What was the total amount of royalties My Salon Suite received in 2022?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
es | | | | and | | | | member's | | | | equity | | |
Consolidated Statements of Income
| For the years ended December 31, | 2023 | 2022 |
|---|---|---|
| Revenues | ||
| Franchise | $ 3,508,446 | $ 3,373,128 |
| sales | ||
| Royalties | 49,940,078 | 45,832,770 |
| Rental | 13,118,572 | 11,907,621 |
| income | ||
| Other |
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 total royalties received in 2022 amounted to $45,832,770. This figure represents the income My Salon Suite earned from its franchisees based on a percentage of their sales.
For a prospective franchisee, this indicates the scale of the My Salon Suite franchise system and the revenue it generates through royalty payments. It's a key indicator of the brand's financial health and the collective sales performance of its franchise locations. This number can be used to evaluate the overall strength and stability of the My Salon Suite franchise system.
It's important to note that this royalty income is just one component of My Salon Suite's total revenue, which also includes franchise sales, rental income, and other revenue streams. Franchisees should consider this figure in conjunction with other financial data provided in the FDD to gain a comprehensive understanding of My Salon Suite's financial performance.