What is the standard term length for a My Salon Suite franchise?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise | Summary |
|---|---|---|
| Agreement | ||
| a. Term | Section 4.A. of Franchise Agreement | Ten (10) years. |
| Section 3 of Development Agreement | Term continues until completion of Development Schedule | |
| b. Renewal or | Section 4.B. of Franchise | If you are in good standing and you meet |
| extension | Agreement | other requirements, you may enter |
| ofterm | ||
| 2 consecutive renewal | ||
| terms of 10 | ||
| years. |
Source: Item 16 — RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL (FDD pages 62–76)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the standard initial term length for a franchise agreement is ten years, as detailed in Section 4.A of the Franchise Agreement. This means a new franchisee will operate their My Salon Suite business under the terms of the franchise agreement for this initial decade-long period.
My Salon Suite also offers options for renewal. If the franchisee is in good standing and meets specific requirements, they may be able to renew the franchise agreement for two additional terms of 10 years each, as outlined in Section 4.B of the Franchise Agreement.
To renew, franchisees must provide notice between 9 months and one year before the end of the current term, demonstrate their right to operate at the approved location, complete any required updates or renovations to meet current brand standards, and not be in breach of any agreements. They must also satisfy all monetary obligations, execute the then-current form of the franchise agreement (which may have different terms and conditions), fulfill current training requirements, execute a general release, and pay a renewal fee equal to 15% of the then-current initial franchise fee. These conditions are typical in franchising, ensuring brand consistency and requiring franchisees to reinvest in their businesses to remain competitive.