Start a Encore Salon Suites Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $122K - $342K

Units as of 2020: 2

Encore Salon Suites was established in 2017 by master stylist, barber, and salon suite expert Patrice McKinney. Encore Salon Suites believes it creates a new approach to an innovative idea by providing new franchisees with tools, resources, information, and a team to help start a new business.

Encore Salon Suites includes a collection of spacious private barber suites, estheticians, and beauty professionals. The company began to offer franchises in 2020 and is actively seeking to expand its reach.

Why You May Want to Start an Encore Salon Suites Franchise

Encore Salon Suites creates substantial value for its tenants and treats them as a family. Encore Salon Suites believes that together they can build a foundation for growing businesses. The company strives to foster a safe and calm space where salon managers and customers can relax and have peace of mind.

Qualified franchisees must have budgeting knowledge, organizational skills, team-building capabilities, and a background in business may be beneficial.

What Might Make an Encore Salon Suites Franchise a Good Choice?

Franchisees have access to a customized app to help manage and promote their location. Here, Encore Salon Suites franchisees may be free to create their own schedule, set their pricing, and sell their products. Salon managers should expect to run the daily business operations and hire trained professionals.

To be part of the Encore Salon Suites team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Encore Salon Suites may offer exclusive territories, potentially meaning that franchisees will not have to worry about competition from other Encore Salon Suites locations.

How To Open an Encore Salon Suites Franchise

If awarded a franchise, franchisees may receive a great deal of support from the Encore Salon Suites brand throughout the franchising process. In addition to pre-opening training, franchisees can receive support through brand awareness, marketing, research, and construction. Franchisees with Encore Salon Suites may receive hands-on training and continued support after their franchise location has opened.

Before making any financial commitment or signing an agreement with Encore Salon Suites, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask questions about the Encore Salon Suites franchising team.

Also, ensure that you take time to explore the opportunity. Research the brand and your local area to see if the brand's franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate an Encore Salon Suites franchise.

Company Overview

About Encore Salon Suites

Related Categories	Salon Suites
Founded	2017
Leadership	Patrice McKinney, Owner
Corporate Address	2011 Bolton Rd., #104 Atlanta, GA 30318
Social	Facebook, Instagram

Business Overview

Franchising Since	2020 (4 years)
# of employees at HQ	3
Where seeking	This company is offering new franchises in the following US states:
# of Units	2 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a Encore Salon Suites franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$30,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$121,550 - $341,650
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$170,000 - $250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$85,000 - $125,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	16 hours
Classroom Training	25 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes