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All franchises have fees. What they provide is the key differentiator. Here is the true value of the initial and ongoing fees associated with the ownership of a salon suites franchise.
The transition to franchise ownership can feel daunting, especially when you’re looking at a substantial investment and ongoing fees. As you analyze the Franchise Disclosure Document, you’ll notice Items 5, 6 and 7, outlining the investment and other costs associated with opening and operating the franchise. But what do the costs and fees represent?
For Sola Salons, the national salon suites franchise, the costs fall into three main categories:
“It’s important to view these costs as strategic investments rather than just expenses,” said John Pantera, vice president of franchise development at Radiance Holdings, Sola Salons’ parent company. “Ultimately, you should get much more value from your fees than what you’re paying.”
Shifting the perspective from viewing fees as a burden to something that will fuel your business growth can change how you approach franchise ownership.
Even with robust support from the franchisor, business ownership is never “set it and forget it.”
“The leadership team understands this,” Pantera said. “We don’t say, ‘Hey, you went to four days of Franchise University. You’ll never need us again.’ Once you start operating, there are 1,000 different questions you may have. And since we’ve done this before, we’ll be there to support you through them.”
The ongoing fees support the technologies and teams available to franchisees throughout the lifetime of their franchise agreement. For Sola Salons, this support is based on knowledge gained throughout years of opening and supporting the growth of hundreds of locations across the country.
Throughout the life of the franchise agreement, franchisees receive support in several critical areas:
Royalty payments fund dedicated business coaches and operational support teams who understand the unique dynamics of the salon suite model and can provide ongoing guidance.
“Franchisees gain access to all of the playbooks and guides that we’ve created,” Pantera said. “These are based on real experiences of people on the team, and they’re always available for owners to reference as they work to launch and scale.”
Technology fees ensure Sola franchisees have access to cutting-edge booking systems, management software and other digital tools to boost efficiency in running the business.
“Your tech fee supports any technology enhancements we have that will make running your business easier,” Pantera said. “Our team works carefully to select tools that align well with our specific business model, and we’re always innovating with a goal of empowering and elevating the people in our business — not replacing them.”
Staying visible is key to success as a local business owner. Marketing fees support national efforts to lift up the brand and drive beauty professionals to each franchisee’s door. These funds also power additional efforts that keep Sola Salons top-of-mind among consumers, driving traffic for beauty pros and franchisees alike.
One of Sola’s key differentiators is its commitment to transparency throughout the entire process.
“We don’t have to get creative or dance around questions regarding our business structure or finances,” Pantera said. “We’re straightforward about the fees and costs associated with opening a Sola Salons franchise. The types of costs franchisees incur are not much different from what is expected with any brand — the difference lies in how effectively the fees are utilized to support their long-term success.”
Sola Salons is a franchise built for profitability. Franchisees are empowered with the support and information they need to make informed decisions and enter into a partnership that will support them throughout the life of the franchise agreement. And by investing in their business with franchise-related fees, owners enjoy a reduced learning curve, ongoing operational guidance, powerful technology tools and access to a strong network of experienced operators who support peer-to-peer learning.
“What’s beautiful is we have nothing to hide,” Pantera said. “The costs and fees, and what you get for them, are all outlined in the FDD. And there are dozens and dozens of owners with varied backgrounds who validate that. Sola Salons is just a good model.”
To find out more information on costs to buy this franchise, please visit https://1851franchise.com/sola-salons.
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