Phenix Salon Suites Inks Three-Unit Agreement in Dallas-Fort Worth
Leading Salon Suite Brand Expands Texas Footprint with Multi-Unit Deal in the DFW Area
November 12, 2024 // Franchising.com // DALLAS – Phenix Salon Suites, the nation’s #1 salon suite franchise turned international trailblazer, announced its latest signed agreement for three new locations in the Dallas-Fort Worth area. These locations will be owned by Kedar Nigudkar, with the first expected to open by mid-2025.
With these new locations, Phenix Salon Suites will expand its footprint in the Dallas-Fort Worth area, where 17 locations are already open. Mr. Nigudkar, a seasoned financial services executive and real estate investor, is excited to join an organization known for its dedicated support to its franchisees and robust real estate model.
“Phenix Salon Suites stands out because its founders have extensive experience and a deep understanding of the salon industry, along with a strong commitment to franchisee success,” said Kedar Nigudkar. “Along with the semi-absentee model, the brand has seen some explosive growth throughout the year, making this opportunity a no-brainer. With the support of the Phenix team, I’ll be able to identify and develop properties that empower salon professionals to grow their businesses, which, combined with the brand’s proven business model, makes Phenix an excellent opportunity for long-term growth and success. I’m eager to work alongside this incredible team and make a lasting impact with these new locations.”
Phenix Salon Suites is pushing forward on a growth trajectory, both domestically and abroad. Internationally, the brand has 83 other licenses sold throughout the UK, Republic of Ireland and Sweden. Solidifying its stellar reputation with recognition from Entrepreneur magazine’s 45th annual Franchise 500 list, Phenix Salon Suites was ranked for the 11thconsecutive year among the top 100 national brands.
“Phenix Salon Suites has been steadily growing into new areas where our presence can be impactful. There is still tremendous potential for our concept across the South, especially in Texas,” said Brian Kelley, President and CEO of Phenix Salon Suites. “Franchisees like Kedar have been key to our expansion, and we’re thrilled to welcome new operators who can help grow our brand even further. We look forward to these new locations opening soon across the DFW market, creating an environment for local Lifestyle Professionals to pursue their dream of owning their own business.”
As the first US-based salon suite brand to open in Europe, Phenix continues to be a leading force within the competitive salon suite category. Currently, the brand just surpassed a large milestone, with the 400th facility opening in this month on pace to reach 500 locations in the next few years.
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 leading salon suite franchise is a salon suite rental concept that offers an opportunity for Lifestyle Professionals to operate their own business in a private salon suite within a larger, well-located salon. Phenix Salon Suites is not in the business of selling 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 400 locations across 33 states with continued plans to expand internationally. Recognized 11 years in a row on Entrepreneur’s Franchise Top 500 list, Phenix Salon Suites is acknowledged as an industry pioneer 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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