My Salon Suite Franchise
Founded in 2010 by renowned stylist Al Ferrigno, his niece Alanna McAllister and her husband Ken McAllister, MY SALON Suite is raising the bar in luxury for salon entrepreneurs and consumers across North America. Featuring a fully equipped, private styling center, state-of-the-art security system and more, the suites attract seasoned health and beauty professionals specializing in a range of services.
With more than 30 locations in 13 states across the United States and Canada, the New Orleans-based franchise concept looks to add 200 franchise partners and 300 salons in the next five years. Guiding the brand’s rapid expansion is a new strategic alliance partnership with Ratner Companies, the nation’s largest family-owned collection of salons, which has introduced a new in-house financing program for new and prospective franchisees.
To buy a franchise with My Salon Suite, you'll need to have at least $500,000 in liquid capital and a minimum net worth of $1,500,000. My Salon Suite charges a franchise fee of $50,000. They also offer a discount for veterans.
Franchisor Details
Total Units: 342
Year Founded: 2010
Franchising Since: 2012
Home Office: Carrollton, TX
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $500,000
Net Worth Required: $1,500,000
Total Investment: $984,999 – $1,577,236
Franchise Fee: $50,000 - $125,000
Royalty Type: 5.5%
Vetern Discount: Yes
*My Salon Suite is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, West Virginia, Wisconsin, Wyoming
Values & History
Ken and Alanna McAllister founded My Salon Suite when their youngest daughter entered high school. It was a way for Alanna to get back into the business and pay tribute to her family of hair professionals by revolutionizing the salon industry.
Not knowing too much about hair, Ken and Alanna knew they wanted to create a space that salon professionals could make their own and call it "MY SALON."
Their vision quickly grew from two stores in Louisiana to over 200 locations across the US and Canada. Today, over 5,000 Members have the freedom to be salon entrepreneurs in a thriving community.
Industry Performance
Market Demand & Advantage
The salon suites franchise market is booming. This is more than a popular trend — it's the wave of the future. Creative stylists and beauticians don't want to be inhibited by the four walls of a traditional salon — they want to design their own space and build their clientele.Clients want a stylist who understands and can work with their individual needs. They research stylists on social media and get advice from friends before finding the right fit.
As a MY SALON Suite owner, you provide the opportunity for both stylists and clients to get exactly what they want — and this concept is in demand!
MY SALON Suite has made a name for itself in major markets throughout North America. It is the only salon complex to offer fully-equipped, upscale suites featuring a full-length style station, styling chair, shampoo sink, and color station. We set stylists up for success, and they turn to MY SALON Suite to grow their business.
Training & Support
MY SALON Suite will train you in every aspect of what it takes to recruit qualified salon professionals and run a successful salon suite franchise. We like to say we help you find, we help you build it, we help you fill it and most importantly we help you keep it full!
As a new franchise owner, you will spend several days at MY SALON Suite Franchise University. There, you will learn how to lease the suites to ensure maximum adherence to the lease.
You will also learn how to speak with salon professionals and connect with Members to create a meaningful community at your salon. You will leave our training with the skills and confidence you need to protect your investment and thrive.
Ideal Candidate & Qualifications
You don't need to have prior experience in the salon industry to seek out salon suite franchise opportunities.
The most important characteristic of a MY SALON Suite franchise owner is passion. However, previous business experience is encouraged.
An ability to financially maintain your lifestyle for 9 to 12 months during the pre-opening and ramp-up stages.
Purchasing a My Salon Suite Franchise
Franchise Fee: $50,000 for single unit. Net Worth Required: $ 1,500,000. Total Investment: $984,999 - $1,577,236. Liquid Capital Required: $500,000.
My Salon Suite is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
My Salon Suite is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.