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    Sola Salon

    Franchise research report · reviewed 2026 disclosure data

    Researching Sola Salon franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Sola Salon franchise offers a unique salon suite rental model where independent beauty professionals lease private studio spaces within upscale salon locations.

    Headline figures

    Quick facts

    How much does it cost to open a Sola Salon franchise?
    The Sola Salon Franchise Disclosure Document reports separate estimated initial investments by format: $950,214–$1,748,296 for total estimated initial investment: $950,214 to $1,748,296. (2026 FDD, Item 7, PDF p. 21); $17–$39 for typical total rent price per square foot: $17 to $39. (2026 FDD, Item 7, PDF p. 22); $2,260,428–$3,856,592 for 12unit muda — total initial investment (2026 FDD, Item 7, PDF p. 24); $1,900,428–$3,856,592 for 2unit muda — total initial investment (2026 FDD, Item 7, PDF p. 24); $1,930,428–$3,856,592 for 3unit muda — total initial investment (2026 FDD, Item 7, PDF p. 24); $2,050,428–$3,856,592 for 6unit muda — total initial investment (2026 FDD, Item 7, PDF p. 24). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Sola Salon charge?
    The disclosed ongoing royalty is $6 (2026 FDD, Item 6, PDF p. 15). The brand or advertising fund contribution is $2 “MAM”) Program Up to 2% of Gross Revenue per month, currently — 1.5 (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
    Does Sola Salon disclose financial performance (Item 19)?
    Yes. The Sola Salon FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 51). Figures apply only to the locations and period each one covers. Details
    How many Sola Salon locations are there?
    The FDD reports 744 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 57). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $950,214 – $1,748,296 (Total Estimated Initial Investment: $950,214 to $1,748,296.); $17 – $39 (Typical total rent price per square foot: $17 to $39.); $2,260,428 – $3,856,592 (12unit MUDA — Total initial investment); $1,900,428 – $3,856,592 (2unit MUDA — Total initial investment); $1,930,428 – $3,856,592 (3unit MUDA — Total initial investment); $2,050,428 – $3,856,592 (6unit MUDA — Total initial investment); several initial fee options apply.
    2. 2Item 19 covers 16 separate groups: other measures for 428 Franchised locations; other measures for 62 Company-owned locations; other measures for 653 Franchised locations; revenue and other measures for 653 Franchised locations; other measures for 16 Company-owned locations; other measures for 15 Company-owned locations; other measures for 18 Company-owned locations; other measures for 5 Company-owned locations; other measures for 8 Company-owned locations; adjusted operating results for 62 Company-owned locations; adjusted operating results for 62 Company-owned locations; adjusted operating results for 15 Company-owned locations; adjusted operating results for 16 Company-owned locations; adjusted operating results for 18 Company-owned locations; adjusted operating results for 5 Company-owned locations; adjusted operating results for 8 Company-owned locations. They are not combined.
    3. 3Outlets grew by 15 in 2025, to 744 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 6 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (6)

    Each format has its own total. The total depends on the format you choose.

    • Typical total rent price per square foot: $17 to $39.PDF p. 22$17 – $39
    • $950,214 to $1,748,296.PDF p. 21$950,214 – $1,748,296
    • 2unit MUDA — Total initial investmentPDF p. 24$1,900,428 – $3,856,592
    • 3unit MUDA — Total initial investmentPDF p. 24$1,930,428 – $3,856,592
    • 6unit MUDA — Total initial investmentPDF p. 24$2,050,428 – $3,856,592
    • 12unit MUDA — Total initial investmentPDF p. 24$2,260,428 – $3,856,592

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty Fee: 5.5% of Gross Revenue, with a minimum of $500 per month; franchisees who signed franchise or development agreements before 2020 may pay a lower monthly Royalty Fee.Main ongoing fee

    47 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    16 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 428 locations

    Who is counted
    New Location Occupancy Reporting Criteria
    Period
    operating month9
    Excluded
    OutsideUS;affiliateowned/operated/purchase/salecontract2025;atypical/windingdown/transferring;openedbefore2016
    Method
    Franchiseereports;US continuouslyopen12months;allreports;Month1calendaropeningmonthregardlessdays

