What is the trend in the number of My Salon Suite outlets in California from 2022 to 2024?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
2 | | | 2024 | 0 | | Michigan | 2022 | 3 | | | 2023 | 1 | | | 2024 | 4 | | Missouri | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | | | | | New Jersey | 2022 | 0 | |--------------|------|----| | | 2023 | 3 | | | 2024 | 0 | | Pennsylvania | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | Texas | 2022 | 2 | | | 2023 | 0 | | | 2024 | 0 | | Totals | 2022 | 7 | | | 2023 | 10 | | | 2024 | 12 | Table 3: Status of Franchised Outlets Years 2022 to 2024
| State | Year | Outlets at Start of the Year | Outlets Opened | Terminations | Non Renewal s | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 83–93)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the number of My Salon Suite outlets in California has increased from 2022 to 2024. At the start of 2022, there were 9 outlets. During 2022, 4 new outlets were opened, bringing the total to 13 by the end of the year. In 2023, 3 additional outlets were opened, resulting in 16 outlets by the end of that year. However, in 2024, no new outlets were opened, and there were no terminations, non-renewals, re acquisitions by the franchisor or ceased operations for other reasons, leaving the total number of outlets unchanged at 16 by the end of 2024.
For a prospective franchisee, this data indicates a period of growth in California from 2022 to 2023, followed by a stall in 2024. The absence of terminations or non-renewals suggests that existing franchisees in California are maintaining their businesses. However, the lack of new openings in 2024 could signal a saturation of the market or other challenges in expanding within the state.
It's important for potential franchisees to investigate the reasons behind the lack of new openings in 2024. This could involve researching market conditions in California, assessing competition, and discussing expansion plans with My Salon Suite. Understanding the dynamics of the California market will be crucial for making an informed investment decision.