CARROLLTON, Texas, March 12, 2025 /PRNewswire/ -- MY SALON Suite®, a salon suite franchise focused on providing beauty, health, and wellness professionals a personal space to build their business, announced today it has been recognized as one of the top 500 franchises in Entrepreneur's Franchise 500®. Achieving placement on the annual Franchise 500® is a highly sought-after accolade in the franchise industry, recognized as an invaluable resource for potential franchisees. MY SALON Suite ranked #119 overall for its exceptional performance in unit growth, financial strength and stability, and brand power. To view MY SALON Suite in the full ranking, visit http://www.entrepreneur.com/franchise500.
"Being named to the Franchise 500® is a direct result of our franchisees' dedication, commitment to excellence, passion for MY SALON Suite, and drive to succeed, all of which are the key factors behind our continued growth and success," said Mark Jameson, chief development officer at Propelled Brands. "The strong year of development MY SALON Suite experienced in 2024 has set the foundation for even more opportunities for aspiring entrepreneurs who want to own their own business, backed by award winning comprehensive support. With our attractive semi-absentee model and opportunities for multi-unit growth, we're eager to continue expanding and offering a proven path to success."
MY SALON Suite earned this accolade after an exceptional year of franchise development and community impact. The brand signed more than 23 franchise agreements and increased its total to over 350 open and operating locations, strategically expanding its presence across North America. Through its Suite Relief Fund, the brand achieved an all-time record by raising more than $123,000 in support of St. Jude Children's Research Hospital, awarded 10 student scholarships, totaling $10,000 and 248 Member scholarships, totaling $62,000 Members.
In addition to ranking on the Entrepreneur Franchise 500, MY SALON Suite was also recognized on leading industry lists from Franchise Business Review and Franchise Times, and earned the prestigious Franchise Customer Experience Certification from the Franchise Customer Experience Institute.
"After retiring from Corporate America, my husband Don and I sought a business that would offer flexibility and allow or family to focus on family, church, and community," said Anabella Fabellar, owner of My SALON Suite locations in Manchester, Missouri; Noblesville, Indiana; and North Indy, Indiana. "My SALON Suite was the perfect fit for us with its semi-absentee model, no employees or inventory and the chance to help others achieve their small business dreams. The company's support and resources have allowed us to strengthen our family relationships and help others."
In Entrepreneur's continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company's 46-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
"The Franchise 500 is more than a list. It's really a collection of life-changing opportunities, featuring strong and resilient brands that future franchisees will be proud to be a part of," says Jason Feifer, editor in chief of Entrepreneur magazine. "This year's honorees represent the bold ideas, operational excellence, and adaptability that make franchising a cornerstone of entrepreneurial success."
The initial investment for a MY SALON Suite franchise is approximately $984,999 – $1,577,236, including a $50,000 franchise fee. Ideal candidates have a net worth of $1.5 million, of which $500K is liquid. MY SALON Suite franchisees have a median EBITDA of 44.1%, according to the brand's most recent Franchise Disclosure Document (FDD).* Additionally, MY SALON Suite offers a special incentive for veterans and first responders, including paramedics, emergency medical technicians, police officers, sheriffs and firefighters, which includes a 50% reduction on the franchise fee – a savings of $25,000.
* EBITDA figures are based on information disclosed in the MY SALON Suite Franchise Disclosure Document. Individual results may vary.
MY SALON Suite is currently seeking qualified franchise candidates with an emphasis on multi-unit owners as it targets continued nationwide growth. Interested prospects can visit key franchise personnel at the Multi-Unit Franchising Conference in Las Vegas March 25 - 28, 2025 (booth #2221). For more information about MY SALON Suite franchise opportunities, visit https://www.mysalonsuite.com/franchise, or contact Mark Jameson at mark.jameson@propelledbrands.com or 214-346-5679.
About MY SALON Suite®:
MY SALON Suite is a nationwide network of turnkey beauty salon suite studios designed to empower independent salon professionals to provide beauty services to their own respective clients. The co-working style space represents the latest concept in the beauty services industry, bringing together a community of independent beauty professionals in one luxurious location. Founded in 2010, MY SALON Suite has since expanded to more than 350 locations across the U.S. and Canada, providing entrepreneurship opportunities to over 10,000 Members.
With industry-leading knowledge, operational processes, and support services, MY SALON Suite provides Members with the tools and resources they need to build, open, and manage upscale private salon suites. This supportive environment allows established beauty service professionals to invest in themselves and their professional success by running their own salon business.
To learn more about MY SALON Suite®, visit mysalonsuite.com. For franchise opportunities, contact Mark Jameson (mark.jameson@propelledbrands.com or call 214.346.5679).
