SOLA SALONS
Sola Salons franchises enable operators to develop and manage facilities that lease individual turn-key salon studios to independent beauty professionals, such as hairstylists, nail technicians, estheticians, and massage therapists. Franchisees lease or purchase commercial space ranging from 4,200 to 9,000 square feet, convert it into private studios (typically 8x12 feet), and provide services including maintenance, wireless internet, marketing, events, and salon management. The business model targets salon professionals seeking flexible, fully-equipped private workspaces in a competitive beauty and wellness industry.
Franchise Costs
5.5% royalty (min $500/mo) + 1.5% national marketing fund + $99/mo property management software + up to $250/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 625 franchised Sola Salons locations that met the 2024 Reporting Criteria as of December 31, 2024.
* Average gross revenue, median gross revenue, highest in range, and lowest in range are extracted directly from the 'FRANCHISED SOLA SALONS AVERAGE AND MEDIAN GROSS REVENUE FOR 2023 AND 2024' table for the year 2024 on page 5. 'Highest in Range' is used for revenue_top_quartile and 'Lowest in Range' is used for revenue_bottom_quartile as the best available proxies for top and bottom performance respectively. No explicit net income, net profit, or EBITDA data was provided.
Extracted Item 19 Section
How SOLA SALONS Compares
Key Insights
- Higher investment than 100% of Property Management franchises
- #1 largest franchise system in Property Management
- Lower than average SBA loan default rate in Property Management
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
SOLA SALONS Current | $1.2M – $1.9M | $60K | 5.5% | 660 |
| ALL COUNTY | $86K – $118K | $59K | 7.0% | 78 |
| Home Smiles | $153K – $200K | $60K | 6.0% | 77 |
| GRAND WELCOME | $68K – $170K | $49K | 8.0% | 62 |
| Keyrenter Property Management | $116K – $241K | $50K | 7.0% | 58 |
| SKYRUN; SKYRUN VACATION RENTALS | $105K – $154K | $55K | 5.0% | 41 |
Property Management Average 12 franchises | $214K – $405K | $41K | 6.5% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 12 Property Management franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+31 more states
SBA Loan History
Historical SBA 7(a) loan data for SOLA SALONS franchisees (2010 – 2019)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
1,011 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
1,011 Contacts Available
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Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a SOLA SALONS franchise ranges from $1,181,960 to $1,939,349. This includes a franchise fee of $60,000. Ongoing royalty fees are 5.5% of gross sales.
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