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Phenix Salon Suites

Information based on 2024 FDD
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Brand Highlights
  • Founded in 2007
  • Franchising Since 2010
  • 361 US Franchises
  • $961,682 - $2,439,291 Investment Range
  • $476,722 Average Gross Revenue
  • $0.33/sqft Royalty Fee
  • $52,250 Franchise Fee
Pre-qualification Amount

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Franzy Fit Score

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Brand Description

Phenix Salon Suites represents an innovative approach to the beauty and personal care industry, offering a unique business model that empowers beauty professionals to become entrepreneurs. Founded in 2007, Phenix has revolutionized the traditional salon concept by providing independent beauty professionals with luxurious, private suite spaces to operate their own businesses.

The franchise stands out for its commitment to creating an upscale, secure environment where beauty professionals can thrive. Each location features individually climate-controlled suites equipped with high-end fixtures and amenities, allowing professionals to customize their space and create their own branded experience. The controlled-access system ensures safety and exclusivity for both service providers and their clients.

What makes Phenix particularly attractive is its comprehensive support system for beauty professionals, including marketing assistance, business development resources, and the freedom to set their own schedules and prices. The model caters to a wide range of beauty services, from hair styling and skincare to nail care and eyelash extensions, creating a one-stop beauty destination for clients.

Based on numerous positive reviews, Phenix locations consistently receive praise for their cleanliness, professional atmosphere, and the high quality of services provided by their suite owners. The private suite concept has proven especially appealing to clients who prefer a more intimate, personalized service experience away from the busy environment of traditional salons.

For beauty professionals seeking independence without the overwhelming costs and responsibilities of a traditional salon, Phenix Salon Suites offers an ideal path to business ownership while maintaining a professional, supported environment.

Financial Summary
Franchise Fee
$52,250
Investment Range
$961,682 - $2,439,291
Investment Midpoint
$1,700,487
Minimum Cash Required
$961,682
Royalty Fees
$0.33/sqft
Brand Fund
$0.06/sqft
Brand Bragging Rights
Coming soon
Financial Analysis
Phenix Salon Suites represents a premium investment opportunity in the personal care sector, with an investment range of $961,682 - $2,439,291, significantly higher than the sub-sector averages of $274,220 - $566,224. This premium positioning reflects the brand's focus on high-end locations and comprehensive build-out requirements. The average gross revenue of $476,722 exceeds the sub-sector average of $388,913 by 22.6%, indicating strong revenue potential.

The business model, centered on property management and suite rentals to beauty professionals, offers multiple revenue streams and relatively stable cash flow. With 379 operating units across 33 states, Phenix demonstrates proven scalability and market acceptance. The higher investment requirement typically includes real estate costs, premium build-out, and extensive support systems.

ROI timeline estimates range from 3-5 years, depending on location quality and occupancy rates. Key success factors include strategic location selection, effective tenant mix, and maintaining high occupancy rates. The model benefits from the growing trend of beauty professionals seeking entrepreneurial opportunities, though success requires strong property management skills and market understanding.

Risk factors include high initial capital requirements, real estate market fluctuations, and competition from other salon suite concepts. However, the brand's established presence, above-average revenues, and comprehensive support system help mitigate these risks. Ideal investors should have significant capital reserves, real estate management experience, and strong business acumen.
Expected Investment Range
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Average Gross Sales
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Financing
Financing Details

Franzy connects you with top-tier financing partners to help secure the funds to invest in a franchise like Phenix Salon Suites. Whether you're looking for a loan or exploring other financial products, our partners provide expert guidance to ensure you obtain the necessary capital. They specialize in offering solutions tailored to the needs of franchisees, making the process of securing financing smooth and straightforward.

Why Financing with Franzy Partners?

Choosing to finance through Franzy's partners ensures you get the best terms and support for your franchise investment. Our partners have extensive experience in the franchising industry and offer specialized financial solutions tailored to your needs. With competitive interest rates and flexible repayment options, you can find the right financing plan that fits your budget and goals. Our partners are committed to providing personalized guidance throughout the financing process, making it easier for you to secure the necessary funds and confidently move forward with your franchise venture.

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Location Analysis
Phenix Salon Suites demonstrates strong market presence across multiple states, showing particular concentration in coastal and high-population regions. The franchise maintains notable presence in California, with significant operations in Virginia and Maryland, indicating successful penetration in both high-income coastal markets and mid-Atlantic regions. The franchise's exceptional customer satisfaction ratings across numerous reviews suggests consistent service quality across markets.

The franchise shows strategic positioning in affluent suburban areas and retail corridors, particularly in states with high disposable income and beauty service demand. Strong presence in both established markets (New York, California) and growing regions (Texas) indicates adaptability to diverse market conditions. However, significant expansion opportunities exist in the Midwest and Mountain regions, where coverage is less developed.

Ideal locations typically feature high-income demographics, strong retail co-tenancy, and proximity to residential areas with professional populations. Success factors include locations in upscale shopping centers, areas with high salon professional density, and markets with strong beauty service demand. The franchise's suite-rental model performs particularly well in regions with high concentrations of independent beauty professionals and strong entrepreneurial communities.
Total US Locations379
Open Franchises361
Corporate Locations18
Average Sq. FootN/A sq/ft
Territory Map

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Franchise Net Unit Growth
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Additional Information

Executive Team

Get to know the leadership behind Phenix Salon Suites. Learn about the experience and expertise of the executive team guiding Phenix Salon Suites's success. For more details, refer to Item 2 of the Franchise Disclosure Document (FDD).

Litigation

Review any legal actions or pending litigation involving Phenix Salon Suites. Understanding the legal history helps assess potential risks and the brand's business practices. For more details, refer to Item 3 of the Franchise Disclosure Document (FDD).

Bankruptcy

Review Phenix Salon Suites's bankruptcy history and any filings by key personnel or affiliates. This critical information provides transparency about the brand's financial stability and management. For more details, refer to Item 4 of the Franchise Disclosure Document (FDD).

Franchisor Assistance

Learn about Phenix Salon Suites's comprehensive support system for franchisees, including initial training programs and continuous operational assistance. Understanding the available resources and support structure is crucial for franchise success. For more details, refer to Item 11 of the Franchise Disclosure Document (FDD).

Frequently Asked Questions
Disclaimer

The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

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