Noufal Haircolor Studio vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Noufal Haircolor Studio 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

 
Noufal Haircolor Studio Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $190,550 - $340,600$145,500 - $1,111,000
Franchise Fee $38,000 - $39,500N/A
Royalty Fee --
Advertising Fee --
Year Founded 19942004
Year Franchised 20122018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Noufal Haircolor Studio Franchise
Salon Professional Education Company (SPEC) Franchise
Experience --

Financing Options

 
Noufal Haircolor Studio 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

 
Noufal Haircolor Studio Franchise
Salon Professional Education Company (SPEC) Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Noufal Haircolor Studio Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Noufal Haircolor Studio

Noufal Haircolor Studio has been in business for more than 15 years, specializes in expert hair care to include color and Keratin treatments while also providing nail, makeup and waxing services. With a popular Northern Virginia destination already established for both men and women looking for experienced, award-winning stylists, owner Joey Noufal is eager to expand the brand and provide entrepreneurs with a chance to be a part of the Noufal Haircolor Studio family. In the coming year, Noufal plans to open three to five franchise locations in DC, Maryland and Virginia. Entrepreneurs and franchisees can look forward to a hands-on accelerated learning process with Noufal helping at every step of the way. Joining the Noufal team will give franchisees access to their proven system for great customer retention, as well as exclusive discounts on salon use products and corporate support. Noufal plans to extensively train all front desk coordinators, shampoo assistants, managers and hair stylists to provide them with the knowledge needed to be successful. Franchisees will also have access to advancement and continuing education classes for all employees. "We've had the pleasure of servicing the Washington elite over the last 15 years and we look forward to continuing that service over the coming years," said owner Joey Noufal. "Investing in a Noufal Haircolor Studio is a low risk venture for entrepreneurs, given the brand recognition and community outreach we've engaged in over the last decade and a half for customer retention." As the business has continued to grow and expand over the last decade, Joey has involved Noufal Haircolor Studio in the community around him, often donating haircuts and other spa treatments to benefit charities like the Leukemia & Lymphoma Society (LLS). Earlier this year, Noufal Haircolor Studio participated in Cut for the Cure, an LLS campaign for which the salon donated an entire day's worth of haircuts to help fight blood cancers. For more information about franchise opportunities, interested parties should reach out to Joey Noufal at Joey(at)noufalhaircolorstudio(dot)com.

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.