    Locations counted: not stated in the reviewed record

    Other measures · 62 locations

    Who is counted
    Total occupancyband
    Period
    Average occupancy
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Other measures · 653 locations

    Who is counted
    Franchised locations meeting Occupancy Reporting Criteria
    Excluded
    Purchased/soldorundercontractbyfranchisor/affiliate during2025; temporary/atypicalmanagement windingdown/transferring
    Method
    Franchisee reports; US continuously operating13months

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 653 locations

    Who is counted
    Performance Reporting Criteria
    Excluded
    Affiliatepurchase/salecontracts2025;temporary/atypicalwindingdown/transfers
    Method
    FranchiseereportedGrossRevenue;UScontinuous13months;taxes/nonrevenuecoupons/freeorunpaidservicesexcluded

    Locations counted: not stated in the reviewed record

    Other measures · 16 locations

    Who is counted
    90-94.9% occupancyband
    Period
    Percent system
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Other measures · 15 locations

    Who is counted
    95-100% occupancyband
    Period
    Earnings percent revenue
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Other measures · 18 locations

    Who is counted
    80-89.9% occupancyband
    Period
    Percent system
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    70-79.9% occupancyband
    Period
    Percent system
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Other measures · 8 locations

    Who is counted
    <70% occupancyband
    Period
    Lease expense
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 62 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Company-ownedcostadjustments
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 62 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    7. Total 2025. Of the 62 locations that
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 15 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    2025 company-owned locations achieving the 95–100% occupancy band
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 16 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    2025 company-owned locations achieving the 90–94.9% occupancy band
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 18 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    2025 company-owned locations achieving the 80–89.9% occupancy band
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 5 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    2025 company-owned locations achieving the 70–79.9% occupancy band
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 8 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    2025 company-owned locations achieving the below 70% occupancy band
    Excluded
    Purchase/salecontracts2025;consolidations;managementlaborandmarketingstaff/agencyfeesexcluded;introductionfeeexcluded;maturemarkets;debttaxesnotinferred
    Method
    UScontinuous2025;open18months;royaltyimputed5.5%;NMFadjusted1.5%;techimputed185/month;leasedexpenseincluded;centralmarketingallocated

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 57

    Net +47 outlets, 2023–2025

    0697202372920247442025+32+15

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($17 – $3,856,592) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 729 to 744 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — New Location Occupancy Reporting Criteria · PDF p. 51
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Total occupancyband · PDF p. 54
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchised locations meeting Occupancy Reporting Criteria · PDF p. 50
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Performance Reporting Criteria · PDF p. 53
    5. [5]Item 19 — Locations counted not stated in the reviewed record — 90-94.9% occupancyband · PDF p. 54
    6. [6]Item 19 — Locations counted not stated in the reviewed record — 95-100% occupancyband · PDF p. 54
    7. [7]Item 19 — Locations counted not stated in the reviewed record — 80-89.9% occupancyband · PDF p. 54
    8. [8]Item 19 — Locations counted not stated in the reviewed record — 70-79.9% occupancyband · PDF p. 54
    9. [9]Item 19 — Locations counted not stated in the reviewed record — <70% occupancyband · PDF p. 54
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Company-ownedcostadjustments · PDF p. 55
    11. [11]Item 19 — Locations counted not stated in the reviewed record — 7. Total 2025. Of the 62 locations that · PDF p. 56
    12. [12]Item 19 — Locations counted not stated in the reviewed record — 2025 company-owned locations achieving the 95–100% occupancy band · PDF p. 56
    13. [13]Item 19 — Locations counted not stated in the reviewed record — 2025 company-owned locations achieving the 90–94.9% occupancy band · PDF p. 56
    14. [14]Item 19 — Locations counted not stated in the reviewed record — 2025 company-owned locations achieving the 80–89.9% occupancy band · PDF p. 56
    15. [15]Item 19 — Locations counted not stated in the reviewed record — 2025 company-owned locations achieving the 70–79.9% occupancy band · PDF p. 56
    16. [16]Item 19 — Locations counted not stated in the reviewed record — 2025 company-owned locations achieving the below 70% occupancy band · PDF p. 57
    17. [17]Outlet counts — Item 20, Table 1 · PDF p. 57

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    688 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2026marketing fund income$2,153,982
    2026marketing expense$511,128
    2026franchisee relations$1,300
    2026financial instruments- equity securities$15,259,000
    2026warehousing and logistics expense$44,943
    2026other income$196,994
    2026right -of-use leased assets$62,656,049
    2026repairs & maintenance expense$746,172
    2026labor expense$4,391,810
    2026accounts receivable, net$2,911,890
    2026other current asset$3,965
    2026change in operating assets/liabilities prepaids-$131,159
    2026total current assets$13,016,882
    2026operating expense$16,960,423
    2026intangible assets$143,949,584
    2026current portion of lease liabilities$11,596,758
    2026short term debt$1,830,000
    2026debt issuance costs-$2,673,616
    2026total liabilities$270,484,447
    2026lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$52,678,621
    2026net-$10,011,508
    2026share based compensation$163,990
    2026lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$3,993,406
    2026otherMore than one value recorded for this year — open the FDD source before comparing$14,070
    2026lease expense$4,789,256
    2026inventoryMore than one value recorded for this year — open the FDD source before comparing$98,311
    2026rental income$8,839,360
    2026sales revenue$3,536,252
    2026franchise income$8,112,115
    2026genius revenue$126,667
    2026net sales$22,965,370
    2026cost of goods sold$1,675,281
    2026utility expense$564,513
    2026net insurance expense$75,704
    2026royalty expenses$834,516
    2026general & administrative expenses$1,135,754
    2026z training & support$34,412
    2026marketing fund expenses$2,154,970
    2026franchisee conference$69
    2026operating income$6,004,947
    2026non operating income$313
    2026non operating expense$16,016,768
    2026consolidated net loss-$10,011,508
    2026cash and cash equivalents$8,154,732
    2026inventoryMore than one value recorded for this year — open the FDD source before comparing$894,592
    2026current portion of prepaid franchise costs$141,894
    2026prepaid expenses$909,810
    2026property and equipment$38,324,285
    2026goodwill$119,877,038
    2026deposits$948,245
    2026prepaid franchise-costs net of current portion$1,696,376
    2026total other assets$17,903,621
    2026total assets$395,727,459
    2026current liabilities accounts payable$1,839,109
    2026current portion of settlement obligations$60,025
    2026current portion of deferred revenue$643,069
    2026accrued and other current liabilities$4,554,340
    2026total current liabilities$20,523,301
    2026long term debt$186,747,794
    2026other long-term liabilities settlement obligations$21,913
    2026deferred revenueMore than one value recorded for this year — open the FDD source before comparing$13,186,435
    2026member's equity$125,243,012
    2026total liabilities and stockholders' deficit$395,727,459
    2026deprecation$1,948,779
    2026amortization of debt issuance costs$127,315
    2026non cash lease expense$3,193,164
    2026otherMore than one value recorded for this year — open the FDD source before comparing-$20,423
    2026ar$41,735
    2026ap-$820,139
    2026accrued other$651,885
    2026deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$233,305
    2026cash flow from investing purchase of fixed assets-$996,034
    2026net cash used by investing activities-$996,034
    2026cash flow from financing activites net repayment/(proceeds) from debt-$457,500
    2026distributions-$114,013
    2026net cash used by financing activities-$571,513
    2026net increase/(decrease) in cash-$2,575,348
    2026cash beginning of period$10,730,080
    2025total other assets$17,918,740
    2025other long-term liabilities settlement obligations$36,271
    2025liabilities and member's equity current liabilities accounts payable$2,676,029
    2025spa service revenue$15,382,897
    2025current portion of settlement obligations$60,025
    2025prepaid franchise costs - net of current portion$1,680,669
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$13,413,977
    2025cash flows from operating activities consolidated net loss-$36,447,714
    2025operating loss-$15,869,696
    2025loss on disposal of asset$1,247,236
    2025franchise marketing fees$9,140,179
    2025depreciation$8,691,183
    2025payment-in-kind interest$4,321,247
    2025prepaid franchise costs-$453,571
    2025depositsMore than one value recorded for this year — open the FDD source before comparing$83,759
    2025distributions-$75,859
    2025net cash provided by operating activities$10,846,191
    2025supplemental cash flow information - cash paid for interest$14,775,860
    2025purchase of fixed assets-$4,215,500
    2025net cash used in investing activities-$4,215,500
    2025cash - end of year$10,687,606
    2025significant noncash transactions - operating leases entered into$13,232,853
    2025current portion of prepaid franchise costs$140,846
    2025total current assets$15,600,069
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$821,127
    2025depositsMore than one value recorded for this year — open the FDD source before comparing$42,462
    2025other current assets$5,270
    2025assets current assets cash$10,687,606
    2025accounts receivable - net$2,952,318
    2025inventoryMore than one value recorded for this year — open the FDD source before comparing$950,440
    2025depositsMore than one value recorded for this year — open the FDD source before comparing$979,071
    2025total assets$404,614,508
    2025current portion of deferred revenue$648,833
    2025accrued and other current liabilities$3,885,989
    2025total current liabilities$21,264,336
    2025total liabilities$269,412,269
    2025member's equity$135,202,239
    2025total liabilities and member's equity$404,614,508
    2025net sales royalties$31,053,950
    2025salon rental revenue$34,589,653
    2025franchise fees$2,491,968
    2025other revenue$992,046
    2025total net sales$93,650,693
    2025nonoperating income$433
    2025other income$834,773
    2025interest expense-$19,721,564
    2025other expense-$1,691,660
    2025total nonoperating expense-$20,578,018
    2025consolidated net loss-$36,447,714
    2025amortization$31,851,588
    2025bad debt expense$7,389
    2025stock compensation expense$1,387,767
    2025loss on interest rate swap$115,196
    2025amortization of debt costs$509,261
    2025noncash lease expense$972,092
    2025loss$1,247,236
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$101,069
    2025accounts receivable-$161,542
    2025accounts payable-$482,800
    2025accrued other$970,450
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$1,675,104
    2025inventoryMore than one value recorded for this year — open the FDD source before comparing$321,139
    2025other liabilities-$310,316
    2025payments on revolver-$1,750,000
    2025payments on long-term debt-$1,830,000
    2025net cash-$3,655,859
    2025net increase in cash$2,974,832
    2025cash - beginning of year$7,712,774
    2024amortization$31,958,570
    2024other revenue$936,301
    2024current portion of prepaid franchise costs$121,249
    2024total assets$440,117,311
    2024total current assets$12,671,557
    2024current portion of settlement obligations$60,025
    2024current portion of deferred revenue$577,847
    2024franchise fees$942,397
    2024impairment of trade nameMore than one value recorded for this year — open the FDD source before comparing$795,808
    2024interest expense-$21,586,189
    2024total nonoperating expense-$24,683,736
    2024other expense-$2,926,801
    2024bad debt expense$91,629
    2024other income$674,454
    2024loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$850,000
    2024accounts payable-$11,161
    2024net cash provided by operating activities$3,898,688
    2024purchase of fixed assets-$8,382,689
    2024net cash$6,329,482
    2024net cash used in investing activities-$8,382,689
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$719,100
    2024depositsMore than one value recorded for this year — open the FDD source before comparing$17,415
    2024other current assets$31,275
    2024assets current assets cash$7,712,774
    2024accounts receivable - net$2,798,165
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$1,271,579
    2024depositsMore than one value recorded for this year — open the FDD source before comparing$1,069,108
    2024prepaid franchise costs - net of current portion$1,246,695
    2024total other assets$17,574,803
    2024liabilities and member's equity current liabilities accounts payable$3,101,056
    2024accrued and other current liabilities$3,178,863
    2024total current liabilities$20,474,910
    2024other long-term liabilities settlement obligations$92,637
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$15,160,067
    2024total liabilities$269,779,266
    2024member's equity$170,338,045
    2024total liabilities and member's equity$440,117,311
    2024net sales royalties$28,531,436
    2024salon rental revenue$34,360,709
    2024franchise marketing fees$8,371,355
    2024spa service revenue$13,128,800
    2024total net sales$86,270,998
    2024operating loss-$17,982,104
    2024nonoperating income$4,800
    2024loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing-$850,000
    2024consolidated net loss-$42,665,840
    2024cash flows from operating activities consolidated net loss-$42,665,840
    2024depreciation$7,570,658
    2024amortization of debt costs$254,655
    2024noncash lease expense$3,224,994
    2024impairment of trade nameMore than one value recorded for this year — open the FDD source before comparing$795,808
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$62,060
    2024accounts receivable-$309,359
    2024prepaid franchise costs-$465,848
    2024depositsMore than one value recorded for this year — open the FDD source before comparing$24,746
    2024accrued other$927,393
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$638,761
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$395,456
    2024other liabilities$556,166
    2024cash flows from financing activities proceeds from revolver$3,500,000
    2024proceeds from long-term debt - net of debt issuance costs$182,047,517
    2024payments on long-term debt-$178,915,000
    2024distributions-$303,035
    2024net increase in cash$1,845,481
    2024cash - beginning of year$5,867,293
    2024cash - end of year$7,712,774
    2024supplemental cash flow information - cash paid for interest$18,713,897
    2024significant noncash transactions - operating leases entered into$26,696,796
    2023current portion of prepaid franchise costs$88,749
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing$14,054,884
    2023total liabilities and member's equity$458,895,790
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$166,191
    2023total current assets$11,033,362
    2023accrued and other current liabilities$1,640,602
    2023member's equity$213,306,920
    2023total liabilities$245,588,870
    2023net sales royalties$25,656,176
    2023loss-$70,837
    2023other expense-$1,782,924
    2023noncash lease expense$1,492,730
    2023amortization of debt costs$850,000
    2023net cash used in investing activities-$7,534,198
    2023net increase in cash$178,181
    2023cash flows from investing activities business acquisition - net of cash acquired-$3,445,353
    2023other liabilities-$604,128
    2023net cash provided by operating activities$1,220,730
    2023purchase of fixed assets-$4,088,845
    2023distributions-$1,508,351
    2023supplemental cash flow information - cash paid for interest$21,248,815
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$774,517
    2023depositsMore than one value recorded for this year — open the FDD source before comparing$40,344
    2023assets current assets cash$5,867,293
    2023other current assets$14,989
    2023accounts receivable - net$2,580,435
    2023inventoryMore than one value recorded for this year — open the FDD source before comparing$1,667,035
    2023depositsMore than one value recorded for this year — open the FDD source before comparing$1,093,854
    2023prepaid franchise costs - net of current portion$813,347
    2023total other assets$17,166,201
    2023total assets$458,895,790
    2023liabilities and member's equity current liabilities accounts payable$3,112,217
    2023current portion of settlement obligations$60,025
    2023current portion of deferred revenue$1,044,269
    2023total current liabilities$15,060,057
    2023other long-term liabilities settlement obligations$147,339
    2023salon rental revenue$31,190,203
    2023franchise fees$707,702
    2023franchise marketing fees$7,544,286
    2023spa service revenue$11,823,280
    2023other revenue$720,558
    2023total net sales$77,642,205
    2023disposal of goodwillMore than one value recorded for this year — open the FDD source before comparing$2,679,866
    2023operating loss-$21,447,416
    2023nonoperating income$5,793
    2023gain on sale of assets$70,837
    2023other income$408,613
    2023interest expense-$21,248,815
    2023total nonoperating expense-$18,732,496
    2023consolidated net loss-$40,179,912
    2023cash flows from operating activities consolidated net loss-$40,179,912
    2023amortization$32,139,451
    2023depreciation$6,516,983
    2023disposal of goodwillMore than one value recorded for this year — open the FDD source before comparing$2,679,866
    2023accounts receivable$348,866
    2023prepaid franchise costs-$902,096
    2023depositsMore than one value recorded for this year — open the FDD source before comparing-$103,101
    2023accounts payable$1,505,685
    2023accrued other$93,444
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing$1,492,220
    2023inventoryMore than one value recorded for this year — open the FDD source before comparing-$58,250
    2023proceeds from long-term debt - net of debt issuance costs$8,000,000
    2023net cash$6,491,649
    2023cash - beginning of year$5,689,112
    2023cash - end of year$5,867,293
    2023significant noncash transactions - operating leases entered into$3,251,520
    —operating expenses before disposal: 103,457,294$103,457,294
    —operating expenses before disposal: 108,273,153$108,273,153
    —net cash provided by operating activities:-$1,007,801
    —operating expenses before disposal: 96,409,755$96,409,755
    —cash end of period: 8,154,732$8,154,732

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

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    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.