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Updated RecentlySharkey's Hair It Is vs Salon Professional Education Company (SPEC) Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Sharkey's Hair It Is 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 | $106,170 - $138,995 | $145,500 - $1,111,000 |
| Franchise Fee | $99,995 | N/A |
| Royalty Fee | $1000/Month | - |
| Advertising Fee | - | - |
| Year Founded | - | 2004 |
| Year Franchised | - | 2018 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | We seek positive, customer focused people who are highly motivated with a desire and commitment to build a successful business while having fun. | - |
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 | 4 day comprehensive training | - |
| Support | Site selection & negotiation *Salon design and layout *Grand opening and continuous marketing programs *On-site assistance during grand opening week *Owners meetings to discuss operations and marketing | - |
| Marketing | - | - |
| Operations | For single salon owners we do not require you to work full-time or part-time in the salon. Multi-store owners should work part-time or hire a manager. | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Sharkey's Hair It Is
We are the most innovative and entertaining salon for both men, women, and children around the globe. Our proven business models, which feature lower than average royalties and three revenue streams, gives you the best opportunity for success.
Hair it is offers our clients a cutting-edge salon where they can enter
with the confidence, and they will emerge looking and feeling better
than before! We strive to provide friendly and professional service in
an inviting environment. Women and Teens will be tended to by stylists
professionally trained in the latest styles and trends, incorporating
cutting edge techniques and decor. All at affordable prices! Haircuts,
color, blowouts, straightening, highlights, styling, Sharkey’s will
satisfy all your requests!
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.