Question 1

Does SPEC (Salon Professional Education Company) franchise offer exclusive territory?

Accepted Answer

SPEC (Salon Professional Education Company) offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the SPEC (Salon Professional Education Company) franchise agreement term length?

Accepted Answer

The initial franchise agreement term for SPEC (Salon Professional Education Company) is 15 years. Franchisees may renew up to 1 time for 15-year periods. The total potential term is 30 years.

Question 3

What is the non-compete clause for SPEC (Salon Professional Education Company) franchise?

Accepted Answer

The SPEC (Salon Professional Education Company) franchise non-compete clause extends for 2 years within a 50-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a SPEC (Salon Professional Education Company) franchise?

Accepted Answer

Yes, SPEC (Salon Professional Education Company) allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $25,000 applies.