When is the My Salon Suite Development Fee due, and to whom is it paid?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
version Franchise. You should review these figures carefully with a business advisor before making any decision to purchase the Conversion Franchise.
DEVELOPMENT AGREEMENT YOUR ESTIMATED INITIAL INVESTMENT
| Type of | Amount | Method of | To |
|---|
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 29–35)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the Development Fee, ranging from $125,000 to $125,000, is due upon signing the Development Agreement. This fee is paid in a lump sum to the Franchisor.
Paying the Development Fee grants the franchisee the right to develop multiple My Salon Suite locations within a specific territory. This differs from the initial franchise fee, which applies to a single location. By paying the Development Fee upfront, the franchisee secures the opportunity for future expansion without paying additional initial franchise fees for each new location, provided they meet the obligations outlined in the Development Agreement.
It's important to note that all fees paid to My Salon Suite are nonrefundable. Therefore, prospective franchisees should carefully consider their ability to meet the development obligations before entering into a Development Agreement and paying the associated fee. Reviewing Item 5 of the FDD, as referenced in the notes, will provide further details about the Development Fee and its implications.