Radiance Holdings has announced a successful Q1 with the strong performance of its two flagship brands, Sola Salons and Woodhouse. Both signed considerable franchise agreements to expand both domestically and internationally.
Sola Salons took its momentum from 2021 into 2022, and opened 13 locations across Arizona, California, Colorado, Pennsylvania and Florida in Q1 of 2022. The brand also purchased 20 existing franchise locations to add to its corporate portfolio, which now comprises 59 units, with one in development.
Sola’s remarkable growth and compounding success is a reflection of its 17-plus years of industry expertise and longstanding reputation as the category leader, truly paving the way as the original salon suites franchise, supporting a community of over 18,000 independent beauty professionals. The brand’s strong first-quarter performance has set the foundation for the remainder of 2022, which is projected to be one of its best years yet,” said Christina Russell, CEO of Radiance Holdings.
“Both Sola and Woodhouse have successfully carved out unique niches in the increasingly competitive self-care market, positioning them for significant future growth that we’re excited to witness in the years to come.”
The luxury spa concept, Woodhouse, is on track to open eight locations this year.
“Woodhouse provides an immersive experience with unmatched quality that makes it an accessible destination for consumers in their local community while offering franchisees diverse revenue streams and strong unit-level economics,” said Russell.
“Coming out of the pandemic, there is tremendous latent demand for the services Woodhouse offers making it a very exciting time to be part of the brand’s promising future.”