SPEC

Who are we

What to know about SPEC franchise? The Salon Professional Education Company (SPEC) was founded more than 15 years ago with the goal of creating a new type of beauty school. The company's focus on preparing students for success in the industry caught the attention of L'Oréal Professional Products Division in the US, which led to the collaborative development of The Salon Professional Academy as Redken's elite beauty school network. Today, SPEC operates a network of schools across the country that produce salon-ready professionals. The company's leadership team is comprised of seasoned industry executives, educators, franchise experts, and business owners from many walks of life. This diverse group brings a unique insight and perspective to the beauty school industry, which has led to the development of one of the strongest beauty school franchise systems in the nation. SPEC is based in Fargo, ND. Scroll down to learn more!How much does a SPEC franchise cost?Are you wondering how much is a SPEC franchise? Before starting a SPEC franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a SPEC franchise is $170,300 and can go all the way up to $1,670,800. Keep in mind, you should also allocate additional funds to live off of while the SPEC business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 SPEC franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a SPEC business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your SPEC franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.