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Brent Foster
Lexington, SC
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Phenix Salon Suites
Initial Investment
$3,000,000 – $13,000,000
Liquid Capital Required
$3,000,000
Franchise Fee
$49,500
Royalty
$.30 per SQ FT
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About Phenix Salon Suites
Phenix Salon Suites is the fastest growing ‘Salon Suite’ concept in the US. Phenix is the only salon suites franchise that has been ranked by Entrepreneur Magazine’s Franchise 500 each of the last 5 years. 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. The other option was to rent a booth from a salon owner, but still have to live by the owner’s rules and work on the owner’s hours. Phenix Salon Suites pioneered a new vision to give "Salon Ownership" to salon professionals by having them rent an independent, full-fledged salon suite for about the same cost as "Booth Rent".
Why Salon Suites?- Semi Absentee Model – 8-12 hours per week, manage 1 part time employee.
- Recession Resistant Industry, No Seasonality - Hair never stops growing.
- Technology Resistant Industry.
- The ideal Franchisee is one that is a self motivator, willing to learn and does not want to work 40 hours per week.
Key Details
Initial Investment
$3,000,000 – $13,000,000
Liquid Capital Required
$3,000,000
Franchise Fee
$49,500
Royalty
$.30 per SQ FT
Total Units
275
Founded
2007
Began Franchising
2012
Status
Active
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