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Lunatic Fringe

Lunatic Fringe

The total investment to open a Lunatic Fringe franchise ranges from $40,000 to $496,000. The initial franchise fee is $40,000.

What is the Lunatic Fringe franchise?

Lunatic Fringe was founded in 1999 by salon professionals Shawn Trujillo and Angie Katsanevas. The brand began in a 700 square foot salon in Salt Lake City, Utah, and is headquartered at 445 E South Temple, Salt Lake City, Utah 84111. Two years after opening, the founders moved into a space more than twice as large. Four years after launch, they opened a second Salt Lake City location. Lunatic Fringe now operates approximately nine to ten active salons in Utah, Idaho, Ohio, and Tennessee. The latest location, Lunatic Fringe Draper, opened in spring 2024 under franchisees Kati and Reuban. The franchise model was created for entrepreneurs who want established systems rather than an independent start up, while the founders remain involved in brand development and franchise support. The brand has won 8 North American Hairstyling Awards and has appeared in national and international publications. This page provides independent research for buyers assessing the opportunity.

Salon services are often viewed as recession resistant because consumers may reduce discretionary goods purchases before cutting professional grooming and personal care services. Lunatic Fringe operates in the premium salon segment, which benefits from consumer interest in experiences and trusted service relationships. After 2020, clients returning to premium salons showed higher retention rates than customers using discount or value tier providers. The salon market remains fragmented, with independent stylists and small owner operated shops making up most locations nationally. That structure gives a branded concept with documented training and consistent standards a distinct position. As of 2024, the U.S. had over 830,000 franchise establishments employing more than 8.8 million people and generating over $550 billion in GDP. Franchise employment grew 7.3% between 2021 and 2024, compared with 6.7% growth in comparable economic sectors. Premium grooming, color services, and experiential retail support demand for salon concepts with a clear identity and training systems.

The initial Lunatic Fringe franchise fee is $40,000. Total opening investment is stated as $350,000 to $650,000, with costs varying by market, real estate, construction, leasehold improvements, equipment, pre opening staffing, and training. PeerSense records an initial investment range of $40,000 to $496,000, reflecting differences between converting an existing salon and building a new location. This is a commercial salon model, not a home based business, so buyers should account for real estate and tenant improvement costs. Company revenue is reported in the $50 million to $100 million range across the brand. Prior salon or beauty industry experience is not required. For buyers considering SBA financing, salon franchises with franchise disclosure documents and established operating histories are often reviewed for SBA 7(a) financing, and the stated $350,000 to $650,000 investment falls within standard SBA loan parameters. Lunatic Fringe therefore requires a meaningful capital commitment while offering a structured alternative to opening an independent salon.

A Lunatic Fringe salon combines haircuts, color, treatments, retail products, and membership programs. Its tiered stylist structure uses different talent levels and service prices, creating options for new clients while allowing experienced stylists to serve premium guests. Franchisees are expected to help recruit, retain, and develop the team rather than act as passive owners. Training covers cutting, coloring, styling, leadership for franchisees and managers, and continuing education. Ongoing required training supports consistent service quality and reflects the founders' focus on advanced education. Franchisees receive guidance on operations, marketing, hiring, technology, and growth strategy. CEO Jenner Feroah has led the company since 2008, and COO Shalene Smith has 20 years of beauty industry experience. Smith works with salon teams on operational consistency. Memberships and retention programs create recurring revenue potential, and the model is best suited to an owner operator or a highly engaged semi absentee owner.

Public information places company revenue at $50 million to $100 million across approximately nine to ten active locations. Lunatic Fringe focuses on retention, premium prices, memberships, and several service streams, which are intended to support recurring revenue. The spring 2024 opening of Lunatic Fringe Draper indicates continued franchisee activity. Prospective buyers should request unit level information from existing franchisees during discovery day and consult an independent franchise accountant.

