Sola Salon Studios FDD – Franchise Information, Costs and Fees
Type of Business
As a Sola Salons franchisee, you will operate a franchised business that licenses individual turn-key salon studios to independent salon professionals under the “Sola Salon Studios” and “Sola Salons” trade name and business system.
Sola Franchise, LLC is a Colorado limited liability company formed on January 2, 2018. Their principal business address is 300 Union Boulevard, Suite 600, Lakewood, Colorado 80228.. They began offering Sola Franchises in February 2018. Their predecessor and parent, Sola Franchise Corporation n/k/a Let’s Ride Corporation was incorporated under the laws of Colorado in March 2005. Its principal place of business is 8 Sunrise Drive, Cherry Hills Village, CO 80113. SFC offered Sola Franchises from March 2005 until December 31, 2017.
The total investment necessary to begin operation of a Sola Salons franchised business ranges from $808,143 to $2,134,517. This includes between $55,222 to $63,722 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Sola Salons multi-unit development business ranges from $1,581,286 to $4,434,034. This includes the development fee, which ranges from $20,000 to $220,000 based on the number of units to be developed in addition to your initial unit, and between $55,222 to $63,722 in connection with your initial unit as noted above, that must be paid to the franchisor or its affiliate(s). You must purchase a minimum of two units to begin a multi-unit development business. If you execute a multi-unit development agreement, you will be required to execute a franchise agreement concurrently therewith.