Chatters Salon and Beauty Supply vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Chatters Salon and Beauty Supply 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

 
Chatters Salon and Beauty Supply Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $400,000 - $700,000$145,500 - $1,111,000
Franchise Fee $40,000N/A
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 19882004
Year Franchised 19912018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Chatters Salon and Beauty Supply Franchise
Salon Professional Education Company (SPEC) Franchise
Experience --

Financing Options

 
Chatters Salon and Beauty Supply Franchise
Salon Professional Education Company (SPEC) Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Chatters Salon and Beauty Supply Franchise
Salon Professional Education Company (SPEC) Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Chatters Salon and Beauty Supply Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion --

Company Overviews

About Chatters Salon and Beauty Supply

We take pride in helping independent business owners build thriving salons and beauty stores that serve the needs of our customers. Our vision is to deliver a promise of beauty through our retail products and a menu of quality salon services. Our programs are comprehensive and far reaching. Franchisees benefit from a turn key operation and winning advantages: Unprecedented retail sales Excellent margins Purchasing power Alliance with industry leaders Dynamic marketing Unmatched variety Advanced training Recognizable brand Ongoing support By joining Chatters and becoming a Franchisee, you are joining an elite franchise group that has consistently been the industry leader in the hair care industry in Canada for over 20 years. Our experience and expertise in this unique and growing industry is what will take your franchise over the top and ensure longevity as the industry and market evolves and changes. Our company will continue to strive to be the leader and innovator in our industry. This is accomplished through large amounts of investment in time and resources in constantly developing and improving our business and operations to ensure we are always a step ahead of the competition. Join Chatters if you want to be a leader in the hair care industry today, and in the future.

"Top
#90 in Canada's Top franchises.

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.