What is the standard Initial Franchise Fee for a My Salon Suite franchise?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
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INITIAL FEES
Initial Franchise Fee
You must pay us an initial franchise fee ("Initial Franchise Fee") when you sign the Franchise Agreement (including if you purchase a Conversion Franchise). The Initial Franchise Fee for any Franchised Business is $50,000. The Initial Franchise Fee includes the tuition for you and 1 other individual you designate to attend our proprietary initial training program. The Initial Franchise Fee is due in full at the time you sign the Franchise Agreement(s), is uniform and nonrefundable and is deemed fully earned by us once paid.
We are a member of the International Franchise Association ("IFA") and participate in the IFA's VetFran Program. We offer a reduced initial franchise fee of $25,000, a 50% discount, to veterans of the U.S. Armed Forces who meet the requirements of the VetFran Program. We offer a reduced initial franchise fee of $25,000, a 50% discount, to first responders. A first responder is a person with specialized training who is among the first to arrive and provide assistance at the scene of an emergency, such as an accident, natural disaster, or other catastrophic events. First responders include paramedics, emergency medical technicians, police officers, sheriffs, and firefighters ("First Responder"). We will determine if an individual qualifies as a First Responder.
During our last fiscal year, we collected Initial Franchise Fees ranging from $25,000 to $50,000.
Development Fee
Franchisees may purchase the rights to open additional Franchised Businesses by signing a Development Agreement and paying a non-refundable development fee of $125,000 ("Development Fee"). Under the Development Agreement, your will have the right to open three (3) Franchised Businesses according to the development schedule. You must sign our then-current Franchise Agreement for each Franchised Business you open under the Development Agreement, but you will not be required to pay an Initial Franchise Fee (all other fees will apply). The Development Fee is payable when you sign your Development Agreement, and is non-refundable under any circumstances, even if you fail to open any Franchised Businesses.
During our last fiscal year, we collected Development Fees ranging from $99,000 to $150,000.
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 standard Initial Franchise Fee is $50,000. This fee is payable when the Franchise Agreement is signed, including when purchasing a Conversion Franchise. The FDD states that the Initial Franchise Fee includes tuition for the franchisee and one other designated individual to attend My Salon Suite's initial training program. This fee is considered fully earned by My Salon Suite once paid and is nonrefundable.
My Salon Suite offers a reduced initial franchise fee of $25,000 to veterans of the U.S. Armed Forces who meet the requirements of the VetFran Program, representing a 50% discount. A similar discount is available to first responders, defined as individuals with specialized training who are among the first to arrive and provide assistance at the scene of an emergency, such as paramedics, emergency medical technicians, police officers, sheriffs, and firefighters. My Salon Suite retains the discretion to determine if an individual qualifies as a First Responder.
The FDD also mentions that during the last fiscal year, My Salon Suite collected Initial Franchise Fees ranging from $25,000 to $50,000, reflecting the discounts offered. It is important to note that franchisees may also purchase the rights to open additional Franchised Businesses by signing a Development Agreement and paying a non-refundable development fee of $125,000. Under the Development Agreement, the franchisee will have the right to open three (3) Franchised Businesses according to the development schedule, and will not be required to pay an Initial Franchise Fee for each location.