Question 1

How much does it cost to open a Salon Professional Education Company (SPEC) franchise?

Accepted Answer

The total initial investment for a Salon Professional Education Company (SPEC) franchise ranges from $582K to $2.0M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Salon Professional Education Company (SPEC) franchise fee?

Accepted Answer

The initial franchise fee for Salon Professional Education Company (SPEC) is $49K.

Question 3

What are the net worth requirements for a Salon Professional Education Company (SPEC) franchise?

Accepted Answer

Net worth requirements for Salon Professional Education Company (SPEC) are specified in the Franchise Disclosure Document.

Question 4

Does Salon Professional Education Company (SPEC) require a personal guarantee?

Accepted Answer

Yes, Salon Professional Education Company (SPEC) requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Salon Professional Education Company (SPEC) franchise?

Accepted Answer

Equipment costs for a Salon Professional Education Company (SPEC) franchise range from $157K to $412K. Initial inventory costs range from $20K to $30K.