Sola Salons

Sola Salons

Salon studios
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2022 Franchise 500 Rank
#50 Ranked #26 last year
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Initial investment
$545K - $1.7M
Units as of 2021
576 41.9% over 3 years

Here’s what you need to know if you’re interested in opening a Sola Salons franchise.

The beauty industry has been in business for centuries. For Sola Salons, its entry has been strategic and purposeful to the extent that it has created value for both the customer and the franchisee. Sola Salons Studios leverages existing real estate spaces to provide space for beauty professionals to potentially actualize their dreams.

Sola Salons' underlying model is hinged on the principle of creating ready-to-move-in spaces for estheticians, nail technicians, massage therapists, and hairdressers. The value proposition is that franchisees have the chance to be relieved of the burden of the traditional salon ownership model. As a beauty professional, this means that you can have a ready-to-use salon space, which can reduce the stress and tension of setting up from scratch.

After its founding in 2004 and subsequent franchising in 2006, Sola Salons has over 500 locations across the U.S.

Why You May Want to Open a Sola Salons Franchise

Having understood the operational model, the question that comes to your mind is most likely, "How and why should I consider investing in such a model?" Well, for starters, Sola Salons has been ranked in Entrepreneur’s Franchise 500 multiple times in recent years. This ranking is 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.

Sola Salons has managed to achieve international expansion by expanding into Brazil and Canada with the ambition to expand even further in its long-term strategy. 

What Might Make a Sola Salons Franchise a Good Choice?

The Sola Salons model is unique because it engages the franchisee right from the beginning. Therefore, you are getting the perfect competitive location. You are tapping into a reliable network of beauty professionals who understand the business's crux. Beauty professional tenants also get to benefit from cutting-edge education and support from the franchisee.

Sola Salons' corporate team has experience and understanding of the industry. As a franchisee, this usually translates to training from well-educated members of the business and beauty industry. In the end, the value you get as a franchisee is from engaging with a brand model that has experience and understanding of its industry. 

Before making any financial commitment, you must perform your due diligence and establish if this is the right opportunity for you. To be part of the Sola Salon Studios team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees. 

How Do You Open a Sola Salons Franchise?

For you, as an interested party, the first step involves filling out an inquiry form. This will then most likely prompt a follow-up from the Sola Salon Studios team. They will have further information regarding the way forward to operating your franchise location. 

The Sola Salons support team will discuss your financial qualifications and other financing options available to you. If you qualify, you'll probably meet the Sola Salon Studios team and discuss the agreement terms. After that, you can set up your Sola Salons franchise business and start filling your location with beautiful beauty professionals. 

Find Your Perfect Franchise

Company Overview

About Sola Salons

Founded
2004
Parent Company
Radiance Holdings
Leadership
Christina Russell, CEO

Franchising Overview

Franchising Since
2005 (17 years)
# of employees at HQ
22
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
576 (as of 2021)

Franchisor Information

Corporate Address
300 Union Blvd., #600
Lakewood, CO 80228

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Sola Salons 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
$55,000
Initial Investment
$545,476 - $1,737,517
Net Worth Requirement
$1,500,000
Cash Requirement
$500,000
Royalty Fee
5.5%
Ad Royalty Fee
2%
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
Sola Salons 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.

Classroom Training
15 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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Franchise 500 Ranking History

Compare where Sola Salons 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