SBA 7(a)/504 FOIA · FY1991–PRESENT · FLORIDA
My Salon Suite franchise in Florida: what the public record shows
Franchisees of My Salon Suite in Florida have taken 5 SBA loans since 1991 (average $1,040,860)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 0.0% is the better guide. Its latest FDD Item 20 state table reports 16 franchised outlets in Florida (fiscal 2016) — about 0.07 per 100k residents.
Loans in FL
5
Resolved
5
Local charge-off
thin
National charge-off
0.0%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = FL. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
Businesses in this industry
8,318
statewide, all operators
Per 100k residents
35.6
national 26.6
Versus the country
+34%
denser
Every business in My Salon Suite's industry operating in Florida — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2014 | 9 | — |
| 2015 | 14 | — |
| 2016 | 16 | — |
| System | Loans in FL | Local charge-off | Units in FL |
|---|---|---|---|
| Planet Beach | 53 | 82.6% | — |
| European Wax Centers-Galleria | 35 | 9.7% | — |
| Fantastic Sams | 31 | 20.0% | — |
| GREAT CLIPS | 29 | 12.0% | — |
| Hand and Stone Massage and Facial Spa | 29 | 0.0% | — |
| MassageLuXe Spa | 24 | 0.0% | 24 |
| SUPERCUTS | 22 | 0.0% | 142 |
| Amazing Lash Studio | 15 | thin | 26 |
| Restore Hyper Wellness | 13 | thin | — |
| The Lash Lounge | 11 | thin | — |
| Deka Lash | 8 | thin | — |
| Hollywood Tans | 8 | thin | — |
Same sector, same state, same public records — how My Salon Suite compares to the systems a buyer in Florida would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing My Salon Suite's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →