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Updated RecentlyCherry Blow Dry Bar vs Salon Professional Education Company (SPEC) Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cherry Blow Dry Bar 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 |
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| Investment | $218,600 - $392,500 | $145,500 - $1,111,000 |
| Franchise Fee | $39,000 | N/A |
| Royalty Fee | 7% | - |
| Advertising Fee | 2% | - |
| Year Founded | 2012 | 2004 |
| Year Franchised | 2013 | 2018 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | We're looking for business-minded entrepreneurs who: *Are passionate and committed to success *Have strong business and management skills *Believe that helping others is rewarding Cherry Blow Dry Bar franchisees are required to have a minimum of $75,000 in liquid assets, and a minimum net worth of $350,000. In addition, having experience in franchising, running a business, or operating a multi-site operation is useful, but not necessary, because of our comprehensive training and ongoing support. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | *Blow-dry techniques *Up-selling skills *Retail product knowledge Our Junior Program is second to none. We fast-track junior stylists so that they're working in weeks, not months, ensuring your labor costs are kept to a minimum. | - |
| Support | *Monthly store visits from franchise business representatives *Ongoing feedback regarding store performance and optimization *An arsenal of tools that ensure each store is operating at optimal efficiency *Unique remote access to point-of-sales systems and reporting features, to oversee and advise franchisees | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About Cherry Blow Dry Bar
'The blowout category', is quickly growing into what has become a $40 billion a year global hair salon industry. There is no end in sight for the growth of this industry, and with a sound, proven business model and operational method in place, Cherry Blow Dry Bar offers you a way to get into an exploding industry without having to figure it out on your own.
Cherry Blow Dry Bar is an expanding franchise that provides premium express services including blowouts, hair extensions, makeup services and treatments for a perfectly finished look, all at affordable prices through a unique membership model.
Under new ownership of franchise veterans Fred Vicario and Steve Vicario, the blowout category has been reinvented to meet the growing demand for the best level of hair styling, while also providing a business opportunity to entrepreneurs interested in this booming industry.
About Salon Professional Education Company (SPEC)
!["SPEC]("https://fddexchange.com/wp-content/uploads/2021/02/SPEC-Salon-Professional-Education-Company.jpg")