MY SALON Suite Franchise Fees

 

Do you want to know how much it costs to start your franchise? It’s important to understand salon suite franchise fees, how much you can expect to pay, and where this money goes. Learn how much it takes for you to get started on your salon suite franchise today.

As a MY SALON Suite franchisee owner, your initial investment will range based on the size of the location you build. We generally look for real estate in the 6,000-8,000 square feet but are flexible on these sizes based on the size of the market, availability of space, and operator experience. The numbers shown in the table below are a reflection of locations our franchise partners opened in 2023. The locations represented range in size between 4,753 to 8,720 square feet at a cost between $984,999 to $1,577,236. There are a number of considerations that will determine your salon suite franchise fees. These factors include the following:

  • Size and space of the building
  • Your market
  • The number of locations you wish to build
  • Your location size
  • Terms of the financing

Take a look at this breakdown of your estimated initial investment:

Type of Expenditure(1) Amount Method of Payment When Due To Whom Payment
is to be Paid
Low High
Initial Franchise Fee(1) $50,000 $50,000 Lump sum Upon signing of
Franchise Agreement		 Franchisor
Travel and Living Expenses $1,000 $3,000 As incurred As incurred Airlines, Hotels, Restaurants, etc.
Rent or Real Estate(2) $1,200 $45,200 As determined by lessor Prior to opening Lessor
Improvements/ Conversions(3) $611,020 $931,088 As incurred Prior to opening Vendors
Furniture and Fixtures $237,504 $376,655 As determined by vendors Prior to opening
or as arranged with vendors		 Vendors
Freight $6,537 $11,013 As determined by vendors Prior to opening Vendors
Signage $2,538 $14,275 As determined by vendors Prior to opening or as arranged with vendors Vendors
Miscellaneous Opening Costs(4) $5,000 $9,000 As incurred Prior to opening Vendors, Utilities, etc.
Operating Supplies(5) $10,000 $10,000 As incurred Prior to opening Approved Vendors
Advertising/ Marketing (3 Months) $10,000 $12,000 As incurred Prior to opening Mailings – Media
Insurance (Annual)(6) $1,400 $4,000 As determined
by insurance company		 Prior to opening
or as arranged by vendor		 Insurance Company/Agent
Additional Funds – 3 Months(7) $30,000 $50,000 As incurred As incurred Various Third Parties
Design Standards Fee(8) $1,500 $2,500 Lump sum Prior to opening, within 5 days of invoice Franchisor
Architectural Services Fee(9) $10,500 $39,505 As determined by vendors Prior to opening
or as arranged with vendors		 Architectural Firm, Design Firm, etc.
Project Management Fee(10) $5,000 $5,000 Lump sum Prior to opening, within 5 days of Invoice Franchisor
Licensing and Permitting $1,800 $14,000 As incurred As incurred Various Third Parties
TOTAL ESTIMATED INITIAL INVESTMENT(11) $984,999 $1,577,236      

  • Franchise Financing Made Easy

    Suite Management Franchising is growing with tremendous momentum, and we want passionate entrepreneurs to be a part of this growth. We grew from 12 to 275 locations in just ten years! Are you ready to own our next location?

    Don’t let initial salon suite franchise fees intimidate you. Suite Management Franchising offers several financing options to help you pay your initial salon suite franchise fees.

    • Conventional financing
    • 401(k) rollover
    • Cash payment
    • Refinance existing debt

  • Financing Made Easy with Our Partners

    MY SALON Suite partners with efficient funding and financing providers to better help our franchise partners. Loans are specifically designed to accelerate your growth, with a diverse lender network to provide a full host of conventional and equipment loan options.

Invest in MY SALON Suite

Find out if opening a MY SALON Suite franchise fits into your budget — and your future. Fill out our form for more information, and get started on owning your franchise now!

  • Request Franchise Info

    IDEAL CANDIDATES INCLUDE:
    • Minimum net worth of $1,500,000+
    • $500,000 liquid
    • Minimum 700 credit score
    • An ability to financially maintain your lifestyle for 9 to 12 months during pre-opening and ramp-up stages
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