What was the net cash used in investing activities for My Salon Suite in 2022?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| For the years ended December 31, | 2023 | 2022 |
|---|---|---|
| Investing | ||
| activities | ||
| Capital | (2,715,270) | (3,563,623) |
| expenditures | ||
| Proceeds | - | 725,000 |
| from | ||
| sale | ||
| of | ||
| assets | ||
| Acquisition | (6,784,799) | - |
| of | ||
| a | ||
| business, | ||
| net | ||
| of | ||
| cash | ||
| acquired | ||
| Net | (9,500,069) | (2,838,623) |
| cash | ||
| used | ||
| in | ||
| investing | ||
| activities |
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the net cash used in investing activities for the year ending December 31, 2022, was $2,838,623. This figure reflects the total capital expenditures and proceeds from the sale of assets during that year.
Specifically, My Salon Suite had capital expenditures of $3,563,623 and proceeds from the sale of assets totaling $725,000. The net cash used in investing activities is calculated by subtracting the proceeds from the sale of assets from the capital expenditures.
For a prospective franchisee, this indicates the level of investment My Salon Suite made in its own business activities. It is important to note that these figures are from the company's overall financial statements and may not directly reflect the investment costs a new franchisee would incur. However, it provides insight into how My Salon Suite manages its capital and assets, which can be a useful factor when evaluating the franchise opportunity.