FranchiseVerdict
THE LOOK SALON SUITES logo
FV-02670·CAUTIONExcellent91

The Look Salon Suites

Personal Services - Beauty & SalonFranchising since 2023Website
Investment
$940K – $1.2M
95th pct Beauty & Salon
Avg revenue
$317K
7th pct Beauty & Salon
Royalty
Units
2
9th pct Beauty & Salon
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $940K – $1.2M including a $55K franchise fee.
  • Average unit revenue of $317K/year. Estimated payback in 7.8 years.
  • Rated CAUTION with a risk score of 70/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
  • Emerging franchise — only 3 years of franchising with 2 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
TLSS FRANCHISE SYSTEM, LLC
Incorporated in
Delaware
HQ
11010 Lake Grove Blvd, Suite 100-316, Morrisville, NC 27560
Auditor
Metwally CPA PLLC
Audited financials
Franchisor revenue
$19K
Most recent fiscal year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one THE LOOK SALON SUITES unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $317,213
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $940K–$1.2M
Working capital
$
FDD reports $20K–$20K

Unlevered ROIC · per unit

6%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$70K
EBITDA margin
22.0%
Total invested
$1.1M
Payback
187 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 THE LOOK SALON SUITES units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$952K

on $4.8M purchase

Total debt

$3.8M

SBA $2.4M + senior + seller note

Overview

About

Franchisees operate upscale salon suite rental facilities, leasing individual beauty/wellness stations to independent contractors (estheticians, nail technicians, hairstylists). Daily operations include tenant acquisition and retention, facility maintenance, scheduling, payment processing, and salon suite upkeep to attract premium service providers.

CEO
Hardik Raval
Founded
2023
FDD year
2024
States available
1

Item 7 · what it costs

The Vitals

Total investment
$940K – $1.2M
All-in to open one unit
Liquid capital
$20K – $20K
Cash you must have on hand
Franchise fee
$55K
Royalty
Greater of $1,000 per month or 5.5% of monthly Gross Reve…
Ad fund
2.0%
typical 3–5%
Total fee load
7.5%
vs 9–13% typical
Payback period
7.8 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$317K
Per unit, per year
Median gross sales
Item 19 type
Profit and Loss
Sample size
1 units
vs category median 34 · small
Transparency
6 / 5
vs category median 4 / 5 · above
Revenue rank7th
vs Personal Services - Beauty & Salon peers
Investment cost rank95th
Lower investment ranks lower (better)
Royalty rate rank77th
Lower royalty = lower percentile (better)
Unit count rank9th
vs Personal Services - Beauty & Salon peers
Risk score rank74th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
2
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
50%
vs corporate-owned
2022
1+1
Franchised units
2023
0
Franchised units
2024
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 20 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 20 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
1
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

70
Risk · 0-100
CAUTION70 / 100

Nascent salon suites concept with only 2 units, unverified financial claims, and high capital requirements presents substantial execution and verification risk despite absence of litigation.

Score breakdown · what drove the 70 / 100 rating

  1. 01MEDOnly 2 operating units with unknown growth trajectory indicates extremely limited system scale and unproven replicability
  2. 02HIGHItem 19 financial performance data absent (no going concern statement) — cannot independently verify claimed $136,666 average net income or $317,213 revenue figures
  3. 03MEDHigh initial investment ($940k–$1.19M) paired with only 2 comparable units creates severe due diligence risk and limited peer benchmarking
  4. 04MINORRoyalty structure (5.5% of gross revenues or $1,000/month minimum) equals ~$1,500–$1,800/month on average unit, consuming 13–16% of stated net income
  5. 05MINOR10-year franchise term with $55,000 upfront fee suggests franchisor prioritizes front-loaded revenue over unit profitability
  6. 06HIGHNo disclosed litigation is positive, but minimal unit count makes this statistically unreliable as a safety indicator

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
North Carolina

Item 11

Training & Operations

Classroom training
22 hrs
On-the-job training
0 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

23 numbers

Locked
(608) 266-••••
WI
(517) 241-••••
MI
(360) 902-••••
WA

One-time purchase · CSV download · Validation questions included

FDD download

THE LOOK SALON SUITES · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above