What is the name of the company that operates company-owned My Salon Suite properties?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
SMF operates a franchising business that provides others with the opportunity to operate a salon suite business, serving as a property owner and business consultant to health and beauty professionals, renting private individualized space to the professionals. SMC operates companyowned salon suite properties. As of December 31, 2024, there were 303 franchised locations and 51 corporate locations in operation. As of December 31, 2023, there were 274 franchised locations and 44 corporate locations in operation.
Source: Item 17 — (r) of the FDD and Section 13 of the Franchise Agreement disclose the existence of certain covenants restricting competition to which Franchisee must agree. The Commissioner has held that covenants restricting competition contrary to Section 9-08-06 of the North Dakota Century Code, without further disclosing that such covenants may be subject to this statue, are unfair, unjust, or inequitable within the intent of Section 51-19-09 of the North Dakota Franchise Investment Law. The FDD and the Franchise Agreement are amended accordingly to the extent required by law. (FDD pages 230–274)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, SMF Corporate Stores, LLC ("SMC") operates the company-owned My Salon Suite locations. As of December 31, 2024, there were 51 corporate locations in operation, and 303 franchised locations. In the previous year, as of December 31, 2023, there were 44 corporate locations and 274 franchised locations.
This information is relevant for prospective franchisees as it provides insight into the operational structure of My Salon Suite. Knowing that SMC handles the corporate-owned locations allows potential franchisees to understand who their counterpart is within the franchise system. It also shows the ratio of franchised to corporate locations, which can indicate the company's strategy regarding growth and support for franchisees.
The document also mentions that Propelled Brands Franchising, LLC owns all of the outstanding stock of Suite Management Franchising, LLC (“SMF”) and SMF Corporate Stores, LLC (“SMC”). This clarifies the overall organizational structure, showing that My Salon Suite is part of a larger franchise group. Understanding this structure can help franchisees assess the stability and resources available to the My Salon Suite franchise system.
For a prospective franchisee, this information highlights the importance of understanding the relationship between the franchisor and its corporate-owned locations. It's beneficial to inquire about the support and resources provided to both franchised and corporate locations, as well as the strategic goals for each type of location. This can help in evaluating the potential success and growth opportunities within the My Salon Suite franchise system.