Does the estimated initial investment for My Salon Suite include the Initial Franchise Fee?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
review these figures carefully with a business advisor before making any decision to purchase the Franchise Business.
ESTIMATED INITIAL INVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT - CONVERSION LOCATION
| Type of | Amo | ount | Method of | To Whom | |
|---|---|---|---|---|---|
| Expenditure | Low | High | Payment | When Due | Payment is to be Paid |
| Initial Franchise Fee (1) | $50,000 | $50,000 | Lump sum | Upon signing of Franchise Agreement | Franchisor |
| Travel and Living Expenses | $1,000 | $3,000 | As incurred | As incurred | Airlines, Hotels, Restaurants, etc. |
| Rent or Real | $0 | $0 | As determined by lessor | Prior to opening | Lessor |
| Estate (2) | |||||
| Improvements/ | $12,500 | $50,000 | As incurred | Prior to opening | Vendors |
| Conversions (3) | |||||
| Furniture and Fixtures | $12,500 | $50,000 | As determined by vendors | Prior to opening or as arranged with vendors | Vendors |
| Signage | $4,960 | $23,230 | As determined by vendors | Prior to opening or as arranged with vendors | Vendors |
| Miscellaneous | $5,000 | $9,000 | As incurred | Prior to opening | Vendors, |
| Opening Costs (4) | Utilities, etc. | ||||
| Operating | $0 | $0 | As incurred | Prior to opening | Approved Vendors |
| Supplies (5) | |||||
| Advertising/ Marketing (3 Months) | $15,000 | $20,000 | As incurred | Prior to opening | Mailings – Media |
| Insurance (Annual) (6) | $1,400 | $4,000 | As determined by insurance company | Prior to opening or as arranged by vendor | Insurance Company/Agent |
| Additional Funds – 3 Months (7) | $10,000 | $20,000 | As incurred | As incurred | Various Third Parties |
| Design Standards | $1,500 | $2,500 | Lump sum | Prior to opening, within 5 | Franchisor |
| Fee (8) | |||||
| Type of | Amo | ount | Method of | To Whom | |
| Expenditure (1) | Low | High | Payment | When Due days of invoice | Payment is 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 estimated initial investment does include the initial franchise fee. The table provided in Item 7 details the various expenditures that make up the total estimated initial investment, and it specifically lists the initial franchise fee as a line item.
The initial franchise fee for My Salon Suite is $50,000, payable as a lump sum upon signing the Franchise Agreement. The total estimated initial investment ranges from $113,860 to $231,730. This range includes other costs such as travel and living expenses ($1,000 to $3,000), rent or real estate ($0 to $0), improvements/conversions ($12,500 to $50,000), furniture and fixtures ($12,500 to $50,000), signage ($4,960 to $23,230), miscellaneous opening costs ($5,000 to $9,000), advertising/marketing ($15,000 to $20,000), insurance ($1,400 to $4,000), additional funds ($10,000 to $20,000), a design standards fee ($1,500 to $2,500), and a project management fee ($0 to $0).
It's important for prospective franchisees to note that these figures are estimates and can vary. The actual costs may depend on factors such as location, vendor pricing, and specific business needs. My Salon Suite offers a 50% discount on the Initial Franchise Fee for veterans of the U.S. Armed Forces that meets the requirements of the VetFran Program, or if you are a First Responder, as determined by them.
Reviewing these figures carefully with a business advisor is recommended before making any decisions. Understanding what is included in the initial investment, such as the franchise fee, is crucial for financial planning and assessing the overall feasibility of the franchise.