SALON PROFESSIONAL ACADEMY (THE)
Salon Professional Education Company, LLC (SPEC) offers franchises for beauty and wellness schools (B&W Schools) under brands like The Salon Professional Academy (TSPA), Elevate Salon Institute (ESI), or Spa Pro Academy (SPA), training students in hairstyling, cosmetology, esthetics, barbering, nails, and/or massage. Franchisees operate schools with uniform standards, ongoing training, advertising programs, quality education, and student development techniques. The target market is the general public seeking vocational training in beauty and wellness services to obtain licensure.
Franchise Costs
6% royalty (min. $1,500/mo) + 0% ad fund (up to 2% marketing fund if established) + $119/mo website fee (up to $500/mo) + up to $250/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 26 franchised locations that operated for all of 2023
Extracted Item 19 Section
How SALON PROFESSIONAL ACADEMY (THE) Compares
Key Insights
- Higher investment than 88% of Adult Education & Training franchises
- Lower than average SBA loan default rate in Adult Education & Training
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
SALON PROFESSIONAL ACADEMY (THE) Current | $582K – $2.0M | $49K | 6.0% | 34 |
| HEALTH MART SYSTEMS INC | $262K – $834K | N/A | 0.0% | 4,346 |
| AMERIPRISE FINANCIAL SERVICES LLC | $12K – $130K | $2K | N/A | 3,855 |
| MATCO TOOLS CORPORATION, MATCO TOOLS AND MATCO | $108K – $383K | $10K | N/A | 1,502 |
| UBREAKIFIX BY ASURION | $151K – $448K | $40K | 7.0% | 551 |
| Best Brains | $50K – $134K | $15K | 14.0% | 162 |
Adult Education & Training Average 17 franchises | $253K – $579K | $36K | 8.8% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 17 Adult Education & Training franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+7 more states
SBA Loan History
Historical SBA 7(a) loan data for SALON PROFESSIONAL ACADEMY (THE) franchisees (2015 – 2017)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
44 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
44 Contacts Available
Unlock all SALON PROFESSIONAL ACADEMY (THE) franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a SALON PROFESSIONAL ACADEMY (THE) franchise ranges from $581,800 to $2,022,800. This includes a franchise fee of $49,000. Ongoing royalty fees are 6.0% of gross sales.
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