What was the total balance for My Salon Suite as of December 31, 2021?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2,569,087 | $ 17,655,295 |
|---|
Consolidated Statements of Changes in Member's Equity
| Common Shares | stock | Amount | Additional Paid-in Capital | Retained Earnings | Total | |
|---|---|---|---|---|---|---|
| Balance | 1,000 | $ | 1,000 | $ 326,062,998 | $ 39,734,388 | $ 36 |
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 balance as of December 31, 2021, was $365,798,386. This figure represents the sum of common shares, additional paid-in capital, and retained earnings at that date.
Specifically, the balance is calculated from common shares valued at $1,000, additional paid-in capital of $326,062,998, and retained earnings of $39,734,388. This information is derived from the consolidated financial statements of My Salon Suite, which include the accounts of the company and its wholly-owned subsidiaries, with all intercompany accounts and transactions eliminated during consolidation.
Prospective franchisees should understand that this balance reflects the overall financial health and equity of My Salon Suite at a specific point in time. It's a key indicator of the company's financial stability and its ability to support its franchisees. Reviewing these figures over several years, as presented in the FDD, can provide insights into the company's financial trends and performance.