The Lemon Tree vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Lemon Tree 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
 
The Lemon Tree Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $161,206 - $232,572$145,500 - $1,111,000
Franchise Fee $32,500N/A
Royalty Fee 6%-
Advertising Fee --
Year Founded 19742004
Year Franchised 19762018
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements
 
The Lemon Tree Franchise
Salon Professional Education Company (SPEC) Franchise
Experience --

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

Training & Support
 
The Lemon Tree Franchise
Salon Professional Education Company (SPEC) Franchise
Training Additional training available as needed-
Support Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives-
Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
Operations 15% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 5 - 10

Absentee ownership of franchise is NOT allowed. (60% of current franchisees are owner/operators)

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

Company Overviews

About The Lemon Tree

Lemon Tree Hair Salons is proud to be a national brand of locally owned and operated hair salons. We are a large family of professional hair salons, all locally owned and operated in many areas of the country. We at Lemon Tree Hair Salons are proud of our brand's rich history of providing high quality salon services at value pricing for the past 45 years! We value our amazing talent and are always excited to offer our full range of value priced, professional salon services, including Haircuts. So please, next time you find yourself searching online for "Haircuts near me", feel free to visit your local salon and discover for yourself the Lemon Tree difference!
The Lemon Tree was founded in 1974 to provide family haircuts. When Joan M. Cable purchased her first salon in Bethpage, New York, this mother of three kept the salon open from 8 a.m. to 10 p.m. seven days a week.

Today, nearly 100 franchises offer services ranging from haircuts and styling to beard and mustache trim, updos, body waves, highlighting, coloring and permanents.

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.