What is the weighted average term for operating leases and finance leases for My Salon Suite?

According to My Salon Suite's 2025 Franchise Disclosure Document, the company's weighted average remaining lease term is disclosed. The document states that supplemental balance sheet information related to leases as of December 31, 2023, includes the weighted average remaining lease term in years. However, the specific weighted average term in years for operating leases and finance leases is not disclosed in this section.

While the FDD mentions that the base terms for most of their lease arrangements typically do not extend beyond 10 years, and they commonly have renewal options in their leases in 5-year increments, it does not provide the weighted average term for these leases. The document also indicates that short-term leases with an initial term of 12 months or less are not recognized as lease liabilities and right-of-use assets in the consolidated balance sheets.

Therefore, a prospective franchisee should directly ask My Salon Suite for the weighted average remaining lease term for both operating and finance leases to fully understand the financial obligations and lease terms associated with the franchise.