MY SALON Suite® and Ratner Companies Announce Strategic Alliance
New Alternative Financing Program is Driving the Expansion of MY SALON Suite and Salon Plaza® throughout North America
August 12, 2015 // Franchising.com // NEW ORLEANS – The salon suite surge just received another major jolt…a new strategic partnership that marks a milestone moment in this rapidly expanding segment of the salon industry. This new partnership makes it possible to provide alterative financing options for qualified franchise candidates; allowing for an extensive expansion plan over the next 12 – 18 months.
MY SALON Suite, the nation’s leading upscale salon suite franchise, has joined forces with Ratner Companies, the nation’s largest family-owned collection of salons and the owners of Salon Plaza, to drive the expansion of MY SALON Suite and Salon Plaza throughout North America. MY SALON Suite has made a name for itself in major markets throughout North America for being the only salon suite franchise to offer fully equipped, upscale suites featuring state-of-the-art amenities and security systems.
“The growth we’re expecting in the second half of 2015 is tremendous,” said Ken McAllister, CEO and president of New Orleans-based Suite Management Franchising, the parent company of MY SALON Suite and now Salon Plaza. “From the moment we joined forces with Ratner Companies and Salon Plaza, we’ve had strong interest from franchise candidates throughout the United States and Canada. We look forward to meeting the increasing demand for salon suite opportunities among prospective franchise partners in every corner of the marketplace.”
Putting emphasis on select regions throughout the United States and Canada, Suite Management Franchising’s calculated growth strategy calls for adding more than 200 franchise partners, 300 salons and 7,500 members in the next five years. Full market expansion plans are in place for Orlando and Jacksonville, FL, Chicago, IL, Charlotte, NC and Nashville, TN.
The force created when joining MY SALON Suite’s proven franchise systems with Ratner’s extensive salon operations experience provides unmatched experience and knowledge for new and existing franchise partners.
“I knew MY SALON Suite was the right company to bring the Salon Plaza brand to the franchise market,” said Gary Ratner, President of Salon Plaza. “This agreement exemplifies their dedication to the company’s culture and values and their commitment to their franchise partner’s success.”
For more information about Suite Management Franchising, visit http://www.suitemanagementfranchising.com/. To learn more about MY SALON Suite and Salon Plaza, visit http://www.mysalonsuite.com/ and http://salonplaza.com/.
About Suite Management Franchising
Founded in 2012, Suite Management Franchising, LLC, is the established franchising subsidiary of MY SALON Suite and Salon Plaza. Suite Management Franchising looks to add 200 franchise partners and 300 salons within the next five years. Offering ongoing training and support, as well as an alternative financing program, Suite Management Franchising seeks to award franchise opportunities to individuals looking for a lifestyle business that is scalable, requires a minimum number of employees and offers owners the opportunity to keep their day job while building a business.
For more information about Suite Management Franchising and available franchise opportunities, please visit http://www.suitemanagementfranchising.com.
About the Ratner Companies
Ratner Companies/Salon Plaza is the largest family-owned and operated chain of hair salons in the country, operating nearly 1,000 salons in 16 states. Since 1936, Ratner Companies and predecessors have done over $15 billion in sales, employed more than 100,000 licensed stylists and are currently approaching 1,000 operating locations. Its diverse brands include Hair Cuttery, BUBBLES, Salon Cielo and Spa, ColorWorks and Salon Plaza. For more information, visit www.ratnerco.com.
SOURCE Suite Management Franchising
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