Under new owner, MY SALON Suite marks 2021 with expansion, new programs and recognition

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January 05, 2022 // Franchising.com // CARROLLTON, TX – MY SALON Suite®, a hair salon franchise that aims to provide stylists and estheticians with a personal space to build their business and the future of the beauty industry. beauty, ended the year with impressive growth. Under the new ownership of Propelled Brands, the brand opened 40 new locations, rolled out new programs and gained national recognition.

“Our franchisees continue to exceed our expectations year after year, consistently taking our brand to new heights through their hard work and dedication,” said Ken McAllister, co-founder and CEO of MY SALON Suite. “With MY SALON Suite joining Propelled Brands, our franchisees receive continued support and unmatched resources to position the brand as a true leader among the industry and the local communities it serves. “

MY SALON Suite highlights for the year include:

  • Suite Management Franchising LLC. acquired by Propelled Brands, the corporate umbrella of FASTSIGNS®, SIGNWAVE® and NerdsToGo® in June;
  • Opening of 40 locations in 2021 with more than 60 additional units scheduled to open in 2022;
  • All MY SALON Suite locations experienced record occupancy rates, with a 6.7% system-wide occupancy increase over last year and new location occupancy openings by 21%;
  • Fourteen locations in the MY SALON suite have been extended to add other suites;
  • Forty-three leases have been signed for new locations;
  • Sixty-one new units were allocated to franchisees;
  • Raise over $ 120,000 for St. Jude Children’s Research Hospital;
  • Launch of My Suite Store, an E-Commerce site reserved for members. MY SALON Suite is the first to market this program where members can purchase and order products at wholesale rates and have them shipped directly to their homes;
  • Launch of the Smart Start program, a package designed to stimulate the growth of members and beauty professionals. Offers include access to MY Suite Store, free payment processing through Square, educational resources, referral incentives, suite customization, and the ability to give back through the Suite Relief Fund;
  • Ranking 61 in Entrepreneur magazine’s Franchise 500;
  • Ranked 65 in Entrepreneur Magazine’s Fastest Growing Franchise in the World;
  • Ranking 1257 in the Inc. magazine’s annual list 5000;
  • Ranking in Franchise Business Review’s 50 Best Franchises for Women;
  • Ranking in the list of fast and serious franchise times

SOURCE Suite Management Franchising®

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