The Ten Spot Franchise Review

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The Ten Spot is analyzed based on our most recent FDD research!

Franchise Information

The Franchise being offered is the operations of a beauty bar and grooming boutique specializing in manicures, pedicures, facials, body waxing and other grooming services.

How much does a The Ten Spot business cost?

The Ten Spot has a franchise fee of up to $50,000, with a total initial investment range from $303,000 to $453,000.

  • Initial Franchise Fee: $50,000
  • Total Investment: $303,000 to $453,000
  • Working Capital: $20,000 to $45,000
  • Royalty Fee: 6.0%

The initial purchase price of any franchise includes several fees. Check out this investment opportunity to better understand the specific costs required to own a The Ten Spot, such as franchise fees, construction and costs, grand opening, marketing, and equipment purchases.

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How much can I earn by owning a The Ten Spot franchised business?

As with any new franchise, there should be a strong ROI and net profit potential. The specific franchise owner's income and the profits from a The Ten Spot business will depend on a variety of factors. One way to confirm the potential revenues or profits generated from a The Ten Spot franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. This is called an earnings claim. This is an option for franchisors within their disclosure and approximately 68% of all franchise companies that we research and study will disclose financial performance data within Item 19 of their FDD. Some franchise companies may provide limited information such as overall systemwide sales. This type of financial data is not always helpful to determine profitability for you directly. So review average sales data with caution. As expected, usually profits and owner's salary are equitable to the overall size of the upfront investment. The larger the initial investment, the larger return you should anticipate. Another factor to profitability is based on the number of locations you purchase. If you purchase multiple locations (usually referred to as Area Development Agreements), you can expect that as you launch each additional unit, you will generate more revenue and profits overall. Demand for your products, your labor costs in your city, commercial lease rates and a number of other variables also play a large role in your bottom line and your personal income. Your financial success are associated with The Ten Spot's success. Your returns and owner's salary is not just reliant on how well your own location operates, you should assess how well the entire franchise system is operating. Determine how the franchise company generates revenue and review their financial returns.

For additional information and franchise specific on the profits of a The Ten Spot franchise, unlock this franchise

How many franchise locations do they operate?

As of the 2021 Franchise Disclosure Document, there are 3 franchised The Ten Spot locations in the United States.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any The Ten Spot franchises in my preferred location?

Based on 2021 FDD analysis, The Ten Spot has franchised locations in 3 states. There could be no locations in several states as each franchise company plans their development strategy differently.

CO
GA
MN

Based on the data collected this franchise opportunity is growing into new states and could be available in your city. While planning your franchise purchase, you always need to be considering where is a good location for my franchise. Anlayze the potential customer base to confirm that the area you are looking at has a need or a market for this franchise. Even the most popular franchises have cities that they are not expanding into. The reasons why a specific franchised location can fail are plentiful. You need to review not only the franchise itself, but review locations where you think the franchise has a greater chance to succeed.

One of our franchise advisors will have detailed knowledge about this brand. Unlock to learn more and connect with our researchers.

Last Reviewed: 2021

The Ten Spot Franchise STATS

Total Investment
$303,000 - $453,000
Franchise Fee
$50,000
Franchise agreement
Initial Term
10 Years
Renewal Term
5 Years
Franchise outlet growth
2015
0
2021
3
Ongoing fees
Royalty
6.0%
ad fees
2.0%
# of franchised outlets
3

EXTRA INFORMATION

Does this franchise provide any initial training and opening assistance?

Yes, they have an initial training program of 270.50 hours. This includes 110.50 hours of classroom training, 160 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.


Online 0
On-the-Job 160
Classroom 110.50
Total 270.50

Does this franchise offer Territory Protections?

The Ten Spot offers territory protections. For an explanation of territorial rights, unlock this franchise for more details.

Do they have computer and technology support in place?

Yes, The Ten Spot offers comprehensive support for franchisees. Unlock this franchise to find out more.


How long ago did The Ten Spot begin franchising?

They began franchising in 2018. The average Beauty and Hair Care franchise began franchising in 2011.


Does The Ten Spot offer lending support?

No, but you can click here to fill out our affordability calculator and understand your financing options.

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