If you’ve been contemplating investing in a franchise, 2024 is shaping up for a strong year for investors looking to add a salon suite industry winner to their portfolio. Here is how Phenix franchisees are unlocking growth heading into 2024:
Lean and Efficient Employee Model
In today’s ever-evolving job market, finding and retaining a skilled workforce is tougher than ever. Phenix Salon Suites takes a different approach, offering a business model that requires only one part-time employee. Compared to other franchise concepts which can often require 30+ employees, you can place resources in other areas beyond staffing your business and maximize profitability and efficiency on the franchise level.
High Professional Retention Rate
Beyond our employee model, Phenix has long been an attractive brand for established salon professionals looking to advance their careers. Our franchisees have consistently filled their salon suites, using our cutting-edge facilities, technology and support. The demand for salon services remains strong, making it an opportune time for you to tap into a retention leader within the industry.
Strategic Timing with Potential Interest Rate Decrease
With talks of the Federal Reserve potentially decreasing interest rates in 2024, exploring development opportunities with Phenix Salon Suites can put you on the path to unlocking growth more quickly and getting in at a time when rates are lower but construction costs haven’t increased drastically due to developers rushing the market once rate decrease.
Exciting Prospects for Growth
As a top salon suite concept in the marketplace, Phenix offers a proven and successful model that provides you with a solid foundation for growth and profitability.
Don’t miss out on the opportunity to be part of a brand that not only adapts to market dynamics but also positions you for success in a changing economic landscape. For more information about franchising with us, connect with our franchising team today.