As an entrepreneur, joining a franchise system is a great way to open a new business. Depending on the franchise, you have varying levels of power and control. Some entrepreneurs prefer to be more independent, while others appreciate the support and backing of a franchise. Opening a turnkey franchise, like MY SALON Suite, allows you to reap the benefits of owning a business with ease, flexibility, and expert guidance.
What is a Turnkey Franchise?
A turnkey franchise is one that provides owners with everything they need to hit the ground running. You are never alone with a turnkey franchise, and the franchisor offers plenty of guidance to ensure success as soon as your doors are open. With MY SALON Suite, that includes everything from training to a successful business model already in place.
Benefits of a Turnkey Franchise
A turnkey franchise is ideal for a franchise owner who wants the flexibility of a semi-absentee ownership lifestyle and who wants the business to hit the ground running as soon as it opens. It’s perfect for someone who wants to “turn the key” and get to work. Here are the top five benefits of opening your own turnkey franchise.
Open with Ease
It’s easier to open a turnkey franchise than an independent business. With MY SALON Suite, once you execute your franchise agreement, it takes an estimated 9 to 12 months to open your business. During this time, MY SALON Suite assists with market logistics, construction, training, and recruitment. Suites are fully furnished with high-end equipment, in accordance with MY SALON Suite’s location model. Our stylists, referred to as Members, decorate their suites and provide the finishing touches.
Guidance and Support
You are never alone when you operate a business with a turnkey franchise. This guidance starts before your business is even open. MY SALON Suite will train you in every aspect of what it takes to run a successful salon suite franchise. As a new owner, you will be assigned a marketing manager who will also help with your recruiting efforts. You do not need salon experience to own a MY SALON Suite, and your marketing manager will offer all the guidance and support you need to run a successful business.
Flexible Schedule
A turnkey franchise can often run itself. Most MY SALON Suite franchise owners work 5 to 10 hours per week. Their responsibilities include recruiting Members, managing finances, implementing marketing plans, and retaining a high occupancy rate. Members run their own businesses within yours, so you are there as a mentor rather than a boss.
Ability to Own Multiple Locations
Due to the flexible schedule that comes with a turnkey franchise, you can easily own multiple locations. This is ideal for owners who want to spread their wings within a specific market. MY SALON Suite helps new owners target ideal locations and offers support with negotiations.
Semi-Absentee Ownership
A turnkey franchise offers you the ability to run a business as a semi-absentee owner. 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.
As a MY SALON Suite owner, you do not depend on a full-time manager. However, since members own and operate their own salon suites, there is minimal work that franchise partners need to do on-site.
Request Information About MY SALON Suite Franchise Opportunities
Are you ready to open a successful turnkey franchise? Request more information to see how you can get started with your MY SALON Suite franchise today!