Lunatic Fringe has expanded from one 700 square foot Salt Lake City salon in 1999 to a network that had surpassed 10 locations across four states in a January 2019 report. The brand had approximately nine active locations as of January 2026, reflecting a preference for measured growth and cultural alignment. Greg Pugh opened Lunatic Fringe Sharonville, Ohio in June 2013 and took over Lunatic Fringe Liberty Township, Ohio in 2022. Bree Briggs joined the Park City ownership team in 2019, while Cassey Lundell and Kaeslyn Rivera took ownership of Lunatic Fringe Holladay that year. The company has announced plans to expand into additional states. Jenner Feroah became CEO in 2008 after becoming a partner at the Parley's Way location in 2006. The brand's 8 NAHA victories and national and international media coverage support its industry credibility. Its stated advantages include founder led culture, advanced education, several revenue sources, and a reputation as a desirable place for stylists to build careers.

The intended franchise candidate is an entrepreneur with people leadership ability, a focus on team culture, and enough capital to operate a premium service business in a physical retail setting. Salon or cosmetology experience is not required. Angie Katsanevas, who owns three locations, has described the model as a tried and true blueprint for driven entrepreneurs who may lack detailed salon business knowledge. Kati and Reuban's 2024 Draper opening provides a recent example. Franchisees are likely to perform best when they enjoy team building, support employee development, and remain actively involved. The current concentration in Utah, Idaho, Ohio, and Tennessee suggests that these areas have the most developed market infrastructure and peer support. Expansion plans may create opportunities in additional states. Candidates should confirm the franchise agreement term and renewal conditions with the franchisor. Opening timing depends on real estate, permitting, and construction, with a multi month period for training and site preparation.

Lunatic Fringe has a 25 year operating history, founder involvement, CEO Jenner Feroah's leadership since 2008, COO Shalene Smith's 20 years of beauty industry experience, 8 NAHA victories, and an established training program. PeerSense assigns the brand a Loan Activity Score of 59, indicating a moderate franchise performance index and the need to examine unit results and franchisee satisfaction closely. PeerSense offers due diligence information covering SBA lending history, Loan Activity Score details, location maps with Google ratings, FDD financial data, and comparisons with other salon franchises.

Loan Activity Score

59/100

SBA Default Rate

0.0%

Active Lenders

4

According to its Franchise Disclosure Document or public business records, Lunatic Fringe has 5 locations, all owned by franchisees. Public SBA loan records show 4 lenders made 6 loans to franchisees of Lunatic Fringe. PeerSense calculates Lunatic Fringe's score as 59 out of 100, using public SBA loan performance and recent lending activity.

Franchising since 1999 · 5 locations

Investment

$40,000 to $496,000

Franchise Fee

$40,000

Total Units

5

5 franchised

Loan Activity Score
Medium
59
SBA Lending
25
Lender Quality
9
Transparency
4
Reach
4
Momentum
17

Proprietary PeerSense metric

Moderate
Capital Sources
4SBA lenders

Distinct lenders in public SBA records for Lunatic Fringe

6

Total SBA loans

$240K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

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SBA Lending Activity for Lunatic Fringe

Loan Activity Score Breakdown

Emerging (3 to 9 loans)

Medium Confidence
59out of 100
Moderate
Market Momentum17/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence9/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency4/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint4/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

0.0%

vs 10.8% peer avg

SBA Loans

6

Total Volume

$1.4M

Active Lenders

4

2 selective

States

2

vs. SBA Sector Average

+10.8%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (0.0%)

Data Insights

Key performance metrics for Lunatic Fringe based on SBA lending data

SBA Default Rate

0.0%

10.8% below peer avg

SBA Loan Volume

6 loans

Across 4 lenders

Lender Diversity

4 lenders

Avg 1.5 loans per lender

Investment Tier

Mid range investment

$40,000 to $496,000 total

Lunatic Fringe: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2024

3 approvals. The best year on record for Lunatic Fringe.

Top SBA State

Utah

5 SBA financed Lunatic Fringe locations, the densest operator footprint.

Average Loan Size

$240K

Median $184K. Use as a sizing anchor when modeling your own Lunatic Fringe unit.

Lender Concentration

83.3%

Concentrated

Share of Lunatic Fringe approvals captured by the top 3 SBA lenders.

Lunatic Fringe's SBA lending pipeline peaked in 2024 (3 approvals). The last five fiscal years account for 83% of cumulative volume ($1.3M approved). Operator density is highest in Utah with 5 SBA financed locations. Average funded ticket sits at $240K, with the median at $184K. Lender mix is concentrated: the top three SBA lenders account for 83.3% of approvals. Credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$32K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$414

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Lunatic Fringe, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Lunatic Fringe

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman