Suite Properties, LLC
Business:
- InStyle Salon & Spa Suites
Partners:
- Betty Hruska
- Jeff & Karen Hruska
Locations:
- Algonquin, IL
- Bartlett, IL
- Elk Grove, IL
- Palatine, IL
- St. Charles, IL
Founded:
- 2007
Factoids:
- Upscale Salon Suites
- Five Locations
Brother Jeff
Suite Properties was my brother Jeff’s idea. He had been looking for a new business after we sold Shark City Billiards & Sports Bar. The sports bar typically had 40 or more employees, so he hoped to simplify his life in a more streamlined business, with less stress and fewer employees. This search lead him to the business of leasing salon suites to professionals in the salon, spa, and wellness space.
The Salon Suite Business Model
The Salon Suite business model is a fascinating one. Essentially it is a real estate play. We typically buy a mid-sized office or retail condo, split it up into a number of individual fully furnished upscale suites, and then lease them to beauty & wellness professionals who want to start their own businesses.
We truly enjoy the entrepreneurial aspect of this business. First, we feel this is a good business for our own financial well being. Second, each of our tenants has the opportunity to realize their own entrepreneurial dreams by branching out on their own. They have full access to their own suite, set their own schedule, and manage their clients as they see fit. Most importantly, they no longer split their revenue with the salon owner, and this can lead to a doubling of their income!
I was compelled by this business model. It’s an easy sale to make on our end. We even created a Salon Suite Profit Calculator to help them see how leasing a salon suite can increase their income substantially.
Locations
We opened our first location in 2007 in Elk Grove Village, Illinois. Since then we have opened a total of five locations, all branded under the name InStyle Salon & Spa Suites. Our largest location is in Algonquin, IL. Finally we opened another location in St. Charles, Illinois.
A Team Effort
Once again Jeff brought a nifty idea to the table, but it took lots of hard work with our wives Betty and Karen to bring it to reality. Betty again pitched in with her keen eye for design, and Karen keeps us all in balance. We have been financed by 1st Community Bank and Trust in Beecher, Illinois where I have been on the board since 2010. This has truly been a HruskaGroup effort!