What was the net change in the number of company-owned and affiliated My Salon Suite locations during 2023?
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 |
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, the net change in the number of company-owned and affiliated locations during 2023 was an increase of 15 locations. This means that My Salon Suite added 15 company-owned or affiliated locations to its operations during that year.
For a prospective franchisee, this indicates the growth and expansion of company-owned and affiliated locations. It could reflect the brand's strategy in certain markets or a way for the company to maintain a presence in specific areas. The growth in company-owned locations may also suggest the franchisor's confidence in the brand and its business model.
It's important for potential franchisees to understand the balance between franchised and company-owned locations within a franchise system. A significant number of company-owned locations can provide valuable insights into the operational aspects of the business, while a strong franchise network can offer a broader reach and brand recognition. Prospective franchisees should inquire about the reasons behind the changes in company-owned and affiliated locations and how these changes might impact their own franchise operations.