How many company-owned and affiliated My Salon Suite outlets were there at the end of 2024?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 193 | 232 | +39 | |
| Franchises | 2023 | 232 | 275 | +43 |
| 2024 | 275 | 304 | +29 | |
| 2022 | 31 | 33 | +2 | |
| Company-Owned | 2023 | 33 | 48 | +15 |
| and Affiliates | 2024 | 48 | 51 | +3 |
| 2022 | 224 | 265 | +41 | |
| Total Outlets | 2023 | 265 | 323 | +58 |
| 2024 | 323 | 355 | +32 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 83–93)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, at the end of 2024, there were 51 company-owned and affiliated outlets. This is an increase of 3 outlets compared to the start of the year when there were 48 company-owned and affiliated locations.
This information is useful for prospective franchisees as it provides insight into the number of company-owned locations versus franchised locations. A significant number of company-owned stores can indicate that the franchisor has a vested interest in the brand's success and understands the business model thoroughly. However, it is important to note that the rate of growth for company-owned and affiliated locations is slower than that of franchised locations, with an increase of 3 compared to the 29 new franchise locations.
Reviewing the growth and changes in company-owned and franchise locations over the past three years can help potential franchisees understand the strategic direction of My Salon Suite. It is important to consider why the franchisor chooses to operate company-owned locations and how these locations might impact or support the franchise network.