Bishops Barbershop vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Bishops Barbershop 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

 
Bishops Barbershop Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $213,000 - $294,000$145,500 - $1,111,000
Franchise Fee N/AN/A
Royalty Fee --
Advertising Fee --
Year Founded 02004
Year Franchised 20082018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Bishops Barbershop Franchise
Salon Professional Education Company (SPEC) Franchise
Experience --

Financing Options

 
Bishops Barbershop Franchise
Salon Professional Education Company (SPEC) Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Bishops Barbershop Franchise
Salon Professional Education Company (SPEC) Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Bishops Barbershop Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Bishops Barbershop

Our team has many years of barbershop, retail and franchising experience. We have a hands-on approach that is delivered in our training and field support to franchisees. We work with you at each step you take in developing your Bishops Barbershop business. An end-to-end solution is provided, including Bishops' point of sale system and integrated information system. Administrative support is provided in person and on-line. We train you in how to create the Bishops mystique in your market so that you are building your own business while building our mutual brand. Your protected territory based on population and site location qualification is provided by the corporate team. A Bishops is economical in its cost of development and build-out using local off the shelf materials and supplies. We know that once customers try us, they will become regulars, because Bishops is more than a place to get a haircut; it's a lifestyle. We are a 21st century version of the old barbershops you see in the movies. People come in to hang out, talk, have a good time and get high-end salon quality services without the pretentiousness or expensive prices.

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.