How Does Absentee Franchise Ownership Work?

What if you want to be a business owner, but you don’t want to be committed to working full-time hours? As a MY SALON Suite owner, you can have your cake and eat it too.

Being your own boss comes with a certain degree of freedom. You don’t have to ask permission to go to doctor’s appointments or soccer games. However, most business owners have everyday responsibilities and need to be available, in some form or another, all the time.  Semi-absentee franchise ownership allows you to have a relatively hands-off experience while still maintaining the benefits of business ownership.

What is Semi-Absentee Franchise Ownership?

Absentee franchise ownership is when you don’t have to participate with the day-to-day operations of your business. Someone else manages the business, and you do not have to be present. A semi-absentee franchise allows business owners to maintain their responsibilities within a minimal timeframe. Owners are responsible for managing their businesses, but they only need to devote a short amount of time each week.

MY SALON Suite is a semi-absentee franchise that offers business owners high earning potential and requires a short time commitment. Most franchise partners work 5 to 10 hours a week and enjoy six-figure incomes. This allows franchise partners to take on other business ventures, enjoy semi-retirement, or simply spend more time with their families.

Responsibilities of a Semi-Absentee Franchise Owner

Semi-absentee franchise ownership is not without its responsibilities. Entrepreneurs need to be passionate about their businesses and committed to the brand’s growth and success. They need to encourage a sense of community among tenants, manage finances, and ensure their business is well-known in the area.

MY SALON Suite franchise partners earn a profit by collecting rent from stylists and beauticians, referred to as Members. While owners’ responsibilities go beyond gathering rent, they are still minimal compared to those of other business owners. Semi-absentee franchise owner responsibilities include:

  • Recruiting Members
  • Retaining a high occupancy rate
  • Managing all financial procedures
  • Establishing ties to your local community
  • Selecting and implementing marketing plans
  • Working with Suite Management Franchising to grow the company

A Day in the Life

A typical day for a MY SALON Suite franchise owner includes reviewing finances and checking in with members. Since members own and operate their own salon suites, there is minimal work that franchise partners need to do on-site.

A workday may involve efforts to recruit members, depending on the occupancy of your MY SALON Suite location. You may need to focus on community outreach or marketing efforts to help fill your franchise location with unique and driven tenants. In general, most daily activities involve managing financial procedures, while marketing and recruiting members are long-term or ongoing projects.

The MY SALON Suite Semi-Absentee Franchise Ownership Opportunity

Even with the responsibilities of owning a semi-absentee franchise, you are never alone as a MY SALON Suite franchise owner. Our semi-absentee franchise ownership model is designed to support the growth of our partners.

MY SALON Suite trains new owners on how to recruit qualified salon professionals and how to run a successful salon suite franchise. Regional franchise business leaders are always available to offer answer questions and offer support. Our team is dedicated to making sure you are a success.

<H2>Request Information About MY SALON Suite Franchise Opportunities

Are you ready for the freedom and success that come with semi-absentee franchise ownership? Request more information to see how you can get started with your MY SALON Suite franchise today!