Sola Salons Announces Acquisition Of Twenty New Corporate Owned Locations
Sola’s Home Office Becomes Largest Franchisee in the System with 59 Corporate Owned Locations and One in Development
March 16, 2022 // Franchising.com // DENVER, Colo. - Sola Salons announced today that it has successfully purchased 10 Sola locations in Virginia and 10 Sola locations in Baltimore, Maryland and Greater Washington D.C. Metro area from former Sola franchise owners. The units will now be integrated into the Sola home office’s portfolio of 59 total corporate owned locations, with one in development, which includes Denver Metro, Orange County, Sacramento, Virginia and Maryland.
The 10 Virginia locations were formerly developed and operated by a longtime franchise group led by Jim Debolt, Jeff DeBolt and Long Ngo. This group of early franchise owners dedicated the past 10 years to growing Sola’s presence across the Virginia market. The 10 units across Baltimore, Maryland and Greater Washington D.C. Metro area were purchased from owners and operators, Jim and Roxy McEvoy, who have been Sola brand leaders since they first entered the system eight years ago. The 20 new locations acquired by corporate will be managed by the corporate unit operational team under Jeremy Tebo, vice president of corporate operations at Sola Salons.
“This large transaction shows the strength and demand for our business at the unit level,” said Christina Russell, CEO of Sola Salons. “We have built a scalable team structure to prepare for this growth and couldn’t be more excited to be counted among the largest franchisees in the Sola system. We look forward to sharing the knowledge we gain from this experience.”
Sola continues to show growth across North America in new salon openings, signed franchise agreements, and corporate acquisitions.
“Through this acquisition, we have firmly established our East Coast corporate operations presence,” said Jordan Levine, COO of Sola Salons. “We now have 59 open locations.”
SOURCE Sola Salons
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