As of December 31, 2023, how many franchised My Salon Suite locations were in operation?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
SMF operates a franchising business that provides others with the opportunity to operate a salon suite business, serving as a property owner and business consultant to health and beauty professionals, renting private individualized space to the professionals. SMC operates companyowned salon suite properties. As of December 31, 2023, there were 274 franchised locations and 44 corporate locations in operation. As of December 31, 2022, there were 231 franchised locations and 31 corporate locations in operation.
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, as of December 31, 2023, there were 274 franchised My Salon Suite locations in operation. Additionally, there were 44 corporate-owned locations open at that time.
This information is useful for potential franchisees to understand the current scale and mix of franchised versus company-owned My Salon Suite locations. Knowing the number of existing franchised locations can provide insight into the brand's market penetration and growth trajectory. A higher number of franchised locations may indicate a more established brand with a proven business model.
The document also states that as of December 31, 2022, there were 231 franchised locations and 31 corporate locations in operation. This shows an increase in both franchised and corporate locations from 2022 to 2023, which could be a positive sign of growth for the My Salon Suite brand.