What is the duration of the Renewal Term for a My Salon Suite franchise agreement?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
- b. Renewal Term. Franchisee shall have the right to renew this Franchise Agreement for two (2) additional, successive terms of ten (10) years (each a "Renewal Term," and together with the Initial Term, the "Term"), if all the following conditions have been fulfilled:
- (1) Franchisee has, during the entire term of this Franchise Agreement, substantially complied with all material provisions;
- (2) Franchisee has access to and, for the duration of the Renewal Term, the right to remain in possession of the Approved Location, or a suitable substitute location approved by Franchisor, which must be in full compliance with Franchisor's System Standards;
- (3) Franchisee has at its expense, made such capital expenditures as were necessary to maintain uniformity with any System modifications such that the Franchised Business reflects the System Standards prior to the effective date of the Renewal Franchise Agreement (as defined below);
- (4) Franchisee has satisfied all monetary obligations owed by Franchisee to Franchisor (or any Affiliate) and has timely met these obligations throughout the term of this Franchise Agreement;
- (5) Franchisee is not in default of any provision of this Franchise Agreement or any other agreement between Franchisee and Franchisor, its Affiliates or any of Franchisor's Approved Vendors (as defined in this Franchise Agreement);
Source: Item 23 — RECEIPTS (FDD pages 95–230)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, a franchisee has the right to renew their Franchise Agreement for two additional terms. Each of these renewal terms is for a duration of ten years. Therefore, after the initial term, a franchisee can potentially operate under the My Salon Suite brand for an additional 20 years, provided they meet certain conditions.
To be eligible for renewal, the My Salon Suite franchisee must substantially comply with all material provisions of the Franchise Agreement throughout its entire term. They must also maintain access to and the right to possess the approved location or a suitable substitute that complies with My Salon Suite's System Standards. This ensures the business continues to operate in a location that meets the franchisor's requirements for brand consistency and customer experience.
Additionally, the franchisee is responsible for making necessary capital expenditures to maintain uniformity with any system modifications, ensuring the Franchised Business reflects the System Standards before the Renewal Franchise Agreement takes effect. The franchisee must also have satisfied all monetary obligations to My Salon Suite and not be in default of any agreement with the franchisor or its affiliates. These conditions ensure that only franchisees who have consistently met their obligations and maintained the standards of the My Salon Suite brand are granted the opportunity to renew their franchise agreement.