First and foremost, you receive a fully functional operating system ready to implement in your market. Real estate site selection support and guidance on space planning are provided as well. You also receive up to five days of training at our home office and in the field in actively operating salons. The “home office” training is followed by an additional five days of training at your location, all helping to ensure you are ready to run your new business day-to-day. You have access to our team of professionals who are more than just “support” personnel.Â Â Our team of professionalsÂ actually operate our iStudio Salons locations and stand ready to pass along their practical operating experience. A library of pre-approved marketing and graphic materials round out the support services.
We look for franchise owners who will be involved in their businessâ€™ operations (though you donâ€™t have to be on-site all day, every day!), and who are outgoing and engaging, who can network and build relationships effectively, and who ideally have prior management experience.Â While experience in the salon industry or in real estate would be helpful, it is not required to be an iStudio Salons Franchisee. Regardless of your background, weâ€™ll provide the training and tools you need to run an effective salon studios franchise.
The projected initial investment range for a single start-up location is between $531,250 and $1,149,000; this investment amount includes an initial franchise fee of $37,500. As with any new business venture, itâ€™s important that you have the capital and/or credit needed to fund your new business.
Franchisees will be required to pay royalties at a rate of 5.5% of gross revenues. These royalties allow us to fund our ongoing brand and the continued development of services, marketing tools, training programs, and systems upgrades.
New franchisees will be required to spend a minimum of $1,000 per month on local marketing until they reach an occupancy level of 85%. Once they hit that benchmark, their required local marketing spend will be reduced to a minimum of $500 per month. Franchisees will also contribute up to 2% of gross revenues into the system-marketing fund. Collected funds will be used to develop marketing strategies to promote the iStudio Salons brand and fund the creative costs to develop local franchise marketing materials and campaigns.
We do not offer direct financing to franchisees but will be happy to work with and provide information directly to your bank. We may be able to provide referrals to qualified financing or lending resources, on a case-by-case basis.
The initial term of your franchise agreement is seven years, with three renewal terms of five years each.
If you’re interested in starting a salon rental business and finding out more about iStudio Salons franchise opportunities, please contact us or call usÂ at 407-450-1250.Â Â We would love to discuss the possibility of setting up a visit for you to view our operations, speak with keyÂ management staff, and receive our FDD (Franchise Disclosure Document).Â The FDD contains all the important details you’ll need to make an informed decision.