--- title: "Franchise Deep Dive: Phenix Salon Suites' Franchise Costs, Fees, Profit and Data" url: https://burnaze.com/article/356a6006-17a3-4e6e-94ff-b194b499a8bc source: "1851 Franchise" original_url: https://1851franchise.com/franchise-deep-dive-phenix-salon-suites-franchise-costs-fees-profit-and-data-2723432 category: "Hair & salon suites" industry: "Beauty & Wellness" segment: "Hair & salon suites" topics: ["Finance & M&A"] published: 2023-08-29T12:07:48.000Z modified: 2026-11-01T02:08:29.708Z image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/189477f952237cb4c44d8cd9ecf447103848.jpg --- # Franchise Deep Dive: Phenix Salon Suites' Franchise Costs, Fees, Profit and Data **TL;DR:** Phenix Salon Suites is a franchised salon suite rental concept with over 400 locations open and in development. The brand was founded in 2007 by Gina Rivera and has been recognized on Entrepreneur magazine's list of fastest-growing franchises for eight years in a row. *originally published in 1851 Franchise on 2023-08-29. [Read the original](https://1851franchise.com/franchise-deep-dive-phenix-salon-suites-franchise-costs-fees-profit-and-data-2723432).* ## Key facts - Over 400 locations open and in development - 95% average occupancy rates - 600% increase in demand from lifestyle professionals ## Story ## Company Overview Phenix Salon Suites is a franchised salon suite rental concept that provides individual salon and lifestyle professionals with their very own private and fully equipped suites within a shared space. Phenix Salon Suites was founded in 2007 by Gina Rivera, who has become a well-known name in the beauty industry. Rivera gained significant notoriety after she appeared on a 2014 episode of “Undercover Boss.” As a result of its offerings, Phenix Salon Suites has been recognized on Entrepreneur magazine's list of fastest-growing franchises for eight years in a row. As of August 2023, there are over 400 Phenix Salon Suite locations open and in development. The brand has open locations in more than 32 states and is currently offering new franchise opportunities throughout the country. Phenix Salon Suites also recently opened its first location in the United Kingdom, and is looking to expand in Canada, Sweden and Ireland. ## Business Model Phenix Salon Suites’ business model is focused on offering independent beauty and wellness professionals with the opportunity to lease private and fully equipped salon suites within a shared facility. Hair stylists, estheticians, massage therapists and tattoo artists then rent these suites to run their own businesses. Each renter has the freedom to personalize their suite and operate independently, allowing them to control their own schedules and pricing. Additionally, for prospective franchise owners, the brand does not require its operators to have prior salon experience but says most of its franchisees come from a business background and are looking for passive income. According to the brand, some of the benefits of owning a Phenix Salon Suite are as follows: - National brand recognition with 330-plus locations - 95% average occupancy rates and a recession-resilient business model - 600% increase in the demand from lifestyle professionals over the last two years - Innovative technology designed to propel lifestyle professionals’ interest in renting with Phenix with a proprietary app created by the founder and industry experts ## Financial Performance According to the brand’s consumer-facing website, the net profit for a salon suite depends on size, location and population. Phenix Salon Suites said in 2021 that the top 50% of its franchisees saw earnings before interest, taxes, depreciation and amortization of $207K while the highest reports were $522K. The initial investment required to open a Phenix Salon Suites franchise ranges between $710,467 to $1,198,282. Interested candidates must also have at least $300K in liquid capital and a minimum net worth of $1 million. The franchise fee required to open a Phenix Salon Suites is $52,500. - Gina Rivera — Founder - Jason Rivera — Chief Executive Officer - Jerry Griffith — Senior Vice President, COO - Brian Kelley — President *Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content. ## Entities - 1851 Franchise (publication) - franchise expansion (topic) - Beauty & Wellness (sector) - Entrepreneur (publication) - canada (location) - franchise costs (topic) - business model (topic) - U.K. (location) - beauty industry (topic) - Phenix Salon Suites (company) - Ireland (location) - Gina Rivera (person) --- Originally reported by 1851 Franchise (https://1851franchise.com/franchise-deep-dive-phenix-salon-suites-franchise-costs-fees-profit-and-data-2723432). Summarized by Burnaze (https://burnaze.com/article/356a6006-17a3-4e6e-94ff-b194b499a8bc).