Phenix Salon Suites Fuels Growth in Chicago, Signing Another Five-Unit Development Deal
July 26, 2022 // Franchising.com // CHICAGO, Ill. – Phenix Salon Suites, the nation’s leading salon suite franchise turned international trailblazer, is continuing to expand in the Windy City. Recently announcing its latest multi-unit agreement with esteemed entrepreneur, John Kunka, this marks the brand’s second five-unit agreement in Chicago this year.
Kunka joins Phenix Salon Suites at a momentous time, following an impressive start to the year with 43 signed agreements. In fact, Kunka is one of 7 Phenix franchisees who have signed multi-unit agreements with the award-winning salon suite brand in 2022. Now, Kunka is seeking to develop his five locations in the Southwest or Western suburbs of Chicago. With over 25 years of investment management experience, Kunka has spent the past seven years as treasurer and Chief Financial Officer of an investment advisor in Chicago. He hopes to open his first location in early 2023.
“I have wanted to own my own business for a while now, and Phenix caught my eye as it’s the perfect brand for investors looking to get started on their entrepreneurial journey,” said Kunka. “After more than two decades in the investment management industry, I know a strong business model when I see one, and upon speaking with the Phenix corporate team and researching the potential returns, I was eager to join the Phenix family. Not only does Phenix allow me to fulfill my dream of business ownership, it allows lifestyle professionals working out of the locations to do the same. I’m looking forward to my journey with Phenix and to bringing these five locations to the Chicago area.”
Phenix Salon Suites is pushing forward on a positive growth trajectory, both domestically and globally. Most recently, the brand announced its plans for potential growth in Australia and New Zealand. Solidifying its stellar reputation as one of Entrepreneur’s Fastest Growing Franchises for the eighth year in a row, the brand is exceeding growth expectations already in 2022 with a goal to sign another 40 franchise agreements before the end of the year.
“Our growth in Chicago is just beginning and it is amazing to see another multi-unit agreement be signed in the city so early on in the year,” said Gina Rivera, founder of Phenix Salon Suites. “John is exactly the kind of franchisee we look for at Phenix, as he clearly understands the goal of ownership with Phenix—for lifestyle professionals to grow their businesses alongside our franchisees. I’m looking forward to John, and all of our multi-unit operators, experiencing the full potential of the Phenix model and the benefits of its scalability.”
Phenix Salon Suites was one of the first salon suite concepts to offer luxurious, 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 directly onto the sink. The salon essentials are designed to meet each professional’s basic needs while providing them the opportunity to customize their suites, set their own hours, and operate their businesses as sole proprietors.
In the United States, Phenix Salon Suites has its sights set on expanding in Houston, Chicago, Columbus, Detroit, Boston and Upstate New York. Phenix 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.
To learn more about Phenix Salon Suites and its franchise opportunities, visit www.phenixsalonsuitesfranchising.com.
About Phenix Salon Suites
The California-based salon suite franchise is a salon suite rental concept that offers an opportunity for salon and lifestyle professionals to operate their own business in a private salon suite within a larger, well-located salon. Phenix Salon Suites does not sell haircuts. The brand licenses individualized suites so professionals can service their clients in a safe and secure environment. Founded in 2007 by beauty expert and celebrity hairstylist Gina Rivera, who has family roots in the industry dating back to 1929, the Phenix suites concept has reinvented the salon industry. The company began franchising in 2012 and today has more than 330 salons across 33 states with continued plans to expand internationally. Recognized 8 years in a row on Entrepreneur’s Franchise Top 500 list, Phenix Salon Suites is acknowledged as an industry leader with franchise opportunities available in a number of key markets throughout the United States. For more information on franchising with Phenix Salon Suites please visit www.phenixsalonsuitesfranchising.com/.
SOURCE Phenix Salon Suites
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