My Salon Suite

My Salon Suite

Salon suites
FREE Franchise Guide!
Franchise 500 2023
2023 Franchise 500 Rank
#66 Ranked #62 last year
See the Full List
Initial investment
$686K - $1.8M
Units as of 2022
243 arrow up 88.4% over 3 years

My Salon Suite is a personal care property management company founded in 2010 by Ken and Alanna McAllister. It started as a single business in New Orleans, Louisiana, and eventually grew to become one of the top salon suite franchise businesses in the U.S. and Canada.

My Salon Suite began franchising in 2012. The company has since established franchise units in many locations across North America. In June 2021, My Salon Suite joined Propelled Brands, which also franchises, FastSigns and NerdsToGo, with the goal of accelerating growth.

As a franchisee, you are offered the opportunity to bring together beauty professionals under one roof, providing them the space to make their own entrepreneurial dreams come true. You'd work as your own boss while supporting your clients in your own salon suite franchise.

Why You Might Want to Start a My Salon Suite Franchise

My Salon Suite helps beauty professionals develop, open, and run a private suite salon. These suite salons come with fully furnished facilities and are gaining popularity among beauty professionals. These factors drive the popularity of My Salon Suite:

  • Provides beauty professionals a sense of ownership.

  • Offers a private, safe, and clean environment that clients love.

  • Professionals share their expansive health and beauty skills.

  • Ability to customize salon designs with the clients' tastes in mind.

  • Dedication to providing quality services.

My Salon Suite offers comprehensive support and training to help you run a smooth salon suite business. The company acts as a business coach to beauty professionals and provides advice about running a successful salon suite franchise.

What Could Make My Salon Suite a Good Choice?

My Salon Suite is among the fastest-growing salon suites franchises in the U.S. Since collaborating with Propelled Brands in 2021, there has been an increase in the number of new franchises opening across several U.S. states. 

The company offers financial backing through third-party lenders to cover the franchise fee, startup costs, and equipment for qualified franchisees. This can be a plus for anyone who is interested in buying a franchise but who lacks the funds to get started independently.

My Salon Suite is a lucrative business with a ten-year renewable agreement period. This type of business allows you to run multiple locations at once. You don't need experience in the beauty sector to start your own salon suite business—you can gain that experience as you go.

How to Open Your Own My Salon Suite Franchise

It might take you a few months to open a My Salon Suite franchise, and the startup will require a significant initial investment. If your net worth and available liquid capital match the company's requirements, you can begin to undergo the process of starting a salon suite franchise. 

To get started, you might need to fill out and submit a franchise inquiry form online. My Salon Suite will typically then send more information and provide you with the Franchise Disclosure Document. After the initial contact, your financial capabilities will likely be assessed before you are able to begin training at My Salon Suite University. You will need to pay a franchise fee, sign franchise agreements, and select a suitable location under a franchise coach's guidance. After this, you should be ready to start your own salon suite business.

Find Your Perfect Franchise

Company Overview

About My Salon Suite

Industry Personal-Care Businesses
Related Categories Salon Suites, Miscellaneous Business Services, Hair Care, Miscellaneous Services, Salon & Spa Services
Founded 2010
Parent Company Propelled Brands
Leadership Stacy Eley, Brand President
Corporate Address 2542 Highlander Wy.
Carrollton, TX 75006
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2012 (2023-2012 years)
# of employees at HQ 42
Where seeking

This company is offering new franchisees worldwide.

This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming

# of Units 243 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a My Salon Suite 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 Information Circle
$50,000
Initial Investment Information Circle
$686,171 - $1,809,913
Net Worth Requirement Information Circle
$1,500,000
Cash Requirement Information Circle
$500,000
Veteran Incentives Information Circle
50% off franchise fee
Royalty Fee Information Circle
5.5%
Ad Royalty Fee Information Circle
$200+/mo.
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing My Salon Suite has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

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 12 hours
Classroom Training 18 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
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? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
Take our quick quiz to find your ideal franchise

Interested in ownership opportunities like My Salon Suite? Request a free consultation with a Franchise Advisor now.

Franchise 500 Ranking History

Compare where My Salon Suite landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where My Salon Suite ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to My Salon Suite.

N-Hance Wood Refinishing

description
Wood cabinet and floor refinishing

Right at Home

description
Home care, medical staffing

Phenix Salon Suites

description
Salon suites

Sport Clips

description
Men's sports-themed hair salons

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Business News

What Makes Scenthound a Top New & Emerging Franchise

Focusing on out what dogs and their owners actually need helped Scenthound CEO Tim Vogelcreate a successful franchise system.

Franchise

How to Harness the Power and Money of a Crowd Through Crowdfunding

You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. All you have to do is find the right crowd.

Business News

Woman Ties the Knot at White Castle Almost 30 Years After the Chain Gave Her Free Food as a Homeless Teen

Jamie West was just 12 years old when she ran away from the foster care system.

Franchise

Franchise Ownership Made Easy: Best Practices for Managing and Growing Your Business

Using these tips, you can maximize the benefits of franchise ownership and take your business to the next level.

Business News

Florida Burger King to Pay $8 Million to Customer Who Slipped and Fell in Restaurant Bathroom

The case marks one of the largest slip-and-fall verdicts in Florida's history.

Franchise

6 Things to Consider When Getting Out of a Franchise Agreement

Want to get out of your franchise agreement? Here are six things to consider

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022