Phenix Salon Suites Franchising LLC

Phenix Salon Suites Franchising LLC

#442

Initial Investment

LOW: $282,600
HIGH: $937,500

Change in Units

+45.8% +70 UNITS (1 Year)
+71.9% +110 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

2007

Franchising Since

2010 (6 Years)

Corporate Address

7660 Goddard St., #130 Colorado Springs, CO 80920

CEO

Jason Rivera

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.

Financials

Financial Requirements

Initial Investment

$282,600 - $937,500

Net-worth Requirement

$500,000

Liquid Cash Requirement

$200,000

Ongoing Fees

Initial Franchise Fee

$40,500

Ongoing Royalty Fee

$750-$1.3K/mo.

Ad Royalty Fee

$50-75/mo.

Financing Options

Phenix Salon Suites Franchising LLC has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

  • 2014 - 352
  • 2015 - 431
  • 2016 - 442

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 1 week

Ongoing Support
Purchasing Co-ops
Internet
Field Operations

Marketing Support
National Media

Absentee Ownership Allowed

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: December 28th, 2015

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Previous Years Rankings

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