My Salon Suite: Revolutionizing Salon Ownership and Empowering Beauty Professionals
My Salon Suite is a distinguished franchise in the beauty and salon sector, known for its innovative take on salon ownership. Established in 2010, the franchise is based in New Orleans, Louisiana, USA.
The standout feature of My Salon Suite is its unique business model, which allows salon professionals to independently own and manage their salon suites within a larger shared facility. This setup grants them the autonomy and control over their careers, complemented by the support of a network and luxurious amenities. My Salon Suite has established itself as a frontrunner in the salon industry by offering a comprehensive, turnkey solution for aspiring entrepreneurs in the beauty field.
Owners of salon suites within My Salon Suite have the freedom to customize their spaces, determine their pricing, and craft a personalized experience for their clients. This distinctive model cultivates a creative and professional atmosphere, enabling beauty experts to excel while delivering a top-tier, personalized salon experience to their clients.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
My Salon Suite offers 2 types of franchises:
| Franchise Option | Initial Investment |
| New My Salon Suite Location (“New Location”) | $984,999 to $1,577,236 |
| Conversion Location (“Conversion Franchise”) | $106,438 to $214,775 |
We are summarizing below the main costs associated with opening a New My Salon Suite Location franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
New My Salon Suite Location
| Type of Expenditure | Amount |
| Initial Franchise Fee | $50,000 |
| Travel and Living Expenses | $1,000 - $3,000 |
| Rent or Real Estate | $1,200 - $45,200 |
| Improvements/Conversions | $611,020 - $931,088 |
| Furniture and Fixtures | $237,504 - $376,655 |
| Freight | $6,537 - $11,013 |
| Signage | $2,538 - $14,275 |
| Miscellaneous Opening Costs | $5,000 - $9,000 |
| Operating Supplies | $10,000 |
| Advertising/Marketing (3 Months) | $10,000 - $12,000 |
| Insurance (Annual) | $1,400 - $4,000 |
| Additional Funds – 3 Months | $30,000 - $50,000 |
| Design Standards Fee | $1,500 - $2,500 |
| Architectural Services Fee | $10,500 - $39,505 |
| Project Management Fee | $5,000 |
| Licensing and Permitting | $1,800 - $14,000 |
| Total Estimated Initial Investment | $984,999 - $1,577,236 |
Training
The franchisor offers a thorough training program designed for franchisees and their staff. The main components of this training include:
Initial Training Program
- Mandatory Attendance: Franchisees and their Designated Manager must attend and complete the franchisor's Initial Training Program within 60 days of the agreement's effective date.
- Program Components: The program encompasses Online Training Completion, a visit to a Designated Mentor Location, and the FLAIR Foundation.
- Training Locations: Training is held at the franchisor's training facility, online, or at another specified location, potentially including webinars or internet-based sessions.
- Cost Responsibility: Franchisees are responsible for all expenses related to training, including travel, accommodation, meals, and salaries.
Additional Training
- Ongoing Education: The franchisor offers additional training programs and refresher courses, with attendance required as deemed necessary.
- Annual Requirements: Franchisees and their Designated Manager may need to attend up to two days of additional training each year.
- Expense Coverage: Franchisees must cover the costs associated with these additional training sessions.
Ongoing and On-Site Assistance
- Continuous Support: The franchisor provides ongoing consultation and advice regarding the management and operation of the franchise.
- On-Site Help: Additional on-site assistance is available upon request and may incur a fee.
Territory Protection
Franchisees are granted a Protected Territory by the franchisor, within which the franchisor ensures exclusive operational rights. Here are the key points:
- Exclusive Rights: Within the Protected Territory, the franchisor guarantees not to open, operate, or authorize any third party to operate a franchised business using the franchisor's Marks.
- Territory Size: The typical Protected Territory spans a radius of two miles from the franchisee's location, though this can vary based on specific location and demographic factors.
- Exclusivity Conditions: Maintaining territorial exclusivity is independent of sales volume or market penetration.
- Outside Territory Activities: Franchisees may seek customers or advertise beyond their Protected Territory, provided they obtain prior written approval from the franchisor.
- Franchisor Rights: The franchisor and its affiliates retain the right to establish and operate businesses outside the Protected Territory.
