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LAST UPDATED: 3/2023FRANCHISE WEBSITE:&nbsp;<a href="https://www.solafranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">solafranchising.com</a>&nbsp;NUMBER OF LOCATIONS: 600+REPORTED COST TO GET IN: $808,000–$2,100,000REPORTED ROI (Item 19): $107,815–$980,328Founders Stratton Smith and Matt Briger wanted to create a space where beauty professionals could have a life and career they loved. Shortly after opening the first salon in 2004, the founders started franchising in 2005.&nbsp;“I was inspired by their vision of Sola,” said Kim Bennett, Denver-based stylist and the first Sola Salon franchisee. “They didn't want to sell me anything or compete with my business. Everything was all my choice! So I signed up right then.”Sola Salon franchisees will receive unparalleled support from the beginning. The company believes that you are in business for yourself but not by yourself. Sola support provides assistance with site selection, preferred contractors and more.&nbsp;<h3>How Many Locations Are There?</h3>Sola Salon has 600-plus locations in the United States, Canada and Brazil. With those 600-plus locations, there are over 18,000 independent salon professionals working for them. There are currently 50 locations in development. You can&nbsp;<a href="https://www.solafranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">fill out a form</a> to learn more about franchising with Sola and its available territories.&nbsp;<h3>What Is The Sola Salon Business Model?</h3>Sola Salon is a turnkey salon rental service. Once a location is built, beauty professionals will be able to move into the space and run their business out of their studio. According to Sola’s 2020 franchise brochure, Sola Salons are typically 4,500–6,000 square feet with 25–35 fully equipped upscale studios able to fit inside.&nbsp;Franchisees can be single-unit owners or multi-unit owners. You can purchase the rights to develop three, six or 12 locations.&nbsp;<h3>How Much Can Sola Salon Franchise Owners Make?</h3>Sola franchisees can earn a range from $107,815–$980,328, according to item 19 of the 2022 Franchise Disclosure Document (FDD). The amount owners can make has steadily increased since 2019.<ul><li>2019: $27,449–$949,323</li><li>2020: $53,450–$643,798.50</li><li>2021: $107,815–$980,328&nbsp;</li></ul><h3>How Much Does It Cost to Open a Sola Salon?</h3>The initial investment for a Sola Salon is $808,143–$2,134,517. Previous franchise ownership is a plus but not required. There is no beauty industry experience needed.&nbsp;<ul><li>Initial Franchise Fee: $55,000</li><li>Initial Investment: $808,143–$2,134,517</li><li>Net Worth Requirement: $1,500,000</li><li>Cash Requirement: $500,000&nbsp;</li><li>Royalty Fee: 5.5%</li><li>Ad Royalty Fee: 2%</li><li>Term of Agreement: 10 years</li><li>Is the franchise term renewable?: Yes</li></ul><h3>What Is the Franchise Fee for Sola Salon?</h3>The franchise fee is generally 55,000, according to the 2022 Franchise Disclosure Document (FDD). The fee can increase if franchisees are looking to develop multi-unit locations. A breakdown of the fee per location is below:&nbsp;<ul><li>2 locations: $75,000</li><li>3 locations:&nbsp; $100,000</li><li>6 locations: $175,000</li><li>12 locations: $275,000</li></ul><h3>Who Are the Leaders of Sola Salon?</h3><ul><li><a href="https://www.linkedin.com/in/matthew-briger-3a7b8714/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Co-Founder and Chairman: Matt Briger</a></li><li><a href="https://www.linkedin.com/in/stratton-smith-41030610/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Co-Founder: Stratton Smith</a></li><li><a href="https://www.linkedin.com/in/christinakayrussell/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">CEO: Kay Russell</a></li><li><a href="https://www.linkedin.com/in/rachel-vaughn/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Vice President of Marketing: Rachel Vaughn</a></li><li><a href="https://www.linkedin.com/in/benjonessola/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Chief Development Officer: Ben Jones</a></li><li><a href="https://www.linkedin.com/in/lori-merrall-cfe/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Director of Franchise Development: Lori Merrall</a></li></ul><h3>What Helpful Articles Can I Read to Learn More About Sola Salon?</h3><ul><li><a href="https://www.entrepreneur.com/franchises/directory/sola-salons/334756?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Own a Sola Salon 2023 | Entrepreneur</a></li><li><a href="https://www.dropbox.com/s/xx1vuhqmvvqjcq6/Sola_Franchise_Brochure_2020_AR.pdf?dl=0&amp%3Butm_source=solablog&amp%3Butm_medium=More+Than+a+Salon+Franchise+blog&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Sola Salon 2020 Franchise Guide Brochure</a></li><li><a href="https://chainstoreage.com/salon-concept-innovative-business-model-continues-nationwide-expansion?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Salon concept with innovative business model continues nationwide expansion</a></li><li><a href="https://www.modernsalon.com/1080588/sola-salons-acquires-20-new-corporate-owned-locations?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2721632" target="_blank" rel="nofollow">Sola Salons Acquires 20 New Corporate-Owned Locations</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: Sola Salon's Franchise Costs, Fees, Profit and Data

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Franchise Deep Dive: Sola Salon's Franchise Costs, Fees, Profit and Data

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