Entrepreneur Names Leasecake Top Franchise Supplier | Sola Salons Selects Leasecake as Location Management Platform
Sola Salon Franchise, the nation’s largest and fastest-growing salon studio franchise, has partnered with Leasecake, an Orlando, Florida-based commercial real estate automated leasing platform. Leasecake is now the system-wide solution for managing everything related to unit management across Sola Salon’s 700+ franchise locations. This partnership is part of Sola Salon’s commitment to providing franchisees with the best tools to manage their businesses effectively.
For Sola Salons franchisees, managing lease agreements, location-based responsibilities, and critical business dates can be challenging when using disconnected systems. Leasecake, however, offers a centralized platform that serves as the sole source of truth for all parties involved in a lease transaction. This is crucial for Sola Salons franchise operations, ensuring both the franchisor and franchisees remain organized and avoid costly oversights.
Why Choose a Sola Salon Franchise?
Sola Salon Studios has empowered more than 20,000 beauty professionals by offering them an opportunity to own and operate their salon without the high overhead of a traditional setup. The Sola Salon franchise model is attractive due to its flexibility and support structure, allowing franchisees to manage multiple or even single-unit locations efficiently. Franchisees also benefit from the advanced tools provided by partners like Leasecake, which keeps them on top of mission-critical, time-sensitive events.
Olivia Morales, Director of Technical Operations at Sola Salon Studios, highlighted Leasecake’s value: “Leasecake had all the features we needed right out of the box and provided immense value for us as a franchisor and for our Sola Salon franchisees.”
How Much Does a Sola Salons Franchise Cost?
If you’re considering investing in a Sola Salon Studios franchise, it’s important to understand the financial requirements to get started. According to Franchise Gator, a Sola Salon franchise requires a liquid capital of at least $500,000. The total investment varies depending on several factors, such as the location, size of the studio, and any additional customizations, with estimates ranging from $532,282 to $1,715,682.
This investment covers key expenses like the franchise fee, initial construction and build-out costs, equipment, training, and opening inventory. It’s important to note that Sola Salon Studios provides significant support to its franchisees, including help with site selection, lease negotiations, and operational training, which adds value to the franchise model.
In addition to third-party financing options that are available to many franchisees, Sola Salons offers a 10% discount on the franchise fee for veterans, making it a more accessible opportunity for those who have served in the military. This incentive aligns with Sola’s commitment to empowering entrepreneurs from diverse backgrounds.
Why Sola Salons an Ideal Franchise Opportunity
For aspiring entrepreneurs, the Sola Salon franchise offers a well-established brand, consistent growth, and a proven business model. Sola is not just a beauty industry leader but also a pioneer in helping independent beauty professionals thrive. Whether it’s owning one location or scaling up to multiple units, Sola Salons franchise support ensures that owners have the tools they need, including efficient location-management platforms like Leasecake, to succeed.
Taj Adhav, CEO and co-founder of Leasecake, expressed enthusiasm about the partnership, saying, “Sola Salons is such an innovative, forward-thinking company, and they’re leading the way in terms of how franchisors help franchisees thrive and grow.”
Taj Adhav
Taj Adhav is the Founder of Leasecake, an award-winning real estate management platform. With experience in accounting, Disney Imagineering, and tech, Taj simplifies location management for multi-unit operators in the retail and restaurant industries.
