Question 1

How much does it cost to open a My Salon Suite franchise?

Accepted Answer

The total initial investment for a My Salon Suite franchise ranges from $675K to $1.7M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the My Salon Suite franchise fee?

Accepted Answer

The initial franchise fee for My Salon Suite is $50K.

Question 3

What are the net worth requirements for a My Salon Suite franchise?

Accepted Answer

Net worth requirements for My Salon Suite are specified in the Franchise Disclosure Document.

Question 4

Does My Salon Suite require a personal guarantee?

Accepted Answer

Yes, My Salon Suite requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a My Salon Suite franchise?

Accepted Answer

Equipment costs for a My Salon Suite franchise range from $174K to $375K. Initial inventory costs range from $10K to $10K.