What is the Resale Consulting Fee for a My Salon Suite franchise, and under what condition is it due?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Annual Conference Fee (4) | Then-current fee (currently $750 - $950 per person). Non-attendance fee is currently $2,000. | Upon demand | Payable to us to help defray the cost of your attendance at any annual conference of all franchisesthat we choose to hold. This fee is due regardless of whether or not you attend our annual conference in any given year. You will also be charged an additional fee for non-attendance. |
|---|---|---|---|
| Inspection and Testing | The costs we incur in testing/inspecting your proposed product/vendor (estimated to be between $100 to $500) | As incurred | Payable if we inspect a new product,service, or proposed vendor nominated by you. |
| ResaleConsulting Fee(5) | $7,500 | 50% on signing Resale Services Consulting Agreement and 50% paid at closing. | You may request that we assist you in selling your Franchised Business. The Resale Consulting Fee is due only if you use |
Source: Item 5 — Initial Fees (FDD pages 18–28)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the Resale Consulting Fee is $7,500. This fee is charged if a franchisee requests assistance from My Salon Suite in selling their franchised business and uses their services to facilitate the sale.
The Resale Consulting Fee is structured with a payment schedule. Fifty percent of the fee is due upon signing the Resale Services Consulting Agreement, and the remaining fifty percent is due at the closing of the sale. This arrangement ensures that My Salon Suite receives partial compensation upfront for their consulting services, with the final payment contingent on the successful completion of the resale.
This fee covers the costs associated with My Salon Suite providing guidance and support during the resale process. It is important to note that the Resale Consulting Fee is only applicable if the franchisee chooses to utilize My Salon Suite's assistance in selling their franchise. If the franchisee independently manages the resale, this fee is not incurred.