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Phenix Salon Suites Franchising LLC

2014 Franchise 500
#352
At a Glance

Products & Services: Salon suites

Number of Locations: 76

Total Investment: $277.5K - $921.7K

Founded: 2007

Began Franchising: 2010

About Phenix Salon Suites Franchising LLC

Gina Rivera's family has been involved in the salon industry for over 75 years, and she continued the tradition by becoming a licensed hair dresser. In 2007, they opened Phenix Salon Suites (named for their son Phenix,) in order to offer salon professionals an alternative to either renting a booth in an existing salon or dealing with the challenges of owning their own salon. Franchising began in 2010. Phenix franchisees offer month-to-month leasing of suites for hair stylists, nail technicians and other salon professionals to run their businesses out of.

Franchise Units

Year U.S. Canadian International Company Owned
2014 70 0 0 6
2013 35 0 0 8
2012 23 0 0 8
2011 0 0 0 5
2010 0 0 0 3
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Canada, Eastern Europe, Mexico, South America.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $277,450 - $921,700
Franchise Fee: $40,500
Ongoing Royalty Fee: $750-1.3K/mo.
Term of Franchise Agreement: 7 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $50,000
Operations
Franchise can be run from home. Absentee ownership of franchise is 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: 1 week. At franchisee's location: 1 week.
Ongoing Support: Internet, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Regional advertising,

Franchise Ranking History

Franchise 500®: #352 (2014),
Top New: #24 (2014), #67 (2013),

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