- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$122K - $342K
- Units as of 2020
-
2
Encore Salon Suites was established in 2017 by master stylist, barber, and salon suite expert Patrice McKinney. Encore Salon Suites believes it creates a new approach to an innovative idea by providing new franchisees with tools, resources, information, and a team to help start a new business.
Encore Salon Suites includes a collection of spacious private barber suites, estheticians, and beauty professionals. The company began to offer franchises in 2020 and is actively seeking to expand its reach.
Why You May Want to Start an Encore Salon Suites Franchise
Encore Salon Suites creates substantial value for its tenants and treats them as a family. Encore Salon Suites believes that together they can build a foundation for growing businesses. The company strives to foster a safe and calm space where salon managers and customers can relax and have peace of mind.
Qualified franchisees must have budgeting knowledge, organizational skills, team-building capabilities, and a background in business may be beneficial.
What Might Make an Encore Salon Suites Franchise a Good Choice?
Franchisees have access to a customized app to help manage and promote their location. Here, Encore Salon Suites franchisees may be free to create their own schedule, set their pricing, and sell their products. Salon managers should expect to run the daily business operations and hire trained professionals.
To be part of the Encore Salon Suites team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Encore Salon Suites may offer exclusive territories, potentially meaning that franchisees will not have to worry about competition from other Encore Salon Suites locations.
How To Open an Encore Salon Suites Franchise
If awarded a franchise, franchisees may receive a great deal of support from the Encore Salon Suites brand throughout the franchising process. In addition to pre-opening training, franchisees can receive support through brand awareness, marketing, research, and construction. Franchisees with Encore Salon Suites may receive hands-on training and continued support after their franchise location has opened.
Before making any financial commitment or signing an agreement with Encore Salon Suites, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask questions about the Encore Salon Suites franchising team.
Also, ensure that you take time to explore the opportunity. Research the brand and your local area to see if the brand's franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate an Encore Salon Suites franchise.
Company Overview
About Encore Salon Suites
| Related Categories | Salon Suites |
|---|---|
| Founded | 2017 |
| Leadership | Patrice McKinney, Owner |
| Corporate Address |
2011 Bolton Rd., #104 Atlanta, GA 30318 |
| Social | Facebook, Instagram |
Business Overview
| Franchising Since | 2020 (4 years) |
|---|---|
| # of employees at HQ | 3 |
| Where seeking |
This company is offering new franchises in the following US states: |
| # of Units | 2 (as of 2020) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Encore Salon Suites franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$30,000 |
|---|---|
|
Initial Investment
|
$121,550 - $341,650 |
|
Net Worth Requirement
|
$170,000 - $250,000 |
|
Cash Requirement
|
$85,000 - $125,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 16 hours |
|---|---|
| Classroom Training | 25 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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