The Sola® Difference

By online November 13, 2018 Franchise 101

This concept has absolutely taken off overseas and the Sola® Salon Studios team are ready to hit the Australian real estate market like nothing before and change the real estate game.


This is a business model like no other in Australia. The owner of Sola® Salon Studios Australia will be facilitating salon business owners to have their own luxurious space and join a community of like minded professionals.


How it works?

 

  • As a Sola® Salon Studios franchisee you will be a landlord for a thriving business hub, joining a business model that has succeeded across America with a total annual sales for the US system exceeding US$1 billion.

  • Simple revenue model – through a license agreement, stylists pay Sola® weekly rent in advance through electronic funds transfer for the use of their private studio, based on a 1 - or 2 - year agreement.

  • Expenses are largely fixed (rent payments to retail centre landlord, utilities and cleaning equal 75% of store-level expenses)

  • Store-level EBITDA margins of 40% -50% and unlevered yields on total capital of 25% -35%

  • Sola® is simply the landlord –stylists are owner/operators, not employees of Sola®. No full-time on-site employees; general managers can manage 10+ locations with minimal additional support.

  • Franchisee rents 4,500 -6,000 sq. ft. of space in retail shopping centres within salon-dense submarkets

  • Sola® builds out stores containing approximately 25 studios, 100-200 square feet. Studios are fully-equipped for use by stylists (sinks, mirrors, cabinets, styling chairs, etc). Hip, trend setting, upscale atmosphere.

  • Attract career-oriented stylists and other health & beauty professionals through targeted marketing and social media. Stylists are not employees –professionals are independent business owners.

  • Sola® has a vision to be more than just another salon suites rental business; they are an all-encompassing independent salon business solution that provides franchisors a business opportunity like no other. They also give beauty therapists and aspiring salon owners the ability to build their own business and be part of a unique and established brand.

Read why those in the beauty industry have turned to Sola® Salon Studios as a hub for their business.


“I chose Sola because I was ready to change how I wanted to live my life. I heard of Sola a few times from conversations I had with other people and I just decided to take a look at how a place like this could put me in a path where I’m in control of how creative I can be as an entrepreneur.”

 Julie Nhi

Cosmic Nails LLC,  Charlotte, NC


“My choice to leave a traditional, commission-based salon was based on my need to completely control my own working schedule and create an enjoyable experience for my clients. At first, I chose Sola because they were turnkey ready, which was important for my peace of mind considering it was my first time going independent. I quickly realized that I was gaining so much more than an easy transition!”

 Ashley Lantz

TressPassing Salon, Avondale, Arizona


“I chose Sola because I wanted my clients to have a consistent brand experience. I didn’t want to manage multiple personalities and try to get them all to mesh and support a consistent vision, especially with the turnover of most barbershops. I’d almost never seen a shop that maintains its brand over time because it has to fill seats with clients as well as new barbers."

 Chris Matthews

Dillinger’s Hair Company, Long Island, New York


Read more at: https://www.solasalonstudios.ca/blog/the-sola-difference1

 

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