The Lash Lounge vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Lash Lounge 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

 
The Lash Lounge Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $178,471 - $495,152 $145,500 - $1,111,000
Franchise Fee $33,167 - $49,500 N/A
Royalty Fee 6% -
Advertising Fee 2% -
Year Founded 2006 2004
Year Franchised 2010 2018
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
The Lash Lounge Franchise
Salon Professional Education Company (SPEC) Franchise
Experience - -

Financing Options

 
The Lash Lounge Franchise
Salon Professional Education Company (SPEC) Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
The Lash Lounge Franchise
Salon Professional Education Company (SPEC) Franchise
Training

Our training program consists of two weeks training with the corporate support team prior to opening for business and additional training and support following. We provide a comprehensive training program using combined methods of learning for all levels of employment within The Lash Lounge salon.

-
Support - -
Marketing - -
Operations - -

Expansion Plans

 
The Lash Lounge Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion Yes Yes
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
The Lash Lounge Franchise
$178,471 - $495,152
Salon Professional Education Company (SPEC) Franchise
$145,500 - $1,111,000
Franchise Fee
The Lash Lounge Franchise
$33,167 - $49,500
Salon Professional Education Company (SPEC) Franchise
N/A
Royalty Fee
The Lash Lounge Franchise
6%
Salon Professional Education Company (SPEC) Franchise
-
Advertising Fee
The Lash Lounge Franchise
2%
Salon Professional Education Company (SPEC) Franchise
-
Year Founded
The Lash Lounge Franchise
2006
Salon Professional Education Company (SPEC) Franchise
2004
Year Franchised
The Lash Lounge Franchise
2010
Salon Professional Education Company (SPEC) Franchise
2018
Term Of Agreement
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-
Renewal Fee
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-


Business Experience Requirements

Experience
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
The Lash Lounge Franchise
-/-
Salon Professional Education Company (SPEC) Franchise
-/-
Start-up Costs
The Lash Lounge Franchise
-/-
Salon Professional Education Company (SPEC) Franchise
-/-
Equipment
The Lash Lounge Franchise
-/-
Salon Professional Education Company (SPEC) Franchise
-/-
Inventory
The Lash Lounge Franchise
-/-
Salon Professional Education Company (SPEC) Franchise
-/-
Receivables
The Lash Lounge Franchise
-/-
Salon Professional Education Company (SPEC) Franchise
-/-
Payroll
The Lash Lounge Franchise
-/-
Salon Professional Education Company (SPEC) Franchise
-/-

Training & Support

Training
The Lash Lounge Franchise

Our training program consists of two weeks training with the corporate support team prior to opening for business and additional training and support following. We provide a comprehensive training program using combined methods of learning for all levels of employment within The Lash Lounge salon.

Salon Professional Education Company (SPEC) Franchise
-
Support
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-
Marketing
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-
Operations
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-

Expansion Plans

US Expansion
The Lash Lounge Franchise
Yes
Salon Professional Education Company (SPEC) Franchise
Yes
Canada Expansion
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-
International Expansion
The Lash Lounge Franchise
-
Salon Professional Education Company (SPEC) Franchise
-

Company Overviews

About The Lash Lounge

The Lash Lounge franchise provides women and men from all career and personal backgrounds with the opportunity to own your own business and get in on the ground floor of one of the fastest growing industries. The express, personal care services industry is growing quickly. The U.S. beauty industry is estimated to reach $63 billion by 2016, growing at a rate faster than the economy average. Lash Lounge owners enjoy the comforts of working in a relaxing, yet up-beat working environment, providing a service that helps people feel better about themselves and earn a desirable income - all while working a schedule that compliments their lifestyle.
Our franchise discovery process allows people like you to take a peek inside our business model, support infrastructure, comprehensive training, marketing platforms and company culture before joining the team! Eyelash extensions are the newest revolution in the industry. The application of individual synthetic eyelash extensions by highly trained professionals gives the appearance of naturally longer, more lush eyelashes. Unlike drug store eyelash strips or clusters, eyelash extensions are adhered to the natural lash one-by-one and will last forever with regular maintenance. The service is growing in popularity with women everywhere because of the low-maintenance beauty routine and effortless glamour it offers.
The Lash Lounge provides a high-end customer experience using top of the line products, cutting edge techniques and excellent customer service. What makes The Lash Lounge franchise different? There is no direct franchise competition. We are the #1 eyelash extension franchise in the country! Our award winning store design optimizes revenue potential while providing guests with a one-of-a-kind customer experience. We provide all owners with comprehensive pre-opening training and a customized on-going support program to meet your needs. All owners receive marketing and employee management training to replicate The Lash Lounge culture in their own salon. Our service techniques, medical grade products, cutting edge tools and top-notch customer service outperforms the competition. Our repeat clientele trust The Lash Lounge brand and given us the reputation as "the best in the business". No beauty industry experience is required. Just a desire to achieve your goals!

The total investment necessary to begin operation of a The Lash Lounge® Salon ranges from $178,471 to $495,152. This includes the $70,863 to $81,588 that must be paid to the franchisor or affiliate.
If you are acquiring the right to open three or five locations under our development agreement, instead of paying the franchisor the $49,500 initial franchise fee you will pay to us either $99,500 for the development of three Salons or $149,500 for the development of five Salons under the terms of their development agreement.


"Entrepreneur
#312 in Franchise 500 for 2020.
#105 in Franchise 500 for 2021.


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.