Famous Toastery vs Salon Professional Education Company (SPEC) Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Famous Toastery 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

 
Famous Toastery Franchise
Salon Professional Education Company (SPEC) Franchise
Investment $600,500 - $1,024,500$145,500 - $1,111,000
Franchise Fee $40,000N/A
Royalty Fee 5%-
Advertising Fee 1%-2%-
Year Founded 20052004
Year Franchised 20132018
Term Of Agreement 10 Years-
Term Of Agreement 10 Years-
Renewal Fee 0-


Business Experience Requirements

 
Famous Toastery Franchise
Salon Professional Education Company (SPEC) Franchise
Experience --

Financing Options

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

Training & Support

 
Famous Toastery Franchise
Salon Professional Education Company (SPEC) Franchise
Training On-The-Job Training: 744 hours Classroom Training: 32 hours -
Support Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection -
Marketing Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations --

Expansion Plans

 
Famous Toastery Franchise
Salon Professional Education Company (SPEC) Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Famous Toastery

Share the Toastery Love

It’s no secret that breakfast, lunch and brunch restaurants have captured American’s hearts and the interest of restauranteurs nationwide. The hours are ideal. The table turnover is profitable. And as a bonus, you meet some remarkable customers along the way. If you’re interested in owning a Famous Toastery, you must have $250,000 in liquid cash and a net worth of $500,000 or more. Then, you’ll meet with our team so we can spill the beans and make sure we’re a good fit.
Veteran Incentives  20% off franchise fee



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.