Salon Professional Education Company (SPEC) vs Cost Cutters Family Hair Care Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Salon Professional Education Company (SPEC) vs Cost Cutters Family Hair Care including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Salon Professional Education Company (SPEC) Cost Cutters Family Hair Care
Investment 145500 - 1111000 148930 - 316700
Franchise Fee 0
Royalty Fee 6%
Advertising Fee 4%
Year Founded 2004 1982
Year Franchised 2018 1982
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Salon Professional Education Company (SPEC) Cost Cutters Family Hair Care
Experience General business experience Marketing skills Retail/service industry experience useful

Financing Options
  Salon Professional Education Company (SPEC) Cost Cutters Family Hair Care
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Salon Professional Education Company (SPEC) Cost Cutters Family Hair Care
Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO
Operations Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators)

Expansion Plans
  Salon Professional Education Company (SPEC) Cost Cutters Family Hair Care
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
Franchise Fee
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
Royalty Fee
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care 6%
Advertising Fee
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care 4%
Year Founded
Salon Professional Education Company (SPEC) 2004
Cost Cutters Family Hair Care 1982
Year Franchised
Salon Professional Education Company (SPEC) 2018
Cost Cutters Family Hair Care 1982
Term Of Agreement
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care 15 years
Renewal Fee
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care


Business Experience Requirements
Experience
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful

Financing Options
 
Franchise Fees
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
Start-up Costs
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
Equipment
Salon Professional Education Company (SPEC)}
Cost Cutters Family Hair Care
Inventory
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
Receivables
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
Payroll
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care

Training & Support
Training
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
Marketing
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
Operations
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators)

Expansion Plans
US Expansion
Salon Professional Education Company (SPEC) Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Cost Cutters Family Hair Care Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care
International Expansion
Salon Professional Education Company (SPEC)
Cost Cutters Family Hair Care