What was the total amount of acquisition transaction costs for My Salon Suite in 2024?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
Accrued liabilities consist of the following at December 31:
| 2024 | 2023 | |
|---|---|---|
| Employee benefits and compensation | $ 3,170,135 | $ 2,334,499 |
| Accrued payables to franchisees | 2,434,987 | 2,167,953 |
| Event related accruals | 1,325,165 | 1,340,970 |
| Customer deposits | 1,388,782 | 1,614,710 |
| Acquisition transaction costs | - | 2,439,816 |
| Accrued professional fees | 1,898,961 | - |
| Other | 2,840,265 | 2,905,669 |
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the acquisition transaction costs for 2024 were $0. This is based on the table provided in Item 6, which details various accrued liabilities for both 2024 and 2023.
The absence of acquisition transaction costs in 2024, compared to $2,439,816 in 2023, suggests that My Salon Suite may not have engaged in any significant acquisitions during 2024. This could be due to a change in strategic focus, market conditions, or other factors influencing the company's investment decisions.
For a prospective franchisee, this information provides insight into My Salon Suite's financial activities and potential growth strategies. While no acquisitions occurred in 2024, the substantial costs in 2023 indicate a previous interest in expanding through acquisitions. It would be prudent for a potential franchisee to inquire about My Salon Suite's future acquisition plans and overall growth strategy to better understand the company's direction and potential impact on franchisees.