Hairhouse Warehouse vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hairhouse Warehouse 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

 
Hairhouse Warehouse Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $350,000 - $550,000$145,500 - $1,111,000
Franchise Fee $66,000N/A
Royalty Fee 6%-
Advertising Fee 3%-
Year Founded 19922004
Year Franchised 19982018
Term Of Agreement 7 years+7-
Term Of Agreement 7 years+7-
Renewal Fee --


Business Experience Requirements

 
Hairhouse Warehouse Franchise
Salon Professional Education Company (SPEC) Franchise
Experience Passion; Enthusiasm; Financial Security; Self Motivation; Team Leadership Skills; Willingness to work with a positive attitude.-

Financing Options

 
Hairhouse Warehouse 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

 
Hairhouse Warehouse Franchise
Salon Professional Education Company (SPEC) Franchise
Training Industry leading training and development Every new franchisee goes through a comprehensive induction program. This program covers a range of administrative skills and hands-on training key to a successful Hairhouse Warehouse franchise. All training is run in our most successful, best-practice stores. Our training doesn't stop when we hand you the keys. From day one, new franchisees one-on-one mentoring from a member of the operations team to ensure that you have the knowledge and tools to succeed as a long term franchisee with Hairhouse Warehouse. We take a multi-channel approach to training. We've aligned ourselves with multiple training providers all recognised as leaders in their areas of specialisation. They are there to help you meet some of the more specific needs of your business. We offer the very best training across the core areas of our business: salon services, retail and business management. Access to training and development programs is not dependant on store locations � we ensure that all training is available no matter where you are.-
Support --
Marketing National marketing support All our franchises have access to the Hairhouse Warehouse Marketing Fund. This means you can develop marketing and advertising for your franchise, when and where you need it. We've sought out the best and brightest marketing and advertising professionals the industry has to offer to make sure your store does as well as it possibly can. You can develop marketing across a range of mediums: TV Radio Retail catalogues Magazines Press Web-
Operations The majority of our Franchisee's are not hairdresser, their staff are. We look for motivated, enthusiastic people, passionate about the brand and the idea of owning an exciting and rewarding retail business. The HHWH concept has been proven time and time again and replicated continuously throughout Australia so incoming Franchisee's can be confident they will have all the tools necessary to succeed in the franchise operation.-

Expansion Plans

 
Hairhouse Warehouse Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion -Yes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Hairhouse Warehouse

We'll help you get ahead As a part of Hairhouse Warehouse, you'll be able to take advantage of our great buying power. This means you can offer your customers better prices on more brands. You'll also have access to our proven operating system that we've been using for 20 years. With a simple turnkey operation, the Hairhouse network just keeps on growing � we've opened over 130 stores and are always welcoming new branches to the family. Multiple revenue streams As a Hairhouse Warehouse franchisee, you will not only be able to offer your customers a massive array of professional hair care and beauty products, but also a range of industry-leading hair and beauty services. Having a range of revenue streams is a core part of any healthy business. It helps you maintain a steady income year round. With a Hairhouse Warehouse franchise, you can take advantage of well-established business offering a range of strategically-chosen revenue streams: A massive range of hair and beauty products Full-service Matrix salon Hair extensions Body piercing Spray tanning Manicures and pedicures Waxing Makeup and beauty And heaps more! Work for yourself, not by yourself Tap into the expertise of seasoned professionals to get advice from our entire support network including marketing, operations, buying, franchising, IT and finance departments. Hairhouse Warehouse has sourced fully approved bank accreditation with a number of leading Australian banks including CBA, ANZ and Westpac subject to individual application and approval.

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.