Question 1

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

Accepted Answer

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

Question 2

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

Accepted Answer

SPEC (Salon Professional Education Company) 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 SPEC (Salon Professional Education Company)?

Accepted Answer

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

Question 4

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

Accepted Answer

In the most recent reporting year (2024), SPEC (Salon Professional Education Company) had 4 units opened and 2 units closed.