FRANCHISE BUNDLE

Get Full Bundle:
$79 $49
$99 $79
$49 $29

TOTAL:

Description

How To Open a Sola Salon Studios Franchise?

To start your journey as a Sola Salon Studios franchisee, you will need to complete an initial franchise application. If accepted, you'll pay an initial franchise fee of $55,000 for a new franchise, or $41,000 if you are an existing franchisee. Following this, you will typically lease a property ranging from 4,200 to 9,000 square feet and remodel it into individual salon studios. Training and ongoing support will be provided to help you manage your salon studios and assist independent salon professionals who will lease these spaces.

What Makes a Sola Salon Studios Franchise a Strong Investment?

Investing in a Sola Salon Studios franchise can be appealing due to the growing demand for flexible salon spaces among beauty professionals. The total investment required to open a single franchise location ranges from approximately $924,021 to $1,957,824, which includes initial fees and build-out costs. Additionally, franchisees benefit from a relatively low operational complexity, as salon professionals operate their own businesses within your studios, allowing you to focus on management and maintenance rather than direct service provision.

Why Consider Becoming a Sola Salon Studios Franchisee?

Sola Salon Studios offers a unique business model that caters to independent beauty professionals looking for a personal space to operate their services. This model allows franchisees to generate rental income while providing a desirable environment for stylists, estheticians, and massage therapists. The franchise has seen consistent growth, with over 600 locations in the U.S. by the end of 2023, reflecting a strong market presence and ongoing demand within the salon industry.

Is a Sola Salon Studios Franchise Right for You?

Owning a Sola Salon Studios franchise can be an excellent opportunity if you are passionate about the beauty industry and possess strong management skills. The franchise operates on a royalty fee structure of 5.5% of gross revenue, alongside a 1.5% contribution to a national marketing fund. Consider your financial readiness, as well as your ability to navigate local regulations and the competitive landscape of salon services, before committing to this franchise opportunity.

Sola Salon Studios Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Health & Beauty Franchises
A more specific division within the broader industry.

Category

Hair Salons
Available financing options to help start the franchise.

Funding Year

2018
The main organization that owns the franchise brand.

Parent Company

Sola Franchise, LLC
The key individuals guiding the franchise’s strategy and growth.

Leadership

Ben Jones
The official business address of the franchisor’s headquarters.

Corporate Address

300 Union Boulevard, Suite 600, Lakewood, Colorado 80228
The total amount required to launch the franchise.

Initial Investment

$924,021 - $1,957,824
The initial fee paid to join the franchise system.

Franchise Fee

$55,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

5.5%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

1.50%
The minimum liquid capital you must have on hand.

Cash Required

$924,021 - $1,957,824
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$300,000 - $500,000
The typical yearly revenue generated per franchise location.

Average Revenue

$435,678
The middle value of yearly revenue among franchise locations.

Median Revenue

$419,770
The smallest reported annual revenue among franchisees.

Lowest Revenue

$17,792
The largest reported annual revenue among franchisees.

Highest Revenue

$861,276.55
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

24 Months

Sola Salon Studios Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

646
The number of locations owned by independent franchisees.

Franchised Units

585
The number of locations owned and run by the franchisor.

Corporate Units

61
Units 2021 2022 2023
Total Units 542 594 646
Net Change YoY 52 52
Franchised Units 512 555 585
Net Change YoY 43 30
Corporate Units 30 39 61
Net Change YoY 9 22

Company Background

Sola Salon Studios is a premier salon franchise that offers beauty professionals the opportunity to own and operate their own salon suites. Founded in 2004, Sola has grown to over 600 locations across North America, providing stylists, estheticians, and other beauty professionals with a luxurious space to serve their clients while maintaining their independence. The brand is committed to empowering beauty entrepreneurs by providing them with state-of-the-art facilities, marketing support, and a vibrant community.

Franchise Opportunity

Investing in a Sola Salon Studios franchise presents a unique opportunity for beauty professionals looking to step into business ownership. With a flexible model that allows franchisees to lease individual salon suites to independent beauty practitioners, Sola provides a low-risk entry into the salon industry. Franchisees benefit from a recognized brand, comprehensive training, and ongoing support, making it an attractive option for those passionate about the beauty industry.

Corporate Structure

Sola Salon Studios operates under Sola Salon Studios, LLC, which was established to create a network of upscale salon suites across the United States and Canada. The company is headquartered in Denver, Colorado, and focuses on providing tools and resources to help franchisees thrive. Sola is known for its commitment to quality and professionalism, fostering a culture that celebrates the success of each salon owner.

Royalties

Sola Salon Studios franchisees are required to pay a royalty fee of 6% of their gross revenue. Additionally, there is a marketing contribution of 2%, which helps fund advertising and promotional activities at both local and national levels. These fees are essential for maintaining brand presence and attracting new clients to the franchise locations.

Company Mission

At Sola Salon Studios, our mission is to inspire and empower beauty professionals to achieve their dreams through entrepreneurship. We strive to create an environment where salon owners can flourish, providing them with the freedom to build their own brand while benefiting from a supportive community. By focusing on innovation, quality, and a commitment to excellence, Sola Salon Studios aims to transform the beauty industry.

Brand Story

Sola Salon Studios was founded by Eileen and Chris McCarthy with a vision to change the way beauty professionals operate. Starting with a single location in Denver, the concept of providing individual salon suites quickly gained popularity among stylists seeking independence. Over the years, Sola has expanded significantly, becoming a leader in the salon suite industry. With a focus on creating upscale, fully equipped salon spaces, Sola has redefined the beauty experience, allowing professionals to deliver exceptional services while enjoying the benefits of owning their own business.

Frequently Asked Questions

The total estimated initial investment for a Sola Salon Studios franchise can range from approximately $848,799 to $1,446,784, depending on various factors like location and build-out costs.