Fantastic Sams Hair Salons vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fantastic Sams Hair Salons 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
 
Fantastic Sams Hair Salons Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $215,000 - $479,000$145,500 - $1,111,000
Franchise Fee $30,000N/A
Royalty Fee $362+/wk.-
Advertising Fee $142/week-
Year Founded 19742004
Year Franchised 19762018
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Varies-


Business Experience Requirements
 
Fantastic Sams Hair Salons Franchise
Salon Professional Education Company (SPEC) Franchise
Experience
  • General business experience
    		• -

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

    Training & Support
     
    Fantastic Sams Hair Salons Franchise
    Salon Professional Education Company (SPEC) Franchise
    Training Available in MA: 1 week Salon Fundamentals

    At regional office: ongoing On-The-Job Training: ongoing Classroom Training: 32 hours

    		-
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
    Operations 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 8

    		-

    Expansion Plans
     
    Fantastic Sams Hair Salons Franchise
    Salon Professional Education Company (SPEC) Franchise
    US Expansion YesYes
    Canada Expansion Yes-
    International Expansion No-

    Company Overviews

    About Fantastic Sams Hair Salons

    Join a Franchise that:
     * Is Recession Resistant
     * Is A Leader in its Category
     * Does not require previous experience
     * Has a low investment
     * Offers Single & Multi-Unit Development Opportunities
    Owning a Fantastic Sams Hair Salon franchise is a great investment because:
     * The hair care business is large, growing, recession resistant and immune to technology or other competitive forces. Hair is always growing and the demand for more services and personal attention by today's consumer creates a great opportunity for the right hair salon business model. The American Salon's Green Book, the bible of the salon business, cites numerous hair care business trends that greatly favor the Fantastic Sams hair salon franchise model
     * As a leading hair salon franchise, Fantastic Sams Hair Salon has been featured in some of the top industry and business publications
    o Entrepreneur Magazine
     o Franchise 500 - #1 Full Service Hair Salon Franchise; #50 overall
     o Franchise Times - #54 of Top 200 Franchises
     o Black Enterprise - Top Franchises for African Americans
     o Poder Enterprise Magazine - Top Franchises for Hispanics
     o USA Today - Top Franchises for Minorities
    * You don't need to have any previous experience in the Hair Salon Business. Whether you are interested in developing single or multiple salons, as an owner of a Fantastic Sams Hair Salon Franchise, each day you'll work on your business, not in your business. Using your skills in marketing, employee relations, and business management, you dictate the success of your salon or salons.
     * In the hair care business, Fantastic Sams Hair Salon fills a large niche that no one else is exploiting - the full-service salon at reasonable prices. And with a low initial investment, owning a  Fantastic Sams Hair Salon Franchise is a great business decision.

    Veteran Incentives  25% off franchise fee
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    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.