Phenix Salon Suites Franchising LLC

Phenix Salon Suites Franchising LLC

Salon suites
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2021 Franchise 500 Rank
#64 Ranked #138 last year
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Initial investment
$308K - $1.4M
Units as of 2020
280 38.6% over 3 years

Company Overview

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.

About Phenix Salon Suites Franchising LLC

Franchising Overview

Franchising Since
2010 (11 years)
# of employees at HQ
17
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Australia/New Zealand, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America

# of Units
280 (as of 2020)

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 Franchising LLC 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
$49,500
Initial Investment
$308,130 - $1,387,420
Net Worth Requirement
$750,000
Cash Requirement
$250,000
Veteran Incentives
$19,500 off franchise fee
Royalty Fee
$0.30/sq. ft./mo.
Ad Royalty Fee
$0.06/sq. ft./mo.
Term of Agreement
10 years
Is franchise term renewable?
Yes

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 Franchising LLC 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
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
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
# of employees required to run
1
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Phenix Salon Suites Franchising LLC landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Phenix Salon Suites Franchising LLC ranked on other franchise lists? Find out below.

Ranked #64

Franchise 500 Ranking

Ranked #99

Fastest-Growing Franchises

Ranked #90

Fastest-Growing Franchises (U.S. & Canada)

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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