What are the requirements for a My Salon Suite location to be included in the 'Reporting Group'?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
The following chart includes information regarding the total number of My Salon Suite franchise locations in the United States that met or exceeded all of the following criteria as of December 31, 2024 ("Reporting Criteria"): (a) operated in the United States under a Franchise Agreement; (b) had been open and continuously operating for at least 12 full months as of December 31, 2024; (c) is at least 3,000 square feet; (d) submitted all required reports under the Franchise Agreement during 2024; and (e) was not under contract for purchase at any time during 2024.
As of December 31, 2024, there were 303 My Salon Suite franchised locations open and operating in the United States under a Franchise Agreement ("Franchise Group"). Of this total, 244 locations met the Reporting Criteria and represent the reporting group for 2024 ("Reporting Group").
The median and average information was prepared from the records and reports, asreported by Franchisees of each of the franchise locations satisfying the Reporting Criteria. Franchisor has relied solely on the information reported to Franchisor by Franchisees. We do not know of an instance, nor do we have reason to believe, that any Franchisee would misstate its information. However, these reports have not been audited and we have not independently verified these numbers.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATION (FDD pages 78–83)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the 'Reporting Group' consists of franchise locations that meet specific criteria as of December 31, 2024. These requirements ensure that the financial performance data presented is based on a consistent and reliable set of operating businesses.
To be included in the 'Reporting Group', a My Salon Suite franchise location must have: (a) operated in the United States under a Franchise Agreement; (b) been open and continuously operating for at least 12 full months as of December 31, 2024; (c) a minimum size of 3,000 square feet; (d) submitted all required reports under the Franchise Agreement during 2024; and (e) not been under contract for purchase at any time during 2024.
As of December 31, 2024, there were 303 My Salon Suite franchised locations open and operating in the United States under a Franchise Agreement, which is referred to as the "Franchise Group". Of these, 244 locations met all of the above Reporting Criteria and were included in the 'Reporting Group'. The financial data presented in Item 19 is based on the performance of this 'Reporting Group'.
The franchisor relies on the data reported by franchisees and has not independently audited or verified the numbers. This means that while the franchisor believes the data to be accurate, prospective franchisees should still conduct their own due diligence and consult with financial advisors to assess the viability of a My Salon Suite franchise.