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What was the net change in the number of company-owned and affiliated My Salon Suite outlets during 2023?

My_Salon_Suite Franchise · 2025 FDD

Answer 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, the net change in the number of company-owned and affiliated outlets during 2023 was an increase of 15 locations. At the start of 2023, My Salon Suite had 33 company-owned and affiliated outlets. By the end of 2023, this number had increased to 48.

This information is useful for prospective franchisees as it provides insight into the growth and expansion strategy of My Salon Suite. Company-owned and affiliated outlets can serve as a testing ground for new strategies and initiatives, which can then be rolled out to franchise locations. A growing number of company-owned locations may indicate the franchisor's confidence in the brand and its business model.

It's important to note that while the FDD provides data on the net change in company-owned and affiliated outlets, it does not specify the reasons for these changes. For example, the increase of 15 outlets could be due to new openings, acquisitions of existing businesses, or a combination of both. A prospective franchisee may want to inquire about the specific factors contributing to the change in the number of company-owned and affiliated outlets to gain a better understanding of My Salon Suite's growth strategy.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.