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

LAST UPDATED: July 31, 2023
FRANCHISE WEBSITE: https://www.mysalonsuite.com/franchise/
NUMBER OF LOCATIONS: 250+
REPORTED COST TO GET IN: $823,344 to $2,241,800
REPORTED ROI (Item 19): N/A

My Salon Suite is a franchise that provides comfortable spaces for stylists to work with fully equipped, upscale salon suites, featuring a full-length style station, styling chair, shampoo sink and color station. The My Salon Suite brand was first founded in 2010 by the McAllister family when they opened their first location in Metairie, Louisiana. Over the next two years, the brand would expand into Florida where it opened its third franchise location in Sarasota.

My Salon Suite partnered with fellow salon brand Salon Plaza in 2015 to help expand its operations across North America, where it has become one of the top salon suite franchise businesses. In 2021, My Salon Suite joined Propelled Brands, which is the franchise network that operates brands such as FASTSIGNS and NerdsToGo.

How Many My Salon Suite Locations Are There?

As of July 2023, My Salon Suite has more than 250 locations open and under development. The brand is actively offering franchise opportunities in most states across the country, except Wyoming, Alaska and Hawaii.

What Is My Salon Suite’s Business Model?

My Salon Suite’s business model is focused on providing stylists and salon entrepreneurs with “best-in-class accommodations,” where they can set up their own workspace based on their own style. Unlike traditional salons, where a stylist is typically an employee or an independent contractor who works for the salon owner, My Salon Suite allows stylists to rent a private space within a salon complex where they can conduct their work. My Salon Suites are typically self-contained and fully equipped. Instead of paying a commission to use the space, stylists pay rent to the salon suite franchise owner.

This means the stylists who use My Salon Suite spaces can be independent business owners who are allowed to set their own prices, services and schedule, ultimately giving them more control over their business and branding.

As a result of the brand’s ownership-based business model, My Salon Suites says it has seen a “burst in popularity over traditional salons.”  

How Much Can My Salon Suite Franchise Owners Make?

My Salon Suite does not have a publicly available Item 19. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.

How Much Does It Cost To Open a My Salon Suite?

The total investment necessary to begin the operation of a My Salon Suite franchise ranges from $823,344 to $2,241,800. 

These figures are broken down into the following costs:

• Initial Franchise Fee: $50,000
• Travel and Living Expenses: $1,000 to $3,000
• Rent or Real Estate: $13,554 to $41,540
• Improvements/Conversions: $531,236 to $1,583,846
• Furniture and Fixtures: $193,417 to $388,151
• Signage: $4,700 to $19,641
• Miscellaneous Opening Costs: $1,000 to $3,000
• Operating Supplies: $1,000 to $5,000
• Advertising/Marketing (Three Months): $10,000
• Insurance (Annual): $1,400 to $4,000
• Additional Funds — Three Months: $0 to $40,000
• Design Standards Fee: $1,000 to $1,000
• Architectural Services Fee: $11,880 to $40,000
• Project Management Fee: $2,500
• Licensing and Permitting: $657 to $50,122

What Is the Franchise Fee for My Salon Suite?

The initial franchise fee required to open a My Salon Suite franchise is $50K. Interested parties must also have a minimum net worth of $1.5 million and at least $500K in liquid capital.

Who’s On My Salon Suite's Leadership Team?

• Stacey Eley — President
• James Stennett — Vice President of Construction
• Andrew Mondy — Vice President of Technology
•  Kelly Westbrook — Vice President of Supply Chain and Member Training
• Debbie Keller — Vice President of Corporate Locations
• Michaela McIver — Director of Franchise Operations
• Jill Sullivan — Director of Marketing

What Helpful Articles Can I Read to Learn More About My Salon Suite?

• MY SALON Suite Ranked Among Top Franchises in Entrepreneur’s Highly Competitive Franchise 500
• My SALON Suite to Open 10 New Locations in the Midwest
• MY SALON Suite Ranked as One of the Fastest-Growing Franchises by Entrepreneur Magazine for Third Consecutive Year
• MY SALON Suite

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