MY SALON Suite, a salon suite franchise that offers stylists and beauticians a personal space to build their business, has announced plans to open ten new locations across southeast Michigan and Chicago. The franchisees Alpesh Trivedi and his business partner will spearhead the expansion, amid rapid growth of their businesses. The franchise model has been a great way for Trivedi and his partner to learn, adapt, and improve proprietary processes, products, and best practices.
Trivedi and his partner joined the franchise 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 the beauty franchise 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.
The franchise 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 franchise’s semi-absentee model is ideal for multi-unit and multi-brand franchise partners looking to diversify their portfolios. 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. The beauty franchise offers world-class support to its franchise network and helps its franchisees grow their business, whether they’re just getting started or opening their 20th location.
The initial investment for an MY SALON Suite franchise is approximately $664,738 to $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, the franchise 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 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.
Suite Management Franchising is the parent company of MY SALON Suite, a salon suite franchise designed for entrepreneurs seeking to diversify their portfolio while enjoying a semi-absentee lifestyle. The company aims to inspire and empower salon owners by providing ongoing support, training, and a strong referral network. The brand has rapidly expanded and was ranked #66 on Entrepreneur’s 2023 Franchise 500® List. A strategic partnership with Propelled Brands, the largest family-owned collection of salons in the United States, has contributed to the brand’s growth. MY SALON Suite and Salon Plaza have a combined total of 275 locations across the United States and Canada, with plans to add 200 franchise partners and 500 salons within the next three years. More information about Suite Management Franchising is available at mysalonsuite.com/franchise, while details about MY SALON Suite and Salon Plaza can be found at mysalonsuite.com and salonplaza.com, respectively.
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