SALT LAKE CITY, Jan 22: IMAGE Studios, a leader in upscale salon suites, is celebrating a significant milestone after climbing 146 spots in Entrepreneur Magazine's prestigious Franchise 500 list. This recognition highlights the company's outstanding growth and success in the beauty and wellness industry.
Key Points
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Climbed 146 spots in Entrepreneur's Franchise 500 rankings
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Recorded 41 signed agreements and 26 new openings in 2024
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Aims to open 35 new stores with 90% occupancy rates
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Leveraging technology and innovative business model
In just one year, IMAGE Studios has transformed its standing, now ranking at #344 in the 2025 Franchise 500. This impressive leap reflects the brand's strengths in unit growth, financial performance, and brand recognition. The company recorded 41 signed agreements and 26 new openings in 2024, alongside a notable increase in same-store sales for locations launched the previous year.
Empowering Entrepreneurs
Under the leadership of Founder & CEO Jason Olsen, IMAGE Studios has successfully blended innovative salon suite designs with a modern business model, providing franchisees with an exceptional opportunity for both real estate investment and entrepreneurial success. "This recognition is more than a number on a list. It's a chance to celebrate the incredible community we've built and the milestones we've achieved together," stated Olsen.
The brand has expanded into new markets and embraced cutting-edge technology and design in its studios, ensuring its franchisees remain competitive in an ever-evolving industry.
Ambitious Goals for 2025
Looking ahead, IMAGE Studios has set ambitious targets for the coming year, aiming to open 35 new stores and reach new markets. The brand also plans to maintain high occupancy rates above 90% for its established locations and uphold an impressive Net Promoter Score (NPS) of 97, demonstrating its commitment to franchisee satisfaction.
In addition to these goals, IMAGE Studios is enhancing its digital presence with a new franchise development website and integrating AI into its operations to streamline processes and provide additional support for franchisees.
Continued Success and Recognition
With its milestone 100th location scheduled to open in early 2025 and over 200 additional units currently under development, IMAGE Studios is solidifying its position as a scalable and lucrative business model. The franchise's achievements are further endorsed by its recent ranking of #1,062 on the 2024 Inc. 5000 list.
For those interested in discovering more about IMAGE Studios and its franchise opportunities, visit https://imagestudios360.com/ or check out the full Franchise 500 ranking at Entrepreneur.
