Owning a cobia
What makes a cobia owner successful?
A Successful COBIA Salon + Store is fueled by the same focused strengths… Our people and our commitment to creating a warm, welcoming, luxurious and memorable salon experience for all our guests. To achieve this, our salon owners focus on 7 pillars of their business that are the proven keys to running healthy, happy and profitable salons.
Your journey to salon ownership
Now that you’re interested in becoming an owner with COBIA, simply submit an inquiry to start your journey!
After your inquiry has been received, one of our COBIA team members will be in touch to provide you with our COBIA Owner Application Form so we can get to know you a bit better before arranging our first discussion.
Once your application has been received and reviewed, we will get in touch to let you know about the next steps. If you are a successful applicant, we will book a time to discuss your application in more detail and answer your questions too!
Having completed the interview phase successfully, we will invite you to come join us for a discovery day in Kelowna, BC at our Support Office. This is a great opportunity to learn even more about the brand, our systems and meet all the people who will be supporting you as you become a COBIA salon owner.
Now that you have completed all the phases of the journey to ownership, our team will discuss how awesome you are, and make our final decisions about awarding you a COBIA Salon + Store. Once approved, we will let you know how excited we are for you to join our team!
Investing in your future
INVESTING IN A COBIA SALON
The cost to build your very own COBIA Salon + Store typically averages between $750,000- $850,000. Once we have identified your salon site, negotiated the lease, and have fully inspected the location, we will provide you with a more accurate estimate for your salon build out cost.
To financially qualify for a new COBIA Salon + Store, interested parties must have access to approximately $200,000 in unencumbered cash and $100,000 in working capital. These funds can then be coupled with bank financing to fund the rest of the required investment.
COBIA’s business model was designed with multi-unit ownership in mind, we fully support and encourage our salon owners to reach for the stars and fulfill their multi-unit dreams.
Many COBIA Salon + Store owners will start with one salon location. Through embracing COBIA’s business model, support structures, cost controls and culture you can create a financial foundation, allowing you to grow into multi-unit ownership.
We support your success
Our team here at COBIA strongly believes that our success is fully dependent on the success of our business owners. In fact, it’s the whole reason we identify as a “support” office and not a “head” office. We are passionate about seeing you succeed as a salon owner, which means providing you with the systems, tools and training that you need. We will provide you with:
Frequently Asked Questions
The simple answer is no. Our Business Partners come to us from a wide range of backgrounds and industries. We look for leadership experience and a solid understanding of the importance of operational excellence. We couple that with all the tools and training you will need to succeed.
Extensive research is completed by COBIA’s Ownership and Leasing department to determine the most optimal locations. The research process includes consideration of market demographics along with success of other retailers in the trading area.
COBIA’s support office manages the design, construction, inventory and equipment processes. It is highly important to COBIA’s organization that we only work with specific vetted and approved contractors. Throughout the whole process, we continuously engage with each owner, up to and including assisting with staffing and training.
COBIA Salon + Stores can operate successfully in power center/street front and mall locations.
COBIA salons located inside major regional shopping centers must follow mall hours. Franchises inside big box power centers are generally open Monday to Friday, 9am to 9pm, Saturday 9am to 6pm and Sundays from 11am to 6pm.
Complete the inquiry form and submit it to us. Following your application, a representative will contact you to begin the qualification process.
We operate our own Distribution Centre located in Kelowna, BC, where most of our products are supplied to each of our salons directly using preferred vendors.
The level of income that you will earns is dependent on a number of factors, including your level of involvement in the operation, sales performance, cost controls, fixed overhead, location and market.
The combined costs associated with opening a Cobia Salon Location varies dependent on the size of the location and market conditions. The average Cobia Location will cost between $650,000 and $750,000.
The COBIA Ownership Fee is $40,000. 5% of your gross sales are collected as a royalty fee and 2% is collected and redistributed towards brand development programs.
Of course! Contact us for more details on multiple locations.
Submit an Inquiry
Fill out the form below!