Where can I find the My Salon Suite Conversion Promissory Note exhibit?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a disclosure document issued, which included the following exhibits: Exhibit A Exhibit B List of State Agentsfor Service of Process Exhibit C Franchise Agreement Exhibit D Conversion Addendum Exhibit E Development Agreement Exhibit F Conversion Promissory Note (Direct Financing) Exhibit G Operations Manual Table of Contents Exhibit H State Addenda to Disclosure Document and Franchise Agreement Exhibit I Lists of Current and Former Franchise Owners Exhibit J Financial Statements ExhibitJ-1 Guarantee of Performance Exhibit K Sample Form of General Release Exhibit L State Effective Dates Exhibit M Receipt Please sign this copy of the receipt, date your signature, and return it to Suite Management Franchising, LLC, 2542 Highlander Way, Carrollton, Texas 75006.
Source: Item 22 — Contracts (FDD pages 94–95)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the Conversion Promissory Note (Direct Financing) can be found as Exhibit F. This exhibit is included as part of the disclosure documents that My Salon Suite provides to prospective franchisees. Franchisees are asked to sign a receipt acknowledging they received all exhibits. This receipt is then returned to My Salon Suite.
For those considering converting an existing salon business into a My Salon Suite franchise, the Conversion Promissory Note outlines the financial obligations and terms associated with direct financing offered by My Salon Suite. It is important to carefully review this exhibit to understand the repayment schedule, interest rates, and any other conditions tied to the promissory note.
Prospective franchisees should consult with financial and legal advisors to fully understand the implications of the Conversion Promissory Note and how it affects their investment. Understanding the terms of the note is crucial before making any commitments to convert their existing business to a My Salon Suite franchise.