SOLA SALON STUDIOS ACCELERATES U.S. EXPANSION AMID YEAR OF RECORD GROWTH
Sola Salon Studios, the world’s largest and fastest growing salon studios franchise, announced today the signing of 17 franchise development agreements that will expand its presence in 14 key states across the U.S., including Illinois, Arizona, Texas, New York, California and Florida.
These new signings will bring 44 new Sola locations nationwide over the next several years and come on the heels of the eight development deals that Sola announced this August, emphasizing the brand’s aggressive domestic franchise development plans. Year-to-date, Sola has opened 54 new locations across North America and signed more than 25 franchise development agreements with both new and existing franchisees.
“The growth we have experienced this year in spite of all the challenges the pandemic brought to our industry reflects the strength of our business model and the resilience of our franchise opportunity. All of our 2020 signings, with the exception of just one, have come after the mandated closures of salon businesses earlier this year, serving as a true testament to that,” said Christina Russell, CEO of Sola Salon Studios.
“As we gear up for a new year ahead, we feel proud to welcome so many new franchisees to the Sola brand and that many of our existing owners are continuing to grow with us following these unprecedented times.”
Alongside these recent signings, Sola Salon Studios opened 16 new locations in Texas, Pennsylvania, Virginia, New York, Maryland, South Carolina, Tennessee, Georgia, Illinois, New Jersey and Delaware over the past three months. The brand plans to open seven additional locations before the end of 2020, closing out the year with 548 salons open and operating.
Sola Salon Studios leads the largest segment within the $64 billion salon services market, more than doubling in size in the last five years, and was named the salon suites category leader on Entrepreneur magazine’s prestigious and highly competitive 2020 Franchise 500 ranking of the top franchise opportunities. Each of Sola’s salon studios features a collective of 20-40 boutique, move-in-ready salon suites all under one roof where hair stylists, estheticians, nail technicians and massage therapists can each individually operate their own businesses without the risk and hassle of traditional salon ownership. As the most dominant brand in the segment, Sola Salon Studios has created a turnkey solution for beauty professionals to explore a better life as an entrepreneur, and has led the way as the largest and fastest growing salon studios concept.
Sola is driven by its desire to use real estate to help aspiring business owners achieve their dreams and is looking for franchisees who feel the same way. The brand is actively seeking qualified candidates to help grow its brand footprint throughout the U.S., Canada and beyond.