What is the estimated low and high cost for improvements/conversions for a My Salon Suite franchise?
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 be Paid | | Project | $0 | $0 | Lump sum | Within 30 days of signing the lease | Franchisor | | Management Fee (9) | | | | | | | TOTAL ESTIMATED INITIAL INVESTMENT(10) | $113,860 | $231,730 | | | | All amounts that you pay to us are nonrefundable. Third party lessors and suppliers will decide if payments to them are refundable. Neither we nor any of our affiliates offer any financing for any of your initial investment.
Notes:
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- Initial Franchise Fee. You will pay an Initial Franchise Fee of $50,000, and as discount of 50%, if you are a veteran of the U.S.
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 cost for improvements/conversions for a standard franchise location ranges from $353,351 to $984,638. These costs are paid to vendors as incurred and are expected to be paid prior to opening.
For a conversion location, the estimated cost is much lower, ranging from $12,500 to $50,000. These costs are also paid to vendors as incurred and are expected to be paid prior to opening.
It is important to note that the cost of improvements/conversions can vary significantly based on the geographic location and square footage of the franchised business. The FDD also notes that tenant improvement costs typically range between $183 per square foot and $286 per square foot. Additionally, tenant improvement allowance has ranged from $70,130 to $429,216. Prospective franchisees should carefully consider these factors when estimating their initial investment.