SPEC FDD Summary
Type of Business
Salon Professional Education Company, LLC, doing business as SPEC, offers franchisees the right to establish and operate a distinctive school for training students in hairstyling and other cosmetology services under one of the following cosmetology school brands that you select: The Salon Professional Academy (“TSPA”), Elevate Salon Institute (“ESI”), or Academy for Salon Mastery (“ASM”). All brands are operated under the service mark SPEC. The system’s distinguishing characteristics include: uniform standards and procedures for business operations; ongoing training in the operation, management, and promotion of the franchised business; advertising and promotional programs; quality education facilities; customer development and service techniques; student recruiting and development; and other technical assistance.
Corporate Information
Salon Professional Education Company, LLC is a North Dakota limited liability company, reorganized in North Dakota on December 23, 2015 (from its original organization in Minnesota on July 13, 2004), and doing business under the name SPEC. Before December 24, 2012, the name of the company was APS, LLC. Their principal business address is 4377 15th Avenue South, Fargo, ND 58103.
Investment
The total investment necessary to open and operate a new cosmetology school is $645,000 to $1,056,500 for the smaller model and $737,500 to $1,458,500 for the base model. This includes $39,500 paid as an initial franchise fee to the franchisor. This applies regardless of the service mark you may choose for operating your franchise.
The total investment necessary to convert an existing cosmetology school is $107,000 to $685,500. This also includes the $39,500 paid as an initial franchise fee to the franchisor, and applies regardless of the service mark you may choose for operating your franchise.