What is the initial term for a My Salon Suite franchise, excluding any development agreements?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise | Summary |
|---|---|---|
| Agreement | ||
| a. Term | Section 4.A. of Franchise Agreement | Ten (10) years. |
| Section 3 of Development Agreement | Term continues until completion of Development Schedule |
Source: Item 16 — RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL (FDD pages 62–76)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the initial term for a standard franchise agreement is ten years. This is outlined in Section 4.A of the Franchise Agreement.
This ten-year term represents the period during which a franchisee is granted the right to operate a My Salon Suite business under the terms and conditions specified in the franchise agreement. After this initial term, franchisees have the option to renew their agreement, provided they meet certain conditions.
It's important to note that this initial term does not include any time associated with a Development Agreement, which pertains to franchisees who commit to opening multiple locations. The Development Agreement has its own timeline, which continues until the completion of the Development Schedule, as stated in Section 3 of the Development Agreement. Therefore, prospective franchisees should understand the distinction between these two agreements and their respective terms.
At the end of the initial term, My Salon Suite offers franchisees the option to renew for two additional terms of 10 years each, provided they are in good standing and meet specific renewal requirements. These requirements include providing advance notice, demonstrating the right to operate at the approved location, completing necessary renovations, complying with all agreements, satisfying monetary obligations, executing the then-current franchise agreement, meeting training requirements, and executing a general release in favor of My Salon Suite and its affiliates.