What was the total franchise sales revenue for My Salon Suite in 2023?
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 franchise sales revenue for the year ending December 31, 2023, was $3,508,446. This figure represents the income My Salon Suite generated from franchise sales during that year. Franchise sales revenue is distinct from other revenue streams like royalties or rental income. Royalties totaled $49,940,078, and rental income totaled $13,118,572 for the same period. Other revenue amounted to $5,787,952. The total revenue for My Salon Suite in 2023 was $72,355,048. Franchise sales revenue contributed a relatively small portion of the overall revenue.
For a prospective franchisee, understanding the breakdown of My Salon Suite's revenue streams can provide insights into the company's financial health and business model. While franchise sales revenue reflects initial franchise fees, the larger portion of revenue comes from royalties and rental income, indicating the importance of ongoing operations and franchisee success to My Salon Suite's financial performance. A franchisee should consider how their own performance will contribute to these revenue streams and how My Salon Suite supports franchisees in generating royalties and rental income.
It's important to note that these figures are specific to the year 2023 and may not be representative of other years. The FDD also includes revenue figures for 2022, which can be compared to identify trends and changes in My Salon Suite's revenue streams. For example, franchise sales revenue in 2022 was $3,373,128, slightly lower than in 2023. This information can help a potential franchisee assess the stability and growth potential of the My Salon Suite franchise system.