Suite Management Franchising

Premier Salon Suite Franchise Receives Prestigious Recognition for Semi-Absentee Opportunity and Scalable Business Model

CARROLLTON, Texas — MY SALON Suite, a salon suite franchise focused on providing beauty, health and wellness professionals a personal space to build their business, has ranked #17 on Entrepreneur‘s second annual Top Brands for Multi-Unit Owners list. The recognition comes amid rapid franchise growth and major acquisitions by the brand, boosting the network to over 330 locations nationwide.

The ranking identifies the brands with the most appeal for prospective franchisees interested in multi-unit ownership, as well as existing franchisees looking to expand their portfolios. To determine the top brands for multi-unit ownership, Entrepreneur examined factors including available discounts to franchisees purchasing multiple units, the average number of units owned by each franchisee and the percentage of multi-unit franchisees in the brand’s network.

“Multi-unit franchising is a pathway to financial freedom, offering diversified revenue streams and reduced dependence on the performance of a single location,” said Mark Jameson, chief development officer of Propelled Brands. “Ranking amid the top 20 of such a prestigious ranking underscores the strength of the MY SALON Suite business model and the incredible growth potential of the brand. As we continue our nationwide expansion, we look forward to providing further opportunities for entrepreneurs to grow their portfolios and build their businesses.”

MY SALON Suite utilizes a semi-absentee model that is ideal for multi-unit and multi-brand franchise partners looking to diversify their portfolio without the need to oversee employees. Most owners only need to dedicate five to 10 hours a week, making the salon suite business model particularly appealing for entrepreneurs in high-demand industries, such as QSR, hospitality and storage. Approximately 80% of MY SALON Suite units are owned by multi-unit owners, and over 50% of franchisees own multiple units.

“I went into business to be able to build something that would positively impact the lives of others and build long-term financial stability for my family,” said Ray Harrigill, multi-unit and multi-brand franchisee with four open MY SALON Suite locations and six additional planned across Louisiana and Mississippi. “We were looking for a business that complemented and leveraged the skills of the team we had in place with our other businesses. We love to see our tenants and customers succeed, and we love to see our team thrive. We are excited about the growth and future of the brand.”

The initial investment for a MY SALON Suite franchise is approximately $984,999 – $1,577,236, including a $50,000 franchise fee. Ideal candidates have a net worth of $1.5 million, of which $500K is liquid. MY SALON Suite also offers special incentives for multi-unit signings, with a reduced $99,000 combined franchise fee when signing for three units or $150,000 for six units.

For more information about MY SALON Suite franchise opportunities, visit https://www.mysalonsuite.com/franchise, or contact Mark Jameson at mark.jameson@propelledbrands.com or 214-346-5679.

To view MY SALON Suite in the 2024 Top Brands for Multi-Unit Owners list, pick up the July/August issue of Entrepreneur magazine or find the list online at https://www.entrepreneur.com/franchises/directory/top-multiunit-ranking.

Leading salon suite franchise is offering 10 aspiring beauty and wellness professionals $1,000 scholarships in support of their education 

CARROLLTON, Texas — MY SALON Suite, a salon suite franchise focused on providing beauty, health, and wellness professionals a personal space to build their business, announced today it is offering 10 new $1,000 scholarship opportunities to help aspiring salon professionals achieve a license in cosmetology, barbering, esthetics, nail technology or massage therapy. Students can apply via an online form by August 15, 2024 to be considered for the MY SALON Suite Scholarship for Students.

CARROLLTON, Texas — Propelled Brands, the parent company of Suite Management Franchising (SMF), the franchisor of MY SALON Suite®, a salon suite franchise that focuses on providing hairstylists and beauty professionals a personal space to build their independent businesses and be their own boss, has named Susan Boresow as President.

“It is a great privilege to join the Propelled Brands family with the responsibility to lead MY SALON Suite as brand president,” said Susan Boresow. “I am enthusiastic about franchising and excited to join an industry that leverages my previous experience.  I look forward to further accelerating the growth and success of the franchisees.”

With 35+ years of experience, Susan has broad experience in franchising, operations, marketing, brand stewardship and leadership and has been integral to the growth of several companies. Utilizing strategic vision and design to deliver on large-scale initiatives, she has a proven track record of overseeing and leading teams through transition and growth.

Susan joined Propelled Brands on May 28.  Prior to joining Propelled Brands, Boresow held executive positions and was a franchising subject matter expert for some of the best-loved and most-recognized brands including Massage Heights, TITLE Boxing Club, Massage Envy, Pump It Up/Bounce U, Sports Clips, Coldstone Creamery, Godfather’s Pizza, and McDonalds.  She is known for providing business strategies and financial due diligence to help franchisees achieve operational excellence aligned with company mission, values, and goals. She has a Bachelor’s degree in Advertising and a Masters in Marketing.

