Phenix Salon Suites

Phenix Salon Suites

Salon suites
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2022 Franchise 500 Rank
#75 Ranked #64 last year
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Initial investment
$632K - $1.2M
Units as of 2022
341 36.4% over 3 years

Here’s what you need to know if you’re interested in opening a Phenix Salon Suites franchise.

Phenix Salon Suites has been a front-runner in the salon suite rental business since its founding in 2007. Its founder, Gina Rivera, is part of a family that has been in the salon industry for 75 years. Rivera carried on the family tradition by getting a hairdressing license before opening Phenix Salon Suites, a property dedicated to beauty professionals. Many beauty professionals prefer the flexibility of renting a managed booth over buying and maintaining their own property.

Franchising since 2010, Phenix Salon Suites has been named by Entrepreneur as one of the Fastest Growing Franchises multiple times in recent years. It actively seeks new franchise units across North, Central, and South America, Europe, and the Middle East.

Why You May Want to Start a Phenix Salon Suites Franchise

As a franchisee, you'll essentially be in the real estate business, renting out suites to hairstylists, nail technicians, and other professionals in the field. Existing Phenix Salon Suites franchisees are typically happy to report low turnover and high occupancy rates since starting.

Simple buildout is another key advantage of the franchise, which only requires about 3,500 to 7,500 square feet, accommodating up to 47 suites. The company will even help you find a property that’s best for your market.

You can run your business efficiently while continuing other activities since this is more of a property management concept. You can operate as an absentee owner, furthering your ability to work flexible hours. As with most existing franchisees, you will likely need only one employee to handle your office front and maintain a product inventory.

What Might Make a Phenix Salon Suites Franchise a Good Choice?

As someone considering buying a Phenix Salon Suites franchise, you're probably most interested in the worth of your potential franchise. The company is a regular recipient of industry recognition, consistently ranking in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

There's an initial investment made up of a franchise fee and other startup costs necessary to open a franchise. You will also need to have a minimum net worth and liquid capital. You should also be prepared for ongoing fees, including advertising and royalty fees. 

How To Open a Phenix Salon Suites Franchise

After filling out the franchising opportunity form, the franchise team may discuss the opportunity with you if you seem to be a good fit. They'll also ask you to fill out a questionnaire and personal financial statement.

Once both sides feel comfortable, you will receive the company’s Franchise Disclosure Document. You'll get the chance to speak to some existing franchisees and may be invited to discovery day at company headquarters in Encinitas, California. Here, you may meet the founders. You can also ask any last-minute questions you might have on your mind.

Once the executive team approves your application, you can sign your franchise agreement, pay the initial fees, and start working with the site selection team. As for whatever else you may need, the company will help until you're ready to open your Phenix Salon Suites franchise. It's time to give talented beauty professionals a home!

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Company Overview

About Phenix Salon Suites

Franchising Overview

Franchising Since
2010 (12 years)
# of employees at HQ
17
Where seeking

This company is seeking new franchisees worldwide.

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, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming

# of Units
341 (as of 2022)

Franchisor Information

Corporate Address
1084 N. El Camino Real, #B427
Encinitas, CA 92024

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Phenix 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
$52,500
Initial Investment
$632,346 - $1,165,275
Net Worth Requirement
$1,000,000
Cash Requirement
$300,000
Veteran Incentives
$17,500 off franchise fee
Royalty Fee
$0.33/sq. ft./mo.
Ad Royalty Fee
$0.06/sq. ft./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
Phenix Salon Suites has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

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
8-10 hours
Classroom Training
19 hours
Additional Training
As needed
Ongoing Support
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?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
No
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Interested in franchise ownership like Phenix Salon Suites? Request a free consultation with a Franchise Advisor now.

Franchise 500 Ranking History

Compare where Phenix Salon Suites 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