January 10, 2014 // Franchising.com // COLORADO SPRINGS, CO - The salon chain franchise Phenix Salon Suites has just been named by Entrepreneur Magazine as one of the Top 500 Franchises in the United States. The publication, known for establishing the bench mark for evaluating franchise success, compiled the list to highlight some of the most successful and fastest growing franchises in the country. Of the more than 900,000 franchise companies in the US, the magazine heavily evaluated and then selected 500 of the most influential, listing Phenix Salon as one of their top franchise organizations.
"We are honored to be named to this prestigious list," said CEO Jason Rivera. "We have worked very hard to climb in the industry so, in one respect, this is very exciting. In another, this is exactly what we expected and we anticipate continued success utilizing our model."
Presently, Phenix Salon is one of the fastest growing suite chain franchises in the country providing Salon Professionals with the opportunity to operate their own business at a fraction of what it would cost to open an entire salon. This year the company will also roll out a Phenix product line. The organization currently has more than 50 locations across the United States and has opened 40 of these locations in the last 18 months alone. The company, which currently has more than 1,800 Salon Professionals working in its' locations, is set to have over 100 stores opened by the end of 2014.
According to the company, no other suite concept franchise has ever made this list. The publication officially unveiled the 35th annual franchise ranking earlier this week. The company formally made the list at number 352. In prior years, Phenix was recognized by Entrepreneur Magazine on both the Brave New Franchise list and the Top New Franchise list as well as the Next 300 Largest Franchise Systems by Franchise Times. Those who are looking to see the entire listing of the Top 500 Franchises and learn more about Phenix Salon's ranking can find the listing in the magazine or on the publication's website at entrepreneurmagazine.com.
Founded by Gina and Jason Rivera, Phenix Salon Suites is a family business with more than 84 years of experience in the industry. Headquartered in Colorado Springs, CO, Phenix has more than 50 locations nationwide. With more than 100 locations scheduled set to open their doors prior to the end of 2014, Phenix Salon Suites is quickly becoming recognized as one of the fastest growing franchises and salon chains in America as well as a leader in the beauty industry. Visit Phenix Salon Suites at www.phenixsalonsuites.com.
SOURCE Phenix Salon Suites
Director of Public Relations & National Events
Phenix Salon Suites, LLC