion is a new strategic alliance partnership with Ratner Companies, the nation’s largest family-owned collection of salons, which has introduced a new in-house financing program for new and prospective franchisees.
For more information about MY SALON Suite’s membership packages, please visit www.mysalonsuite.com. To inquire about franchise opportunities, visit www.mysalonsuite.com/franchise/.
About Franchise Business Review
Franchise Business Review (FBR) is the only independent market research firm that specializes in benchmarking franchisee satisfaction based exclusively on ratings and reviews from franchise owners. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at www.franchisebusinessreview.com.