Image Studios - Franchise
IMAGE Studios® is an exclusive franchise that provides modern, high-end studios at affordable rates to IMAGE Pros. Our core values of CREATIVITY + FREEDOM + SUCCESS™ constitute the driving force that empowers us collectively and embodies all that we do as professionals in this industry. Our studio rental business model aims to improve the communities we live in through the creation, support, and growth of independent business owners across the country. Our concept is simple: we provide an incredible space, atmosphere, and support network and our IMAGE Pros bring their passion, talent, and clientèle to their space. Together, we create an intoxicating formula for success.
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $500,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $1,000,000 What does Net Worth mean? |
| Franchise Fee: | $49,750 What does Franchise Fee mean? |
| Total Investment: | $555,387 - $1,236,840 What does Total Investment mean? |
| Royalty Fee: | 7.5% includes BDF |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | Yes |
Franchisor Details
Facts about this franchise:
| Total Units: | 23 Open, 83 in development |
|---|---|
| Home Office: | Salt Lake City, UT |
| Year Founded: | 2010 |
| Franchising Since: | 2015 |
What Does an Image Studios Franchise Cost?
To buy a franchise with Image Studios, you'll need to have at least liquid capital of $500,000 and a minimum net worth of $1,000,000. Franchisees can expect to make a total investment of $555,387 - $1,236,840. Image Studios charges a franchise fee of $49,750. They also offer financing via 3rd party as well as a discount for veterans. *
About Us
IMAGE Studios® is a nationwide franchise brand with a real estate model that is revolutionizing the future of the salon industry. We aren't the typical real estate investment - our business model produces a Return on Investment ROI) at 34%+ compared to commercial real estate at 10%> ROI. We create opportunities for young entrepreneurs in the health, wellness, and beauty industries with our modern and luxurious individual business studio-suites. Our entrepreneurs build their businesses with us to avoid the traditional route of operating a brick and mortar location with employees to manage and excessive overhead.
Features of This Business:
- SEMI-ABSENTEE
- NO NEED TO OWN REAL ESTATE
- NO HEALTH & BEAUTY EXPERIENCE NEEDED
- NO EMPLOYEES TO MANAGE
- WE’RE THE LUXURY BRAND OF THE INDUSTRY
- OPEN MULTIPLE LOCATIONS QUICKLY
- TURN-KEY BUILD OUT PROCESS
- ROBUST ONBOARDING TRAINING PROGRAM
- MONTHLY ON-GOING COACHING & SUPPORT
- RECESSION AND PANDEMIC RESISTANT
How it Started:
In 2009, Jason Olsen saw the potential to disrupt the traditional salon industry with a new and innovative business model that would change the way established salon professionals owned and operated their businesses. After many late-night meetings, phone calls, road trips across the country (and sketches on who knows how many napkins), IMAGE Studios® was born. He teamed up with his brother Shaun, and engaged the help of industry pro, Megan Oviatt to help create the first IMAGE Studios® located in Draper, Utah. As IMAGE Studios® continued to develop and grow, we quickly identified our core values of creativity, freedom, and success. There is an entire universe filled with values, but these core values truly embody everything we do at IMAGE Studios®. They guide our company and define our culture, they help explain why we do business the way we do, they guide us in making decisions, and they articulate what we stand for. These core values resonate with each person who is part of the IMAGE Studios® family, which is why we find such a close connection with each of our salon professionals.
What Experience Do I Need?
The right candidate for an IMAGE Studios® franchise is someone who enjoys being on the cutting edge and wants to be first at a whole new look in an emerging industry with tremendous growth potential. Our brand is pioneering a new look and business model that is changing the salon industry from the inside out, and we’re looking for people who want to take this incredible concept to select markets across the country.
Those who may not be familiar with the beauty industry or have extensive business management and ownership experience are not excluded from our selection process. Most of all, having excellent people skills, organizational skills, and the desire to help others succeed is critical. We have the right system to help any of our new franchisee experience success as an IMAGE Studios® operator. From the very beginning, our core values have been CREATIVITY + FREEDOM + SUCCESS. These core values are critically important to us and we only seek individuals who possess those same values. Together we can create an intoxicating formula for success.
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Awards
Image Studios has received the following awards and acknowledgements:
Franchise Gator Top 100 (2016); Franchise Gator Fastest Growing (2017); Franchise Gator Top Emerging (2021, 2017)
Availability
Image Studios is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $500,000 in liquid capital to invest.
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