Phenix Salon Suites Signs 15-Unit Deal with Successful Multi-Business Owner
Serial Entrepreneur Doug Cox Leads Brand’s Southern Expansion in Tennessee and Kentucky
November 09, 2020 // Franchising.com // NASHVILLE, Tenn. - Phenix Salon Suites, the leading boutique salon suite franchise, announced a 15-unit development deal with multi-business owner Doug Cox.
Operating under the business entity Providence Salon Group, Cox is expanding the brand’s presence across Tennessee and Kentucky, with specific growth plans for the Nashville, Knoxville and Lexington regions. The group’s first coworking complex for salon and wellness professionals is expected to open in Hendersonville by early 2021.
“Having grown many businesses over the years, Phenix Salon Suites stuck out as an extremely attractive concept to invest in,” said Doug Cox, who is leading Providence Salon Group alongside president and COO Spencer Harp. “As talented, independent beauty professionals seek alternative salon settings, individual suite concepts are primed for long-term success. The design is optimal as it allows me to build relationships with my tenants and give them a safe, intimate and socially-distanced space to work. I’m thrilled to lead the brand’s southern growth with support from a robust, innovative corporate team.”
Cox, a Nashville resident for more than 25 years, has successfully developed and currently operates five businesses across four states. His portfolio ranges from ventures such as nursing homes, assisted living facilities and consulting firms. As he diversifies with Phenix Salon Suites, he looks forward to creating opportunities for aspiring entrepreneurs, while creating a real estate legacy for his family and employees.
“We’re excited to have a seasoned businessman like Doug on board with Phenix Salon Suites as we expand our reach into Tennessee and Kentucky,” said Brian Kelley, president of Phenix Salon Suites. “The suite-based model has proven to be beneficial as it offers lifestyle professionals the safety and security of their own individual space allowing them to continue servicing their clients on a one-on-one basis. Phenix Salon Suites is a sustainable investment for those looking to expand their portfolio with a business model designed specifically to meet today’s challenges surrounding social distancing in the multi-billion-dollar health, wellness and beauty industry. I’m confident that Doug’s strong ownership background will pair well with our model and that he will play an essential role in establishing a strong local brand presence.”
Phenix Salon Suites was one of the first boutique salon suite concepts to offer luxury, spacious suites for independent salon and lifestyle professionals to rent on a month-to-month basis and become their own boss. The suites are equipped with upscale amenities including a styling chair, shampoo chair, two cabinets, a hair dryer and a shampoo bowl that hooks onto the sink. The salon essentials are designed to suffice professional’s basic needs while providing them the opportunity to customize their suites.
The brand has its sights set on expanding both nationally and internationally with experienced multi-unit franchise operators in Houston, Chicago, Columbus, Detroit, Boston, Upstate New York and New York City. Phenix Salon Suites also has room to grow in Washington, Oregon, Louisiana, Mississippi, Alabama, and Northern California.
While no salon experience is necessary, the most successful franchisees have working knowledge of commercial real estate, general business experience and are well-capitalized with the ability to invest $300,000 or more. Financing is available through our lending partners.
About Phenix Salon Suites
The California-based salon suite franchise is a coworking concept that offers an opportunity for salon and lifestyle professionals to have their own salon suite within a larger, well-located salon. Founded in 2007 by Gina Rivera, whose family has been in the salon industry since 1929 and as a stylist herself, she had a desire to support the goals of lifestyle professionals across the country. Phenix Salon Suites began franchising in 2012 and today has 285 salons in 33 states.
SOURCE Phenix Salon Suites
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