When is the Technology Fee due for a My Salon Suite franchise?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type Of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty Fee (2) | If you are a new Center or a Conversion Center you will pay 2.75% of Gross Revenues for the first 6 months. Beginning the 7 th month through the 12 th month you will pay 5.5% of Gross Revenues for . Beginning the 13th month after your Franchised Business opens through the end of the term of the Franchise Agreement, you will pay the greater of $1,000 or 5.5% of Gross Revenues. | On or before | The "Royalty Fee" is based on "Gross Revenues" during the previous month. The reduction in the Royalty Fee for the first 6 months is not applicable to the purchase of a Resale Center. |
| the 10th day of | |||
| each month | |||
| Brand Building Fund Contribution | Currently a minimum of $200 per month. We may increase this up to 2% of your monthly Gross Revenues. | Same as | This contribution will be used for a "Brand Building Fund" for our use in promoting and building our My Salon Suite franchise brand. |
| Royalty Fee. | |||
| Technology Fee | Then-current fee (currently $170 per month for a Franchised Business | Same as | We may charge you a monthly fee for any custom or proprietary software for 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 Technology Fee is due on the same day as the Royalty Fee. The Technology Fee is the then-current fee, which is currently $170 per month for a Franchised Business.
The Royalty Fee is due on or before the 10th day of each month. Therefore, the Technology Fee is also due on or before the 10th day of each month. This fee may be charged monthly for any custom or proprietary software used in the My Salon Suite franchise.
It is important to note that the Technology Fee is subject to change, as it is the 'then-current fee.' Prospective franchisees should confirm the current Technology Fee and any potential increases with My Salon Suite before signing the Franchise Agreement. Understanding the terms and conditions related to technology usage and associated fees is crucial for budgeting and financial planning.