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Updated RecentlyLord's & Lady's Hair Salons vs Salon Professional Education Company (SPEC) Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lord's & Lady's 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 |
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| Investment | $50,000 - $175,000 | $145,500 - $1,111,000 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1975 | 2004 |
| Year Franchised | 1980 | 2018 |
| Term Of Agreement | 10 years +10 | - |
| Term Of Agreement | 10 years +10 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
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 | Boston, MA 2-5 Days | - |
| Support | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | - |
| Marketing | - | - |
| Operations | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Lord's & Lady's Hair Salons
Service and retail mall locations which normally do 50% men and 50% women in sales.
At Lord's & Lady's Hair Salons, we
pride ourselves in providing our customers with the perfect cuts,
colors, perms and other hair services, along with the highest quality of
customer service. Our stylists are highly trained in today's latest
hair trends and attend regular classes with major styling educators.
Founded 1971 in Boston, Massachusetts, Lord's & Lady's Hair Salons has been servicing the New England area as a full service beauty salon. Salons located throughout New England.
About Salon Professional Education Company (SPEC)
!["SPEC]("https://fddexchange.com/wp-content/uploads/2021/02/SPEC-Salon-Professional-Education-Company.jpg")
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.