Sola Salons has announced the successful purchase of 10 units in Virginia, and another 10 in Baltimore, Maryland and Greater Washington D.C. Metro area from former Sola franchise owners. The newly acquired units will be integrated into the home office’s portfolio of 59 corporate-owned studios.
The 10 locations in Virginia were developed and operated by a franchise group led by Jim Debolt, Jeff DeBolt and Long Ngo. The group grew the brand across Virginia over the last decade, and established a successful operation at each location.
The 10 units across Baltimore, Maryland and Greater Washington D.C. Metro area were purchased from owners and operators Jim and Roxy McEvoy, who have been with the Sola brand for eight years.
The newly-acquired 20 units will be managed by the corporate unit operational team under Jeremy Tebo, vice president of corporate operations at Sola Salons.
“This large transaction shows the strength and demand for our business at the unit level,” said Christina Russell, CEO of Sola Salons.
“We have built a scalable team structure to prepare for this growth and couldn’t be more excited to be counted among the largest franchisees in the Sola system. We look forward to sharing the knowledge we gain from this experience.”
Sola Salons continues to grow across North America with new franchise agreements and corporate acquisitions. Same-store revenue and occupancy have climbed too, and over 7,000 stylists joined the brand in 2021.
“Through this acquisition, we have firmly established our East Coast corporate operations presence,” said Jordan Levine, chief operating officer of Sola Salons.
“We now have 59 open locations, with one under development, across four core markets in Denver, Orange County, Sacramento, Virginia and Maryland, and we look forward to continuing to develop in these markets.”
