Snip-Its vs Salon Professional Education Company (SPEC) Franchise Comparison

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

Start-Up Costs and Fees
  Snip-Its Salon Professional Education Company (SPEC)
Investment 124595 - 220375 145500 - 1111000
Franchise Fee 0
Royalty Fee 6%
Advertising Fee 2%
Year Founded 1992 2004
Year Franchised 2003 2018
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Snip-Its Salon Professional Education Company (SPEC)
Experience General business experience

Financing Options
  Snip-Its Salon Professional Education Company (SPEC)
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Snip-Its Salon Professional Education Company (SPEC)
Training On-The-Job Training: 80 hours Classroom Training: 34 hours
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10

Expansion Plans
  Snip-Its Salon Professional Education Company (SPEC)
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
Snip-Its
Salon Professional Education Company (SPEC)
Franchise Fee
Snip-Its
Salon Professional Education Company (SPEC)
Royalty Fee
Snip-Its 6%
Salon Professional Education Company (SPEC)
Advertising Fee
Snip-Its 2%
Salon Professional Education Company (SPEC)
Year Founded
Snip-Its 1992
Salon Professional Education Company (SPEC) 2004
Year Franchised
Snip-Its 2003
Salon Professional Education Company (SPEC) 2018
Term Of Agreement
Snip-Its 10 years
Salon Professional Education Company (SPEC)
Renewal Fee
Snip-Its 25% of initial fee
Salon Professional Education Company (SPEC)


Business Experience Requirements
Experience
Snip-Its General business experience
Salon Professional Education Company (SPEC)

Financing Options
 
Franchise Fees
Snip-Its No
Salon Professional Education Company (SPEC) No
Start-up Costs
Snip-Its
Salon Professional Education Company (SPEC)
Equipment
Snip-Its}
Salon Professional Education Company (SPEC)
Inventory
Snip-Its
Salon Professional Education Company (SPEC)
Receivables
Snip-Its
Salon Professional Education Company (SPEC)
Payroll
Snip-Its
Salon Professional Education Company (SPEC)

Training & Support
Training
Snip-Its On-The-Job Training: 80 hours Classroom Training: 34 hours
Salon Professional Education Company (SPEC)
Support
Snip-Its Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software
Salon Professional Education Company (SPEC)
Marketing
Snip-Its Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Salon Professional Education Company (SPEC)
Operations
Snip-Its 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10
Salon Professional Education Company (SPEC)

Expansion Plans
US Expansion
Snip-Its 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
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
Canada Expansion
Snip-Its
Salon Professional Education Company (SPEC)
International Expansion
Snip-Its
Salon Professional Education Company (SPEC)