So, you want to own your own business, but you don’t have a ton of time to spare. What can you do? This is a common predicament for busy professionals with a full-time job they love who still want to invest in business ownership. You may also fall into this category if you are retired and want to invest but no longer wish to work full time. Business ownership does not have to be a full-time commitment, especially when you own a semi-absentee franchise like MY SALON Suite.
What is a Semi-Absentee Franchise? A semi-absentee franchise is one in which the franchise owner does not have to devote much time to the daily operations of the business.
As the owner of a MY SALON Suite franchise, you serve as the landlord to stylists and beauticians (called Members) who, in turn, pay you rent. They operate their own businesses, including scheduling their appointments, buying and selling products, and attracting customers. Members have 24/7 access to their MY SALON Suite location. They make their own hours, greet their own customers, and pay you the rent.
Role of a MY SALON Suite Owner
While individual salon franchise units are run by the owner in question, they’re leased by salon professionals who are eager to run their own beauty business. However, there are still responsibilities for MY SALON Suite franchise owners.
The responsibilities of a semi-absentee franchise owner with MY SALON Suite include:
- 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
Most MY SALON Suite franchise partners typically work about five to 10 hours per week.
Benefits of a Semi-Absentee Franchise
When you own a semi-absentee franchise like MY SALON Suite, you have the flexibility to fit ownership responsibilities into your personal schedule. You can still work a full-time job and spend time with your family as a MY SALON Suite owner. You can skip the full-time job and have a more leisurely lifestyle while earning money. You also have the time and flexibility to invest in more than one MY SALON Suite location or other business ventures.
MY SALON Suite Earning Potential
There is plenty of earning potential for semi-absentee franchise owners. MY SALON Suite is ideal for people who enjoy their six-figure incomes but are tired of the demands of a six-figure work schedule. A salon suites franchise attracts franchise partners looking to replace their six-figure income while also taking advantage of a semi-absentee franchise lifestyle.
The primary income source for our franchise partners is the rent collected from Members. It works a lot like an apartment complex. Of course, rent, size, and occupancy also matter. These factors contribute to your net profit. MY SALON Suite provides all the tools you need for your franchise to thrive.
If the semi-absentee franchise lifestyle seems like a good fit for you, consider opening a MY SALON Suite location.
Click here to learn more about franchise opportunities with MY SALON Suite.