Question 1

How many Salon Professional Education Company (SPEC) franchise locations are there?

Accepted Answer

Salon Professional Education Company (SPEC) currently has 34 total units, including 34 franchised locations and 0 company-owned locations.

Question 2

Is the Salon Professional Education Company (SPEC) franchise system growing or shrinking?

Accepted Answer

Salon Professional Education Company (SPEC) has experienced negative net growth of -5.6% over the past year, with a 3-year compound annual growth rate (CAGR) of -1.0%.

Question 3

What is the franchise vs. company-owned ratio for Salon Professional Education Company (SPEC)?

Accepted Answer

Salon Professional Education Company (SPEC) has a franchise ratio of 100%, meaning 100% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many Salon Professional Education Company (SPEC) franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Salon Professional Education Company (SPEC) had 3 units opened and 1 units closed.