Franchise Partner Responsibilities

Your franchise partner responsibilities don’t have to be overwhelming. With few to no employees, owning a MY SALON Suite franchise gives you the freedom you want and the earnings you deserve.

  • When you decide to run a salon suite franchise, it’s important to remember you are joining a community of committed and passionate professionals. From our franchise partners to our Members, passion is always a constant at MY SALON Suite.

    We carefully designed our systems to support the growth of our partners, no matter how far they want to go. Our franchise suite model has shown its strength for successful growth through the prosperity of our franchise partners owning and developing multi-unit stores. This affords our franchise partners the confidence necessary to plan and expand their businesses.

  • Understanding Your Franchise Partner Responsibilities

    As a MY SALON Suite franchise owner, you’re responsible for more than collecting rent. Your franchise partner responsibilities include the following:

    • Recruiting Members
    • Retaining a high occupancy rate
    • Managing all financial procedures
    • Establishing ties to your local community
    • Selecting and implementing marketing plans
    • Working with Suite Management Franchising to grow the company

Franchise owners work 5 – 10 hours per week

Because salons are run by experienced full-time manager and occupied by salon professionals with business ownership experience, they do not require constant franchise partner presence once occupancy is stable.

Franchise Earning Potential

MY SALON Suite is ideal for people who enjoy their six-figure incomes but are tired of the demands of a six-figure work schedule. A salon suites franchise attracts franchise partners looking to replace their six-figure income while also taking advantage of a semi-absentee lifestyle.

The primary income source for our franchise partners is the rent collected from Members. It works a lot like an apartment complex. Of course, rent, size and occupancy also matter. These factors contribute to your net profit. However, it’s MY SALON Suite that provides all the tools you need for your franchise to thrive.

Discover how these critical numbers are performing at corporate, associate, and franchised stores at the table below. This information is summarized from Item 19 of our Franchise Disclosure Document (FDD).

Table 1
Franchised Outlets
Location Details Locations open as of December 31, 2022 (171 Total)
High Low Average Number that met or exceeded average Percent that met or exceeded average
% of Total
Occupancy
100% 36.0% 93.5% 119 69.6%
Location # of Sq. ft. 13,172 3,760 5,751 69 40.4%
# of Suites 70 18 30 72 42.1%
Gross Revenue $1,382,009 $195,792 $450,071 100.0% 70 40.9%
General Operating Expense $224,709 $18,407 $76,983 17.1% 71 41.5%
Rent Expense $381,618 $49,060 $139,289 30.9% 68 39.8%
Royalties $76,010 $10,769 $24,782 5.5% 70 40.9%
EBITDA $799,727 $-10,995 $209,017 46.4% 76 44.4%

 

*Per the 2023 Franchise Disclosure Document. The following figures are only estimates, and there is no assurance you will do as well if you rely upon our figures. If you rely upon these figures, you must accept the risk. Average center sales are based on the gross sales reported by 171 locations, and average owner benefit is based on the unaudited operating statements supplied by the 171 locations open in the US for the entire year ending December 31, 2022. Average owner benefit is calculated based on the 2022 year-end benchmark study from Item 19 of the 2023 Franchise Disclosure Document.

Start Your Path to Salon Suite Franchise Ownership

Salon suite franchising offers many opportunities for strong revenue streams and the chance to enjoy semi-absentee ownership. This means it’s no surprise that people are so interested in starting a salon suite franchise of their own.

Learn how you can find the freedom you crave and the income you deserve with MY SALON Suite franchise. Contact us for more information about how you can get started today!

  • Request Franchise Info

    IDEAL CANDIDATES INCLUDE:
    • Minimum net worth of $1,500,000+
    • $500,000 liquid
    • Minimum 700 credit score
    • An ability to financially maintain your lifestyle for 9 to 12 months during pre-opening and ramp-up stages
  • Where would you like to open a My Salon Suite location?
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