Dominic Santacaterina
Raleigh, NC (USA)
Role(s):
Founder/Owner/Principal
A Suite Salon
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Startup
Location:
Raleigh
Industry:
Retail/Clothing
Year Founded:
2006
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
A Suite Salon, founded in 2006, offers luxury salon suites, or mini salons, to experienced salon professionals. These professionals operate their suite as an independent business enabling them to set their own schedules, establish their menu of services, sell retail product, personalize the space to suit their own taste, and keep all profits.
Each professional is required to carry appropriate licenses for their services and business as well as professional and general liability insurance.
Each professional is bound by an annual lease granting them non exclusive use of the suite space for their buisness. Lease charges are done automatically each week.
A Suite Salon operates company stores in Illinois, North Carolina, and Florida.
A Suite Salon is a registered national franchise with franchise stores located in Florida and Texas
Locations average 25-30 suites and will typically have 95%-100% occupancy with several stores above designed capacity.
A Suite Salon's principals have a combined 90 years experience in real estate development and management.
A Suite Salon is currently seeking new locations in NC, FL, IL, TX, TN, CO, and CA.
A Suite Salon is searching for $500,000 to $2.5mil in growth capital to assist with the initial build out of new store locations and would consider debt arrangements, equity investors, or a combination of both to achieve growth goals. Given the growth targets the capital would be fully vested within 6 to 18 months.