Sola Salons

LAST UPDATED:&nbsp;July 2024FRANCHISE 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-2726865" target="_blank" rel="nofollow">https://www.solafranchising.com/</a>&nbsp;NUMBER OF LOCATIONS: 728REPORTED COST TO GET IN:&nbsp;$924,021 - $1,957,824AVERAGE ANNUAL GROSS SALES:&nbsp;$435,678.54*FRANCHISE MEDIAN OCCUPANCY:&nbsp;90.6%<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-2726865" target="_blank" rel="nofollow">Sola Salons</a> is a pioneering salon suite rental franchise that provides move-in-ready, private salon suites within thoughtfully designed commercial spaces, allowing beauty professionals to operate their own businesses independently.“Sola Salons offers an incredible franchise opportunity because it allows beauty professionals to thrive independently while providing franchisees with a straightforward and scalable business model,” said&nbsp;<a href="https://www.linkedin.com/in/scott-thompson-618a91?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Scott Thompson</a>, chief development officer. “With our extensive support, proven track record and strong community, there’s never been a better time to join the Sola family.”<h3>How Many Sola Salons Locations Are There?&nbsp;</h3>Sola Salons was founded in 2004 by&nbsp;<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-2726865" target="_blank" rel="nofollow">Stratton Smith</a> and&nbsp;<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-2726865" target="_blank" rel="nofollow">Matt Briger</a> with the vision of creating a space where beauty professionals could thrive independently while enjoying a life and career they loved. By 2005, recognizing the success and potential of their unique model, the team began franchising, pioneering the first salon suite rental concept. This innovative approach provided turnkey solutions for beauty professionals to operate their own businesses without the traditional risks and hassles associated with salon ownership.Over the years, Sola Salons has experienced significant growth and expansion. In 2020, the creation of parent company&nbsp;<a href="https://www.weareradianceholdings.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Radiance Holdings</a>, which also acquired Woodhouse Spas, further strengthened Sola's position in the beauty industry.&nbsp;Today, Sola Salons boasts 728 locations, supporting a community of more than 20,000 independent beauty professionals. The brand's commitment to putting beauty professionals first and providing beautifully designed, move-in-ready salon spaces has solidified its place as a leader in the&nbsp;<a href="https://www.statista.com/outlook/cmo/beauty-personal-care/worldwide?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">$100 billion U.S. beauty industry</a>.<h3>What Is the Sola Salons Business Model?</h3>Sola Salons offers turnkey salon suite rentals, leasing private salon suites in commercial spaces to hairdressers, estheticians, nail technicians, massage therapists and other beauty professionals. Key features of the brand’s business model include:<ul><li>No On-Site Staff:&nbsp;Franchisees do not need to manage on-site staff, significantly reducing management complexity.</li><li>Low Maintenance:&nbsp;Operation requires minimal equipment maintenance and no inventory or receivables.</li><li>Flexible Space:&nbsp;Suites can be customized to suit the needs of individual beauty professionals.</li><li>Amenities Included:&nbsp;Suites feature high-end cabinetry, floor-to-ceiling walls with sliding glass doors, Wi-Fi and all utilities.</li><li>Scalable Model: Sola Salons is suitable for multi-unit ownership; over 75% of franchisees own multiple units.</li><li>Proven Track Record:&nbsp;Extensive support and a strong community ensure franchisee success.</li><li>National Marketing Fund: Marketing fees ensure a steady stream of leads, along with high recruitment and retention rates.</li></ul><h3>How Much Can Sola Salons Franchise Owners Make?</h3>In 2023, the average annual gross sales for franchised units was $435,678.54, according to the brand’s franchise disclosure document.<h3>How Much Does It Cost To Open a Sola Salons Franchise?</h3>The total estimated investment necessary to begin a Sola Salons franchise ranges from $924,021 to $1,957,824. Franchisees should also have a minimum net worth of $1.5 million and $500,000 in liquid assets.Below is a breakdown of the associated costs.