THE TEN SPOT
The Ten Spot offers franchises for beauty bars and grooming boutiques specializing in manicures, pedicures, facial treatments, body waxing, and other authorized grooming services, along with the retail sale of designated beauty and grooming-related products. The business model involves single-unit franchises or multi-unit development agreements under the proprietary THE TEN SPOT system, with initial investments of $377,500 to $530,000 per unit. They target the general public in the mature and highly competitive salon, spa, and grooming industry, with sales potentially seasonal in areas with distinct seasons.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2% brand fund + $375/mo technology fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: three franchised Beauty Bars that were open in the United States during the period from May 1, 2023 to April 30, 2024
* Average Annual Gross Sales and Median Gross Sales were taken directly from TABLE NO. 2. Monthly gross sales from TABLE NO. 1 were summed for each of the three bars: Bar 1: $553,790, Bar 2: $487,671, Bar 3: $439,634. The calculated average ($493,698.33) and median ($487,671) from these sums were very close to the reported values ($493,699 and $487,672 respectively), with minor discrepancies likely due to rounding in the original document. Profitability metrics (net income, net profit, EBITDA) could not be extracted or estimated as Note 6 explicitly states that costs and expenses were not included in the representation.
Extracted Item 19 Section
How THE TEN SPOT Compares to Other Beauty & Spa Services Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
THE TEN SPOT Current | $335K - $524K | $50K | 6.0% | 3 |
| SPORTS CLIPS (SINGLE UNIT) | $289K - $475K | $30K | 6.0% | 1,754 |
| SUPERCUTS | $186K - $323K | $40K | 6.0% | 1,701 |
| DaVi Nails and Em Lash Studio | $61K - $144K | $65K | N/A | 400 |
| PALM BEACH TAN | $648K - $1.1M | $30K | 6.0% | 397 |
| DAVI NAILS | $57K - $125K | $65K | 0.0% | 387 |
Beauty & Spa Services Average 46 franchises | $401K - $734K | $49K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 46 Beauty & Spa Services 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
SBA Loan History
Historical SBA 7(a) loan data for THE TEN SPOT franchisees (2021 - 2024)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a THE TEN SPOT franchise?
The total initial investment to open a THE TEN SPOT franchise ranges from $335,000 to $524,000. This includes a franchise fee of $50,000. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a THE TEN SPOT franchise make?
According to the 2024 FDD, the average gross revenue for a THE TEN SPOT franchise is $493,699. The median revenue is $487,672.
How many THE TEN SPOT franchise locations are there?
As of the 2024 FDD, THE TEN SPOT has 3 franchise locations. The company has been franchising since 2018.
Can you get an SBA loan for a THE TEN SPOT franchise?
Yes, SBA loans are available for THE TEN SPOT franchises. Historical data shows 7 SBA 7(a) loans have been approved for THE TEN SPOT franchisees, with an average loan amount of $360,229. The historical default rate is 0.0%.
Is THE TEN SPOT a good franchise to buy?
THE TEN SPOT shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in THE TEN SPOT?
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