Let’s begin with how our MY SALON Suite franchise owners make money.
Franchise owners make money primarily through the rent collected from their members, much like an apartment complex.
The following information is summarized from Item 19 of our Franchise Disclosure Document (FDD).
For the Averages of the following:
Rental Income, General Operating Expense, Rent Expenses, Net Profit
Table 1 above illustrates the Averages for Rental Income, General Operating Expense, Rent Expenses, and Net Profit for 33 associate / franchised MY SALON Suite units that were open and operating for more than 12 months as of December 31, 2017.
Rent, Size and Occupancy Matter
We understand the most important three things that will have the greatest impact on your earning potential are your rent, the size of your location and occupancy. All of these things will lead to your net profit.
Above you’ll find exactly how each of these critical numbers is performing among our corporate, associate and franchised stores.
MY SALON Suite provides all of the tools necessary to make each franchise thrive. How aggressively you market, the rental rates you charge and the level of occupancy you keep, all determine how big your franchise earning potential can be.
Caution: Because the success of your franchise will depend largely upon your individual abilities, your results are likely to differ from the results summarized above and should not be considered as the actual or probable results that you’re MY SALON Suite business will realize. There is no assurance that you will do as well. If you rely upon our figures, you must accept the risk that you may not do as well.