When is the Development Fee payable to My Salon Suite, and is it refundable?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Annual Conference Fee (4) | Then-current fee (currently $750 - $950 per person). Non-attendance fee is currently $2,000. | Upon demand | Payable to us to help defray the cost of your attendance at any annual conference of all franchisesthat we choose to hold. This fee is due regardless of whether or not you attend our annual conference in any given year. You will also be charged an additional fee for non-attendance. |
|---|---|---|---|
| Inspection and Testing | The costs we incur in testing/inspecting your proposed product/vendor (estimated to be between $100 to $500) | As incurred | Payable if we inspect a new product,service, or proposed vendor nominated by you. |
| ResaleConsulting Fee(5) | $7,500 | 50% on signing Resale Services Consulting Agreement and 50% paid at closing. | You may request that we assist you in selling your Franchised Business. The Resale Consulting Fee is due only if you use |
Source: Item 5 — Initial Fees (FDD pages 18–28)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the timing of payment and refundability details are not explicitly provided for a 'Development Fee'. However, the document does outline the payment schedule for a 'Resale Consulting Fee.'
The Resale Consulting Fee of $7,500 is paid in two installments: 50% is due upon signing the Resale Services Consulting Agreement, and the remaining 50% is due at closing. This fee is specifically for instances where My Salon Suite assists in the sale of an existing franchised business. The FDD states that this fee is only due if you use My Salon Suite's services to sell your franchise.
Since the document does not mention a 'Development Fee,' prospective franchisees should directly ask My Salon Suite about the existence of such a fee, its amount, when it is payable, and under what conditions, if any, it is refundable. Understanding the financial obligations and refund policies is crucial before entering into a franchise agreement.