Start a Image Studios Franchise in 2024

2024 Franchise 500 Rank: #490 Not ranked last year

Initial investment: $868K - $1.7M

Units as of 2023: 60 172.7% over 3 years

With a variety of designs, Image Studios is a designer and operator of hair salons. Image Studios may be known for its luxurious spaces that allow stylists and clients to thrive. Their store designs include glass storefronts, LED lighting, high exposed ceilings, and stained concrete. Their floor plans may be innovative, modern, and conducive to hair styling workflow so creators and clients alike can sit back and enjoy the hairstyling process while their hair processes.

Founded in 2010, Image Studios started its journey in Utah, and with more than a dozen locations in the United States, your Image Studios franchise could be next.

Why You May Want to Start an Image Studios Franchise

Image Studios is looking for franchisees dedicated to outstanding service. They should also be hungry for success and enjoy having fun. The ideal candidate is resourceful, timely, dedicated, and persistent. If this tenacious spirit of ingenuity sounds like you, opening an Image Studios location may be a worthwhile endeavour.

Image Studios has purposefully designed its suites and businesses to give franchisees the freedom to operate their store. While Image Studios gives their franchisees freedom, they also provide marketing materials and industry training to assist your franchise as it grows in your community. Image Studios will strive to offer you all the support you need, up to and including after you open your franchise.

What Might Make an Image Studios Franchise a Good Choice?

Image Studios saw how traditional salons operated and seized the opportunity to disrupt the ecosystem by reinventing how hair is dyed. They believe everything is about image, and strive to act like it, treating their customers well. Image Studio is constantly evolving to ensure its designs and suites are up to date with the latest trends in an effort to allow your clientele to keep coming back for years to come.

Opening an Image Studios franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

Image Studios may offer you the opportunity to run your business as an absentee owner, potentially giving you the chance to spend more time doing what you want to do.

How To Open an Image Studios Franchise

To be part of the Image Studios team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

Before making any financial commitment or signing an agreement with Image Studios, you should perform your due diligence and establish if this is the right opportunity for you. Research the brand and your local area to see if an Image Studios franchise would do well in your community.

You may also want to speak to existing franchisees and ask the Image Studios team any questions as you explore the brand and begin the franchising process.

Company Overview

About Image Studios

Industry	Personal-Care Businesses
Related Categories	Salon Suites, Miscellaneous Business Services, Hair Care, Miscellaneous Personal-Care Businesses, Salon & Spa Services
Founded	2010
Leadership	Taylor Lamont, COO
Corporate Address	1370 S. 2100 E. Salt Lake City, UT 84108
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since	2015 (9 years)
# of employees at HQ	11
Where seeking	This company is offering new franchises in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	60 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Image Studios franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$64,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$868,150 - $1,747,220
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$1,500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$750,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5.5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Image Studios has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training	30 hours
Ongoing Support	Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes