MY SALON Suite, a salon suite franchise that provides stylists and beauticians a personal space to build their business, says it plans to open 10 new locations across southeast Michigan and Chicago. MY SALON Suite franchisees Alpesh Trivedi and his business partner will spearhead the expansion amid rapid growth of their businesses.
“People are really embracing this concept in the salon industry and feeling confident bringing their business to MY SALON Suite and Salon Plaza,” said Trivedi, MY SALON Suite franchisee. “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. There’s very valuable know-how and support for each step of the business from the start and continued through the growth. The company has a culture of ‘partnership’ where the ideas and information flows freely between franchise and franchisor about sight selection, design, construction and operations.”
Trivedi and his partner joined MY SALON Suite in 2016 after years of experience franchising with other brands. They now own the rights to 11 locations throughout Michigan, including four open MY SALON Suite locations and four more under construction or lease negotiations, as well as three Salon Plaza locations. Last month, Trivedi and his partner gained an additional 10 licenses to open MY SALON Suites in the Chicago market or other Midwest states and Michigan, nearly doubling their portfolio with the brand and bringing them to over 20 planned locations.
“MY SALON Suite’s semi-absentee model is ideal for multi-unit and multi-brand franchise partners looking to diversify their portfolio,” said Mark Jameson, chief development officer at Propelled Brands. “With 10 new locations added to their expansive portfolio and aggressive growth strategy, Alpesh and his partner are a testament to the success and strength of our business model. We’re proud to offer world-class support to our franchise network and help our franchisees grow their business, whether they’re just getting started or opening their 20th location.”
MY SALON Suite is expanding in markets throughout the United States and is currently seeking qualified franchisees with a focus on existing multi-unit franchisees. The semi-absentee model, with no on-site employees, offers franchise owners the opportunity to expand and diversify while focusing their attention on other areas. The brand opened 42 franchise locations last year to reach a milestone of over 265 locations, with plans to continue to grow both domestically and internationally in 2023.
The initial investment for a MY SALON Suite franchise is approximately $664,738 – $1,479,827, 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 percent reduction on the franchise fee—a savings of $25,000.
MY SALON Suite will be exhibiting at the upcoming 23rd annual Multi-Unit Franchising Conference at Caesars Forum in Las Vegas on April 25–28, 2023 (Booth #1021) and hosting a private dinner with limited seating for qualified candidates. For more information, visit https://www.mysalonsuite.com/franchise