Question 1

How much does it cost to open a Phenix Salon Suites franchise?

Accepted Answer

The total initial investment for a Phenix Salon Suites franchise ranges from $721K to $1.4M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Phenix Salon Suites franchise fee?

Accepted Answer

The initial franchise fee for Phenix Salon Suites is $53K.

Question 3

What are the net worth requirements for a Phenix Salon Suites franchise?

Accepted Answer

Net worth requirements for Phenix Salon Suites are specified in the Franchise Disclosure Document.

Question 4

Does Phenix Salon Suites require a personal guarantee?

Accepted Answer

Yes, Phenix Salon Suites requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Phenix Salon Suites franchise?

Accepted Answer

Equipment costs for a Phenix Salon Suites franchise range from $58K to $134K. Initial inventory costs range from $15K to $20K.