MY SALON Suite Accelerates Expansion with Another Six-Unit Acquisition, Demonstrating Commitment to Strategic Growth

News provided by

Oct 25, 2023, 10:15 ET

As the brand surpasses 300 locations, salon suite franchise acquires six Cirque Salon Studios

CARROLLTON, Texas, Oct. 25, 2023 /PRNewswire/ -- MY SALON Suite, a salon suite franchise that focuses on providing stylists and beauticians a personal space to build their business and the beauty industry's future, announced today its acquisition of six Cirque Salon Studios in Charleston, South Carolina, continuing its aggressive new growth strategy as the brand surpasses 300 locations.

MY SALON Suite's strategic purchase of the six Cirque Salon Studio Charleston locations marks the second major acquisition in less than two months for the brand following the recent acquisition of six salons in Reno, Nevada.

Founded in Charleston in 2008, Cirque Salon Studios is a salon suite franchise with locations across South Carolina, Virginia and Florida. The Charleston salons, which will rebrand as corporate MY SALON Suite locations, join two existing brand locations in the area to bring the MY SALON Suite footprint in the market to eight salons.

"MY SALON Suite's acquisition of Cirque Salon Studio's Charleston locations represents a significant opportunity for the advancement of our salons, both for our beauty professionals and their loyal customers," said David Manzi, founder of Cirque Salon Studios. "Cirque Salon Studios has grown tremendously since our inception, and entrusting the future of these six locations to MY SALON Suite aligns perfectly with the salons' continued development. I'm thrilled the MY SALON Suite team will implement its exceptional resources and expansive network to continue the success of the Charleston-area locations."

As the brand surpasses 300 locations, MY SALON Suite is continuing an aggressive growth strategy with the acquisitions of 12 independent salons so far this year. In addition, the brand is on pace for a record year of franchise development with multi-unit agreements and conversions of independent salons. Through targeting acquisitions in strategic corporate markets and franchisee conversions, MY SALON Suite will continue its mission to dominate the salon industry and accelerate the growth of its footprint across the country.

"MY SALON Suite has seen tremendous franchise growth throughout 2023, and expanding our corporate presence is the logical next step in facilitating continued development," said Mark Jameson, chief development officer of MY SALON Suite parent company, Propelled Brands. "The addition of these outstanding salons to our portfolio underscores the strength of our network and resources. Continued acquisitions and conversions will be instrumental for both franchise and corporate locations, with corporate development allowing us to build a blueprint of the process for franchisees to capitalize on, ultimately amplifying our growth potential."

The initial investment for a MY SALON Suite franchise is approximately $823,344 – $2,241,800, including a $50,000 franchise fee. Investment is typically lower for independent salon suite operators wishing to convert and receive the brand benefits. Ideal candidates have a net worth of $1.5 million, of which $500K is liquid. 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.

For more information about MY SALON Suite franchise and conversion opportunities, visit https://www.mysalonsuite.com/franchise, or contact Mark Jameson at [email protected] or 214-346-5679.

About MY SALON Suite

MY SALON Suite is a salon suite franchise designed for individuals with an entrepreneurial spirit who are interested in diversifying their portfolio while enjoying a semi-absentee lifestyle. The company was established with the aim to inspire and empower the modern-day salon owner, providing a unique opportunity for a diverse range of beauty and health professionals to successfully manage their businesses. MY SALON Suite members are provided with ongoing training, support, and a robust referral network to bolster their business growth. The brand, which is ranked #66 on Entrepreneur's Highly Competitive 2023 Franchise 500® List, is widely recognized for its rapid expansion and significant success.

A strategic alliance partnership with Propelled Brands has allowed the nation's largest family-owned collection of salons to fuel the brand's growth. Currently, MY SALON Suite boasts over 330 locations in 35 states across the United States and Canada, with 165 franchisees and over 8,500 Suite Elite Members. The franchise concept plans to continue its expansion in the coming years.

To learn more about MY SALON Suite, visit mysalonsuite.com.

SOURCE MY SALON Suite