Phenix Salon Suites Franchise

Hair Salon Suites

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Phenix Salon Suites is the fastest growing "Salon Suite' concept in the US, and the only Salon Suite / Studio concept to make the top 500 Ranking by Entrepreneur Magazine. The company began expanding in 2012 and opened 26 new locations in 2012. The company has 75 new locations that will open during 2013 and over 300 locations are currently scheduled to be opened in the next couple of years. The rapid growth of Phenix Salon Suites has been through the "Salon Community". The Phenix Salon Suites difference is in truly understanding the Salon Professional and what they go through on a daily basis. After all, the founder of Phenix Salon Suites (Gina Rivera) still works in a suite several days a week as a Hair Dresser. A deep love and passion for the "Salon Industry" and truly caring for every Salon Professional that is part of the Phenix Salon Suites family is what we are about. Phenix Salon Suites was founded by a family of Salon Professionals with over 75 years of experience in the Salon Industry. Salon Professionals used to only have two choices to provide their services to customers. One was to work on a commission basis and take home about 40% of their earnings or to work under a booth rent situation and still answer to a Salon Owner. Phenix Salon Suites pioneered a new vision in Colorado Springs, CO in 2007 and that was to give Salon Professionals the opportunity to run their own Salon Business at a fraction of the cost it takes to open a full fledged salon and for about the same amount that Salon Professionals pay for "Booth Rent". The concept was an immediate success and the founders began to expand their locations.You NOW have the opportunity to capitalize on this exciting concept and gain financial freedom. The Right Concept The Salon industry is a recession resistant $60 Billion Dollar industry. A Phenix Salon Suites Franchise gives you the unique opportunity to capitalize on this industry with absolutely no salon experience needed. The Right Opportunity You can now take control of your future and grow your own business. Spend more time with your family and enjoy financial freedom. Work smarter and not harder - most locations can be run by absentee owners. A Phenix Salon Suites Franchise *Salon Suites are the future in the Salon Industry *Over 900,000 licensed salon professionals in the U.S. alone *Absentee owner opportunity - most locations run themselves *Much lower investment than many franchise opportunities *Recession resistant industry *Rewarding business opportunity *Protected territories *Low "Flat Rate" royalty *You can keep your current job - IF YOU WANTSeeking new franchise units in the U.S., Canada,and Western Europe Veteran Incentives 20% off franchise fee#138 in Franchise 500 for 2020.#64 in Franchise 500 for 2021.

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$129.55 USD
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$129.55
$129.55


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Please Note: The operators of Phenix Salon Suites, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Phenix Salon Suites website.

How much does it cost to open a Phenix Salon Suites Franchise ?

The investment required to open a Phenix Salon Suites Franchise is between $308,130 - $1,387,420 . There is an initial franchise fee of $49,500 which grants you the license to run a business under the Phenix Salon Suites name.

Individual Franchise Costs

  • Initial Investment:
    $308,130 -
  • Initial Franchise Fee:
    $49,500
  • Royalty Fee:
    $0.30/sq. ft.
  • Advertising Fee:
    $0.06/sq. ft.
  • Term of Agreement:
    7 years

Expense In-House Third Party
Franchise Fee N/A Yes
Startup Costs N/A Yes
Equipment N/A Yes
Inventory N/A Yes
Accounts Receivable N/A Yes
Payroll N/A Yes

Training
On-The-Job Training: 12 hours Classroom Training: 19 hours

Support
*Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support

Marketing
Ad Templates National Media Regional Advertising Social media Website development

Phenix Salon Suites Growth History

When did the first Phenix Salon Suites open? 2007
When did Phenix Salon Suites start Franchising ? 2010

Absentee ownership is allowed

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming



How much does a Phenix Salon Suites Franchise owner make?

How much money you could make as a Phenix Salon Suites Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Phenix Salon Suites Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$49,500 - $1,387,420
Initial Franchise Fee
$49,500
Royalty Fee
$0.30/sq. ft.
Advertising Fee
$0.06/sq. ft.
Term of Agreement
7 years
Phenix Salon Suites Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Phenix Salon Suites and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Phenix Salon Suites franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.