<ul><li>Initial Franchise Fee: $55,000</li><li>Travel and Living Expenses: $2,500 - $4,000</li><li>Site Selection Assistance: $0 - $3,500</li><li>Rent Manager Property Management Software (6 Months):&nbsp;$744 - $1,044</li><li>Architectural Fees: $10,000 - $45,000</li><li>Rent or Real Estate: $30,800 - $121,000</li><li>Design Services: $3,500 - $5,000</li><li>Improvements/Conversions:&nbsp;$538,799 - $1,136,784</li><li>Furniture and Fixtures: $216,336 - $339,627</li><li>Low Voltage: $6,535 - $63,749</li><li>Signage: $10,000 - $20,000</li><li>Utilities: $1,357 - $21,587</li><li>Operating Supplies: $1,000 - $21,200</li><li>Advertising/Marketing: $10,900 - $20,000</li><li>Insurance (6 Months):&nbsp;$3,250 - $5,000</li><li>Computer Equipment and Software: $1,300 - $2,300</li><li>Repairs and Maintenance: $3,000 - $28,033</li><li>Labor:&nbsp;$9,000 - $15,000</li><li>Additional Funds (3 Months):&nbsp;$20,000 - $50,000</li></ul><h3>What Is the Franchise Fee for Sola Salons?</h3>The franchise fee is $55,000.<h3>Who’s on Sola Salons’ Leadership Team?</h3><ul><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-2726865" target="_blank" rel="nofollow">Ben Jones - Chief Executive Officer</a></li><li><a href="https://www.linkedin.com/in/jeffreygrayson/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Jeff Grayson - Chief Technology Officer</a></li><li><a href="https://www.linkedin.com/in/scott-thompson-618a91/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Scott Thompson - Chief Development Officer</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-2726865" target="_blank" rel="nofollow">Lori Merrall - Vice President of Franchise Sales</a></li><li><a href="https://www.linkedin.com/in/dan-ogiba-57ab435/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Dan Ogiba - Vice President of Real Estate</a></li><li><a href="https://www.linkedin.com/in/kenahern?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Ken Ahern - Director of Real Estate Market Research</a></li><li><a href="https://www.linkedin.com/in/elizabetheggert/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Liz Eggert - Director of Marketing</a></li></ul><h3>What Helpful Articles Can I Read to Learn More About Sola Salons?</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-2726865" target="_blank" rel="nofollow">Start a Sola Salons Franchise in 2024</a></li><li><a href="https://www.americanspa.com/spa-business/5-questions-ben-jones-new-ceo-sola-salons-woodhouse-spas?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">5 Questions: Ben Jones, New CEO at Sola Salons &amp; Woodhouse Spas</a></li><li><a href="https://www.americansalon.com/salon-news/sola-salon-studios-opens-700th-location?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Sola Salon Studios Opens 700th Location</a></li><li><a href="https://www.franchisetimes.com/franchise_mergers_and_acquisitions/global-private-equity-firm-buys-woodhouse-spa-sola-salon-parent/article_3cac5df6-821f-11ed-8aad-d3895182f7ef.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Global Private Equity Firm Buys Woodhouse Spa, Sola Salon Parent</a></li><li><a href="https://www.prnewswire.com/news-releases/sola-salons-reports-rapid-expansion-with-signing-of-nine-development-agreements-301873724.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-sola-salons-franchise-costs-fees-profit-and-data-2726865" target="_blank" rel="nofollow">Sola Salons Reports Rapid Expansion with Signing of Nine Development Agreements</a> &nbsp;</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. &nbsp;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.*The average annual gross sales in 2023 for franchised Sola Salons in the United States that were operating for all of 2023 and that submitted all sales reports was $435,678.54. Of the 572 Sola Salons that met the 2023 Reporting Criteria, 258 (41%) met or exceeded the Average Gross Sales for 2023. Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much. See Item 19 of the Sola Salons 2024 Franchise Disclosure Document for more information.

Franchise Deep Dive: Sola Salons

1851 Franchise

Sola Salons offers a unique franchise combining real estate appeal with supporting beauty professionals on their entrepreneurial journeys.

This brand page has been paid for by SOLA SALONS. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

Franchise Deep Dive: Sola Salons Franchise Costs, Fees, Profit and Data

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