MY SALON Suite Pursues Continued Franchise Growth as the Brand Reaches Milestone Development Goals
MY SALON Suite, a salon suite franchise created for entrepreneurial-spirited individuals interested in diversifying their portfolio while living a semi-absentee lifestyle, is targeting franchise development in markets across the United States as the brand approaches 250 open locations.
MY SALON Suite’s continued expansion comes amid a wave of successes for the brand, including setting a new record with its annual fundraiser, Suite Relief Fund, to raise over $123,000 in one month for St. Jude Children’s Hospital.
In June 2021, Suite Management Franchising, LLC, the parent company of MY SALON Suite and Salon Plaza, was acquired by Propelled Brands. Propelled Brands is using its unparalleled resources, support, and training to accelerate growth and expand Suite Management Franchising’s footprint across the country.
“MY SALON Suite’s tremendous growth and recent successes are a testament to the strength of the brand,” said Mark Jameson, Chief Development Officer at Propelled Brands. “The established franchise network and unique semi-passive ownership experience creates opportunities for further expansion, and I look forward to seeing what other milestones the brand will reach in the year ahead.”
MY SALON Suite utilizes a semi-absentee model that is ideal for multi-unit and multi-brand franchise partners looking to diversify their portfolio. Most owners only need to dedicate five to 10 hours a week, offering franchise owners the perfect opportunity to expand and diversify while focusing their attention on other areas.
“MY SALON Suite is a good, stable organization that allows me to gain income while keeping my day job,” said Ed Mossuto, co-owner of a MY SALON Suite franchise in California. “The franchise has good, honest, hardworking people that can help walk franchisees through the process of opening a franchise. I knew nothing about beauty or construction when I joined the franchise, so if I did not have a partner like MY SALON Suite to tell me how it worked, I don’t know if I would be successful.”
The initial investment for a MY SALON Suite franchise is approximately $664,738 – $1,479,827, including a $50,000 franchise fee. Ideal candidates have a net worth of $1.5 million, of which $500K is liquid. Additionally, MY SALON Suite offers a special incentive for veterans and first responders, including paramedics, emergency medical technicians, police officers, sheriffs, and firefighters, which includes a 50% reduction on the franchise fee – a savings of $25,000.
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