Hair Saloon, which first opened its doors in St. Louis 20 years ago, will open a new location in Richmond Heights in March.
Kristen and Mike Swearngin are Hair Saloon’s newest franchisees and will operate the Richmond Heights location, 6674 Clayton Road, owned by an entity tied to the Desco Group.
Terms of the deal were not announced, but it costs $223,600 to $304,900, including a $35,000 franchise fee, to open a Hair Saloon, according to its website. A royalty fee of 6 percent is also charged.
“With many Hair Saloons located in suburban areas, we are excited for the opportunity to open one closer to the core of the St. Louis region,” Mike Swearngin said in a statement. “We’ve always admired Hair Saloon’s model and values, and we are looking forward to operating a location of our own.”