Jon'Ric International vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jon'Ric International 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
 
Jon'Ric International Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $65,000 - $399,999$145,500 - $1,111,000
Franchise Fee $35,000N/A
Royalty Fee 2%-
Advertising Fee --
Year Founded 19832004
Year Franchised 20032018
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Jon'Ric International Franchise
Salon Professional Education Company (SPEC) Franchise
Experience

General business experience

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Financing Options
 
Jon'Ric International Franchise
Salon Professional Education Company (SPEC) Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Jon'Ric International Franchise
Salon Professional Education Company (SPEC) Franchise
Training --
Support

Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures

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Marketing

National & Regional advertising

-
Operations

33% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 10

Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

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Expansion Plans
 
Jon'Ric International Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion Yes-

Company Overviews

About Jon'Ric International

Jon'Ric International is the pioneer of the "Upscale Custom Franchise Specialty Spa". We hold a strong position in the Beauty and Wellness Industry with a high quality of services and products. Jon'Ric International is only selectively distributing salon & day spa franchises and license agreements after careful due diligence of applicants for national and international development. We only accept individuals or groups with a solid business and financial background to carry the Jon'Ric name. Advantages and benefits... We offer unique advantages and benefits that are rarely found in the industry anywhere else. Our highest standards set the framework of requirements to become a member of Jon'Ric International.

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.