Sola Salon Studios

Sola Salon Studios

Salon studios
Find out what franchise is right for you
2021 Franchise 500 Rank
#26 Ranked #76 last year
See the Full List
Initial investment
$545K - $1.7M
Units as of 2021
576 41.9% over 3 years

Company Overview

About Sola Salon Studios

Founded
2004
Parent Company
Radiance Holdings
Leadership
Christina Russell, CEO

Franchising Overview

Franchising Since
2005 (16 years)
# of employees at HQ
22
# 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 Salon Studios 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

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 Salon Studios 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

Franchise 500 Ranking History

Compare where Sola Salon Studios landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Sola Salon Studios ranked on other franchise lists? Find out below.

Ranked #26

Franchise 500 Ranking

Ranked #42

Fastest-Growing Franchises

Ranked #36

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