Supercuts vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Supercuts 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
 
Supercuts Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $151,370 - $321,020$145,500 - $1,111,000
Franchise Fee $39,500N/A
Royalty Fee 6%-
Advertising Fee 5%-
Year Founded 19752004
Year Franchised 19792018
Term Of Agreement Conditional-
Term Of Agreement Conditional-
Renewal Fee Remodeling costs-


Business Experience Requirements
 
Supercuts Franchise
Salon Professional Education Company (SPEC) Franchise
Experience
  • General business experience
  • Marketing skills
  • Retail/service industry experience useful
    		• -

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

    Training & Support
     
    Supercuts Franchise
    Salon Professional Education Company (SPEC) Franchise
    Training Training center utilized-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations-
    Marketing Ad slicks, National media-
    Operations Franchisees required to buy multiple units/master licenses; 82% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 8

    Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators)

    		-

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

    Company Overviews

    About Supercuts

    Supercuts' originator, EMRA Corp. was established in 1975 by Geoffrey M. Rappaport and Frank E. Emmett. The general population organization has been diversifying since 1979. Supercuts Inc. procured EMRA in 1987. It's situated in Minneapolis, Minnesota, and has areas all through the United States.

    Owning, working, or diversifying more than 10,000 salons around the world, Regis Corporation has an unmatched profundity of mastery for building salons that flourish. A Fortune 1000 organization, we are headquartered in Minneapolis, Minn. also, publically exchanged on the NYSE (RGS).

    Our relentless duty to a positive visitor encounter has made Regis the worldwide pioneer in hair mind administrations and instruction, which you can put to utilize quickly as a franchisee. You won't locate a more grounded partner in the quest for your expert objectives.

    Claim a Business Everyone Needs. With a Brand Everyone Loves.

    When you fill a need, and show improvement over the rest, you have the formula for surprising development. That is the magnificence of diversifying with a world pioneer in hair mind.

    Franchisor is seeking new franchisees throughout the U.S., Canada, Western Europe
    Veteran Incentives
    $2,500 rebate on first-store franchise fee

    "Entrepreneur

    #26 in Franchise 500 for 2020.
    #15 in Franchise 500 for 2021.




    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.