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Phenix Salon Suites Franchise Opportunity

See States, USA & CAN
Minimum Investment

$300,000

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Established

2010

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Franchise Units

400

payments

Minimum Investment

$300,000

payments

Franchise Fee

$52,500

payments

Total Investment Range

$1,932,884

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Home Based

No

Description

Founded by a family of salon professionals with over 85 years of combined experience, Phenix Salon Suites is transforming the salon industry. Since franchising in 2012, Phenix has become the fastest-growing Salon Suite concept in the U.S. with over 400 locations and counting. The company’s unique approach stems from the family’s deep-rooted understanding of salon professionals’ needs, ensuring that each franchisee and stylist receives exceptional support. With a founder who still works as a stylist, Phenix offers a level of dedication and expertise that sets it apart in the industry.

Phenix Salon Suites is not just about providing a space to work; it’s about creating a thriving salon community where professionals can grow and succeed. Their business model is built around the success of salon professionals, offering them the independence and flexibility they crave. With the support of a trusted brand and a proven system, Phenix Salon Suites continues to be the top choice for those looking to enter the lucrative salon industry.


Background

Established: 2010
First Unit Franchised: 2012
Franchised Units: 400
Company Owned Units: 29
States Registered In: All (Unavailable territories: NC, DC)
Canada Franchises: Yes
International Franchises: Yes



Support Training

Financial Assistance Provided: Yes (through a third party)
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: No

Training: One week that includes 3.5 days with the executive team and 1.5 days at the franchise location.


Ideal Candidate

Remotely manage the on site manager, give suite tours to salon professionals when necessary, take care of accounting from home office. Visit location a few times a month to ensure cleanliness and address the needs of your tenants. 



Financial Detail

Cash Investment: $300,000+
Total Investment: $718,477 to $1,932,884

Minimum Net Worth: $1 million
Franchise Fee: $52,500
Royalty: $.33 per square foot
Ad:$.06 per square foot
Average Number of Employees: 1
Item 19: Yes
SBA Approved: No- but not brand specific, it is concept specific
Passive Ownership: We allow absentee ownership, not negligent ownership
Home Based: Semi
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount : Yes




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