SPEC
A beauty and wellness school that trains students in hairstyling, cosmetology, esthetics, barbering, nails, and/or massage.
Your franchise match score
Health & Wellness
Brand highlights
- CEOSamuel Shimer
- Headquarters4377 15th Avenue South, Fargo, ND, 58103
- Year founded2004
- Year started franchising2008
- IndustryHealth & Wellness
- Locations open34 (-1 last three years)
Statistics & metrics
- Investment range$581,800 - $2,022,800
- Franchise fee$49,000
- Royalty6% of Gross Revenues (subject to the mini- mum monthly royalty amount).
- Brand fundno more than 2% of monthly Gross Revenues to the fund.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Health & Wellness industry:
Beyond fitness, the health and wellness industry covers medical spas, nutrition centers, and senior care. This broad sector is driven by an aging population and increased health consciousness.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2025-04-09
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about SPEC, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of SPEC's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving SPEC, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a SPEC franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information SPEC provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 34 |
| Franchise locations | 34 |
| Corporate locations | 0 |
System growth over time
FAQs
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