My Salon Suite franchise
My Salon Suite leases private, furnished salon suites to hair stylists, estheticians, nail techs and other beauty professionals who run their own businesses. The franchisee is effectively a landlord and manager of the building, collecting weekly rent rather than selling services. At the end of 2024 there were 355 My Salon Suite locations in the US, 304 franchised and 51 company-owned.
- Cost to open
- $675K–$1.68M
- Franchise fee
- $50,000
- Royalty
- 5.5%
- Locations, 2024
- 355+111 in 3 yrs
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Company snapshot
- Franchisor based in
- Carrollton, Texas
- Agreement length
- 10 years
- Territory
- Protected territory
- Financing
- Some financing offered
From Suite Management Franchising, LLC’s 2025 filing.
How much a My Salon Suite franchise costs
Opening a new My Salon Suite location costs an estimated $675,106 to $1,682,095. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Suite Management Franchising, LLC, 2025 filing, page 30
My Salon Suite franchise fee
The franchise fee is $50,000, per location ($25,000 for qualifying veterans and first responders). You pay it when you sign the franchise agreement.
Source: Suite Management Franchising, LLC, 2025 filing, page 18
Royalty and ongoing fees
| Royalty | 2.75% of gross revenues for the first 6 months, then 5.5%; from the 13th month, the greater of $1,000 or 5.5%, paid monthly. |
|---|---|
| Brand or marketing fund | At least $200 a month to the brand building fund (can rise to 2% of gross revenues). |
Source: Suite Management Franchising, LLC, 2025 filing, page 21
Sales and earnings
Shares figures My Salon Suite publishes sales or earnings figures for its locations: it reports 2024 average and median occupancy and net profit for locations open 12 months or more. The full tables, with notes on which locations are counted, are in its filing.
Source: Suite Management Franchising, LLC, 2025 filing, page 78
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2022 | 232 (+39) | 33 | 3 |
| 2023 | 275 (+43) | 48 | 0 |
| 2024 | 304 (+29) | 51 | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
Source: Suite Management Franchising, LLC, 2025 filing, page 84
How My Salon Suite compares
Of the 6 salon franchises on this site, My Salon Suite is the 5th cheapest to open and the 5th largest by number of locations.
| Measure | My Salon Suite | Typical salon |
|---|---|---|
| Cost to open, low end | $675K | $371K |
| Royalty | 5.5% | 6% |
| Closed or left per year | 0.6% | 1.9% |
| Change in franchised locations, 3 yrs | +57.5% | +13.4% |
| Shares earnings figures | Yes | 6 of 6 |
Typical is the median across the 6 brands in salon franchises.
Other salon franchises
My Salon Suite franchise questions
Does My Salon Suite help with financing?
Yes, in some cases. My Salon Suite may finance part of the cost, such as the franchise fee, for qualified buyers; terms are in its filing.
Do My Salon Suite franchisees get a protected territory?
Yes. My Salon Suite assigns a protected territory where it won't open or license another location while you meet the agreement's terms.
How long is a My Salon Suite franchise agreement?
The initial term is 10 years. Renewal is usually possible if you're in good standing, often for a fee and a remodel.
Is My Salon Suite growing or shrinking?
Over the last 3 years 115 franchised locations opened and 4 closed or left, a net change of +57.5%. About 0.6% of locations closed or left each year. That is below the 1.9% typical for salon franchises.
How does My Salon Suite compare with other salon franchises?
Of the 6 salon franchises here, My Salon Suite is the 5th cheapest to open (low end $675K against a $371K median) and the 5th largest by number of locations. Its 5.5% royalty is in line with the 6% median.
Does My Salon Suite say how much franchisees make?
Yes: it reports 2024 average and median occupancy and net profit for locations open 12 months or more. Your results can differ; the filing explains which locations are counted.
Where is My Salon Suite based?
Suite Management Franchising, LLC is based in Carrollton, Texas.