My Salon Suite

At a Glance

Products & Services: Salon suites

Number of Locations: 21

Total Investment: $503.5K - $869.5K

Founded: 2010

Began Franchising: 2012

Franchise Units

Year U.S. Canadian International Company Owned
2014 16 1 0 4
2013 6 1 0 4
2012 0 0 0 3
2011 N/A N/A N/A 3
2010 N/A N/A N/A 2
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $503,500 - $869,500
Franchise Fee: $37,500
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $800,000
Liquid Cash Available: $150,000
Operations
80% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed..
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days. At franchisee's location: 2 days.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

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