My Salon Suite/Salon Plaza

My Salon Suite/Salon Plaza

Salon suites
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2022 Franchise 500 Rank
#62 Ranked #61 last year
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Initial investment
$681K - $1.8M
Units as of 2021
207 117.9% over 3 years

Here’s what you need to know if you’re interested in opening a My Salon Suite/Salon Plaza franchise.

My Salon Suite is a personal care 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. The headquarters of My Salon Suite is in Metairie, Louisiana.

As a franchisee, you are offered the opportunity to bring together beauty professionals under one roof. 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 Salon Plaza in 2015, 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/Salon Plaza

Founded
2010
Parent Company
Suite Management Franchising
Leadership
Ken McAllister, CEO

Franchising Overview

Franchising Since
2012 (10 years)
# of employees at HQ
34
Where seeking

This company is seeking 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

This company is seeking new franchisees in the following international regions: Canada

# of Units
207 (as of 2021)

Franchisor Information

Corporate Address
3900 N. Causeway Blvd., #1200
Metairie, LA 70002

Information for Franchisees

Here’s what you need to know if you’re interested in opening a My Salon Suite/Salon Plaza 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
$50,000
Initial Investment
$680,771 - $1,794,913
Net Worth Requirement
$1,000,000
Cash Requirement
$200,000
Veteran Incentives
10% off franchise fee
Royalty Fee
5.5%
Ad Royalty Fee
$200+/mo.
Term of Agreement
10 years
Is franchise term renewable?
Yes
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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/Salon Plaza 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
Online Support
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?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No
Take our quick quiz to find your ideal franchise

Work with our free FranCoach and get what you need to start a My Salon Suite/Salon Plaza franchise.

Franchise 500 Ranking History

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

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021