What is the average occupancy of My Salon Suite franchised businesses that have been open for 12 or more months?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Unit Maturity | Avg. Occupancy of Franchised Businesses | Number of Units | Avg. Occupancy of Company Owned Locations | Number of Units | Total Avg. Occupancy | Number of Units |
|---|---|---|---|---|---|---|
| Open | 52.6% | 14 | 36.1% | 2 | 50.6% | 16 |
| 0-6 | ||||||
| Months | ||||||
| Open | 86.8% | 244 | 89.7% | 43 | 87.3% | 287 |
| 12+ | ||||||
| Months | ||||||
| Open | 88.4% | 203 | 88.7% | 31 | 88.5% | 234 |
| 24+ | ||||||
| Months |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATION (FDD pages 78–83)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the average occupancy for franchised businesses open for 12 or more months is 86.8%. This data is based on locations open and operating as of December 31, 2024. The average occupancy for company-owned locations open for 12 or more months is 89.7%. The total average occupancy for both franchised and company-owned locations is 87.3%.
For a prospective franchisee, this information suggests that My Salon Suite locations generally achieve a strong occupancy rate after their first year of operation. High occupancy is crucial for generating revenue, as it indicates a larger percentage of suites are being rented to salon professionals. The difference between franchised and company-owned locations is relatively small, which could indicate a consistent business model and support system across both types of locations.
However, it's important to note that these figures are averages and individual results may vary. Factors such as location, competition, and management effectiveness can impact occupancy rates. My Salon Suite also states that the franchisor has relied solely on the information reported by franchisees and has not independently verified these numbers. Prospective franchisees should conduct their own due diligence and consider these factors when evaluating the potential of a My Salon Suite franchise.
It is also important to note that the average occupancy is calculated by dividing the number of suites occupied by the total number of available suites. Occupancy shown is based on reported occupancy as of December 31, 2024. A prospective franchisee should inquire about the factors that contribute to occupancy rates and how My Salon Suite supports franchisees in achieving and maintaining high occupancy.