Snip-Its vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Snip-Its vs Salon Professional Education Company (SPEC) including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Snip-Its Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $124,595 - $220,375$145,500 - $1,111,000
Franchise Fee $20,000 - $35,000N/A
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 19922004
Year Franchised 20032018
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of initial fee-


Business Experience Requirements
 
Snip-Its Franchise
Salon Professional Education Company (SPEC) Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Snip-Its Franchise
    Salon Professional Education Company (SPEC) Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Snip-Its Franchise
    Salon Professional Education Company (SPEC) Franchise
    Training On-The-Job Training: 80 hours Classroom Training: 34 hours -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
    Operations 75% of all franchisees own more than one unit

    Absentee Ownership Allowed

    Number of Employees Required to Run: 6 - 10

    		-

    Expansion Plans
     
    Snip-Its Franchise
    Salon Professional Education Company (SPEC) Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Snip-Its

    Snip-its franchise has changed the dynamic of children's haircare by turning what has traditionally been considered a mundane and often unpleasant experience into a fun-filled adventure. The Snip-its franchise features memorable branding, our own cast of cartoon characters, interactive computer play stations, the Magic Box, and a complete line of haircare products formulated just for kids. These, along with our proprietary point of sale, proven marketing system and specially trained stylists represent one of the most innovative franchise opportunities available.

    About Salon Professional Education Company (SPEC)

    "SPEC

    Salon Professional Education Company is a network of amazing schools producing salon-ready professionals all across the country. Our leadership team is comprised of seasoned industry executives, educators, franchise experts, and business owners from many walks of life. The diverse nature of this group brings a unique insight and perspective to the beauty school industry and has led to the development of one of the strongest beauty school franchise systems in the nation.

    The total investment necessary to begin operation of a new TSPA, ESI or SPA Salon Professional Education Company beauty school franchised business is $668,000 to $1,111,000 for the model that includes hairstyling and $448,000 to $838,000 for the model that does not include hairstyling. This includes $45,000 that must be paid to the franchisor or its affiliates. This applies regardless of the service mark you may choose for operating your franchise.
    The total investment necessary to convert an existing beauty school is $145,500 to $628,500. This also includes the $45,000 that must be paid to the franchisor or its affiliates, and applies regardless of the service mark you may choose for operating your franchise.