In her current role as brand president, Boresow will be responsible for increasing franchisee profitability through effective leadership, innovation, new revenue streams, and operational efficiencies, as well as driving growth in the number of franchise locations.  She will focus on franchisee/franchisor collaboration, sharing best practices, optimizing processes, increasing franchisee profitability and satisfaction as well as deepening customer relationships to bring the brand promise to life.

“I am honored to appoint Susan to this role.” said Catherine Monson, CEO of Propelled Brands, who acquired SMF in June 2021. “Bringing an innovative, forward-thinking trailblazer with a laser focus on driving results and a relentless pursuit of excellence to the helm will forge a path for continued success and growth for the MY SALON Suite network.”

National salon suite brand doubles scholarship funding; giving out a total of $62,500 to empower aspiring entrepreneurs in beauty and wellness

CARROLLTON, Texas — MY SALON Suite, a co-working style space where salon professionals provide beauty services to their clients in private, fully equipped, custom suites, is excited to announce the first pool of winners for its Member Scholarship Program. The program, which has doubled its funding from 2023, now awards 250 $250 scholarships quarterly to current MY SALON Suite Members for industry-related continuing education, totaling $62,500 awarded this year.

Partnering with the Professional Beauty Association, PBA Charities, MY SALON Suite received an overwhelming response to its scholarship program. Beauty professionals pursuing licenses in cosmetology, barbering, esthetics, nail technology or massage therapy eagerly submitted their applications for the opportunity to receive $250 each toward their industry education. In this round, 62 deserving individuals have been chosen to further their professional development within the beauty and wellness industry.

“At MY SALON Suite, we are dedicated to fostering the success of our members and we’re thrilled to witness the tangible impact of our scholarship program within our community,” said Stacy Eley, Brand President of Suite Management Franchising, franchisor of MY SALON Suite. “We believe in investing in our members’ growth and development, which is why initiatives like our Member Scholarship Program are so important to us. It’s inspiring to witness our members seizing opportunities for further education and skill development. We look forward to continuing to support our members as they pursue their passions and advance their careers. Their success is our success, and we are committed to being their partner every step of the way.”

Melissa Sawers, owner of Wicked Hair Witch at MY SALON Suite Plantation, FL, expresses her excitement as one of the scholarship recipients.

“Winning this scholarship to advance my education as a hair stylist means a world of opportunity to me,” said Sawers. “It will elevate my skills, boost my confidence, and enhance the quality of service I provide to my clients, ultimately taking my business to new heights. This investment in my education will not only refine my craft but also open doors to new techniques, trends, and networking opportunities that will help me stand out in the beauty industry. I am thrilled and grateful for this chance to grow and make a lasting impact on my business.”

All scholarships are provided through MY SALON Suite’s Suite Relief Fund, built on donations made by MY SALON Suite Members and Franchise Partners and administered by PBA Charities. Completed applications are reviewed and scholarships awarded by a committee appointed by the Chair of the Beauty Professional / NCA section of the Professional Beauty Association.

The next deadline for current Members to apply is June 15, 2024. Applications are available online.

Please visit PBA Charities’ Scholarship website to review the MY SALON Suite Scholarship Terms, Conditions and Eligibility Rules and complete the online application in full by the due dates.

MY SALON Suite is home to over 8,500 Members throughout close to 330 locations across the U.S. and Canada.

Salon Suite Franchise Receives Recognition Amid Nationwide Expansion

CARROLLTON, Texas — MY SALON Suite, a salon suite franchise that focuses on providing stylists and beauticians a personal space to build their business and the beauty industry’s future, announced today it has been recognized as one of the top 100 franchises in Entrepreneur‘s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Recognized as an invaluable resource for potential franchisees, the 2024 Franchise 500® ranks MY SALON Suite as #75 overall for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

“Reflecting on the tremendous growth and successes MY SALON Suite has experienced over the last year, this recognition further underscores the strength and potential of the MY SALON Suite brand and its opportunities,” said Mark Jameson, chief development officer at Propelled Brands. “Our tremendous growth in 2023 was driven by our semi-absentee model and multi-unit deals as well as the expansion of our conversion program and our strategic acquisitions of independent salons. With ambitious plans to further expand our network, I eagerly anticipate witnessing the brand reach new milestones in the year ahead.”

The recognition comes following one of the most successful franchise development years to date for MY SALON Suite, with more than 40 franchise agreements and 43 store openings allowing the brand to surpass 318 open locations. In addition to welcoming nine new owners into the network, MY SALON Suite also undertook the strategic acquisition of 13 independent salons to grow its corporate footprint in Reno, Nevada; Charleston, South Carolina; and Herndon, Virginia. The brand set further records through its annual Suite Relief fundraiser, raising over $120,000 for the third consecutive year in honor of St. Jude Children’s Research Hospital.

“People are really embracing this concept in the salon industry and feeling confident bringing their business to MY SALON Suite,” said Alpesh Trivedi, MY SALON Suite multi-unit franchisee with 10 open units and another 10 committed in the Detroit and Chicago areas. “MY SALON Suite’s franchise model has been a great way for me to learn, adopt and improve the proprietary processes, products and best practices. The company has a culture of ‘partnership’ where the ideas and information flow freely between franchise and franchisor about sight selection, design, construction and operations.”

In Entrepreneur‘s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is then given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranked order.

“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”

The initial investment for a MY SALON Suite franchise is approximately $823,344 – $2,241,800, including a $50,000 franchise fee. Ideal candidates have a net worth of $1.5 million, of which $500K is liquid. Additionally, MY SALON Suite offers a special incentive for veterans and first responders, including paramedics, emergency medical technicians, police officers, sheriffs and firefighters, which includes a 50% reduction on the franchise fee – a savings of $25,000.

MY SALON Suite is currently seeking qualified franchise candidates with an emphasis on multi-unit owners as it targets continued nationwide growth. For more information about MY SALON Suite franchise opportunities, visit https://www.mysalonsuite.com/franchise, or contact Mark Jameson at mark.jameson@propelledbrands.com or 214-346-5679.

To view MY SALON Suite in the full ranking, visit http://www.entrepreneur.com/franchise500.

Salon Suite Franchise Receives Recognition as a Top 200 Franchise Brand Based on Franchisee Satisfaction

CARROLLTON, Texas — MY SALON Suite, a salon suite franchise that focuses on providing stylists and beauticians a personal space to build their business and the beauty industry’s future, announced today it has been recognized among the top 200 franchises by Franchise Business Review as rated by franchise business owners. This is the 19th annual ranking of the 200 best franchise opportunities. The list is available at https://franchisebusinessreview.com/lists/top-200-franchises/.

“This recognition is a reflection of the remarkable growth that MY SALON Suite has experienced in the past year, and underscores our commitment to providing a compelling business opportunity and outstanding support to our franchisees,” said Stacy Eley, Brand President of MY SALON Suite. “Our semi-absentee model has proven to be an ideal choice for multi-unit and multi-brand franchise partners seeking to diversify their portfolios. As we continue to expand our network and offer a variety of franchising options, including through multi-unit packs and conversions, I look forward to the continued achievements and milestones that lie ahead for MY SALON Suite.”

Franchise Business Review, a market research firm that performs independent surveys of franchisee satisfaction and employee engagement, provides the only rankings and awards for franchise companies based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes its rankings of the top 200 franchises in its annual Guide to Today’s Top Franchises.

MY SALON Suite was among over 375 franchise brands, representing more than 35,000 franchise owners, that participated in Franchise Business Review’s research. MY SALON Suite’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, and financial opportunity. MY SALON Suite franchisees are provided ongoing training, support and a strong referral network to help their business generate a six-figure income, as well as a semi-absentee model that allows franchisees to own a franchise without needing to manage employees or oversee every operation.

“We were looking for a proven, but growing franchise concept to help diversify our brand portfolio. MY SALON Suite checked all of the boxes from an investment, time demand and profitability standpoint,” said Eric Goodman, MY SALON Suite franchisee of multiple locations in Columbus, Ohio. “We feel like we’re in great hands with the MY SALON Suite team. From the discovery and fact-finding part of the process, into onboarding and beyond, we’ve been given all of the tools and contacts we need to set us up for success.”

MY SALON Suite’s survey data showed the following:

97% of franchisees agree that their fellow franchisees are supportive of each other.
90% of franchisees agree that they support the brand.
91% of franchisees agree that they enjoy being a part of this organization.

“Franchisee satisfaction continues to be the leading indicator of franchise performance and system health, and we are pleased to report that our latest research shows satisfaction has remained at some of the highest levels in the past 19 years. In fact, our survey results show that three out of four franchise owners would recommend their brand to others. That’s extremely encouraging news for franchise owners and anyone considering investing in a franchise,” said Michelle Rowan, president and COO of Franchise Business Review. “As an independent research firm, Franchise Business Review is committed to helping prospective franchisees get an objective view of the best franchise opportunities available based on actual feedback from the people who own them. Each of the award winners on this year’s list of the 200 Top Franchises received stellar ratings from their franchisees in the areas crucial to success in operating a franchise, including training & support, leadership, innovation, culture, and financial opportunity.”

The initial investment for a MY SALON Suite franchise is approximately $823,344 – $2,241,800, including a $50,000 franchise fee. Ideal candidates have a net worth of $1.5 million, of which $500K is liquid. Additionally, MY SALON Suite offers a special incentive for veterans and first responders, including paramedics, emergency medical technicians, police officers, sheriffs and firefighters, which includes a 50% reduction on the franchise fee – a savings of $25,000.

For more information about MY SALON Suite franchise opportunities, visit https://www.mysalonsuite.com, or contact Mark Jameson at mark.jameson@propelledbrands.com or 214-346-5679.

Visit FranchiseBusinessReview.com to see the full description of the 2024 Top Franchises.