You’re ready to take your future into your own hands, and 2022 seems like the year to really get things going. We’ve outlined what you’ll need to do to prepare for opening a business.
CHOOSE YOUR NICHE
As you prepare for opening a business, you will want to decide what services or products to offer your clients. Most franchises will make this process easier by streamlining the services offered at every franchise location.
Whatever you choose to focus on, you and your team should work to highlight the specialties that will entice your target customer base and appeal to their needs with a variety of options.
CONSIDER THE FRANCHISING ROUTE
Opening your own business may feel like an overwhelming endeavor, but it doesn’t have to be. One of the reasons franchises make such good investments is that you still have the freedom of owning your own business while benefiting from the guidance of a team of experts who are well-versed in the industry you plan on entering.
Whether you’re an experienced business owner or a first-time entrepreneur, MY SALON Suite exemplifies how to start a salon suites business in a growing and recession-resistant industry. After meeting the team and making final decisions, you will sign a franchise agreement.
The timeline for opening a MY SALON Suite franchise can vary based on multiple factors. This includes the site selection process and when your approved location is ready to begin construction. On average, a franchisee can expect to open their location six to 12 months after signing their franchise agreement.
Real estate is an important aspect of opening your business, and the right franchisor will provide a great deal of support and engagement throughout this process. A franchise representative will visit the market and get to know the area while helping you determine which neighborhood to target.
Members of the franchise development team will have extensive practical experience in commercial real estate, financing, construction, demographics research, site analytics, lease negotiation, and retail store build outs. MY SALON Suite works with a national firm to secure the best real estate for our franchise partners. Not only will we help you find the best real estate available, we’ll also help you negotiate the terms of your lease.
Creating a layout and designing the space as you prepare for opening a business is no problem when you can follow a tried-and-true guideline. These floor plan details include space planning, detailed architectural and construction drawings, finish standards, and specifications.
You will also need to install equipment and fixtures, but not to worry: The right franchise’s development manual will provide a blueprint. This is in addition to standard contract and lease documents specific to the brand’s businesses and their construction.
RECRUIT YOUR TEAM
Depending on the type of business you choose to open, your franchise will have certain operational guidelines for you and your team to adhere to. You will want to attract the crème de la crème of beauty professionals to keep your business running smoothly while, in turn, providing them a healthy, happy place to work.
If you know you don’t want to manage a large team or payroll, MY SALON Suite may be a great option for you. Our model doesn’t require employees. Instead, our business is more of a real estate play. You’ll own the space and rent individual sections out to independent business owners. Some of our owners hire a manager to handle day-to-day activities, but none stress over hiring or employee turnover.
Your grand opening is the culmination of all your hard work and the day you welcome your Member’s customers and the community into your new space. Your franchisor should help you establish your grand opening plan and official business launch with marketing and promotional endeavors to introduce your spa to the community.
MY SALON SUITE: A WINNING BUSINESS FOR 2022 AND BEYOND
The benefits of MY SALON Suite are two-fold: Franchise owners can enjoy the freedom, support and potential of a brand recently named a Top Franchise for 2021 by Franchise Business Review, which noted our franchise’s high earning potential and flexible semi-absentee ownership model. Beauty professionals will also enjoy the chance to control their own workspace, set their own hours, and conduct their business with the freedom and support of a brand that only wants to see them grow.MY SALON Suite is proud to exemplify the ultimate salon suite experience for a community of beauty professionals. To learn more about franchising opportunities with MY SALON Suite, please fill out the form on this page and one of our franchise development representatives will be in touch.