we cater so well to our target market because we are our target market.
most of our franchise partners and headquarters staff are women who want it all. and you can have it all as a franchise partner of ours. flexible schedule (to fit in that fitness, drop off/pick up the kiddies, get the errands done…) while still giving it your all in bar and being the leader your team needs and the face of your business your guests recognize and relate to.
we’ve got the biggest + best target market.
we’re here to make everyone feel like a ten® – and that means everyone! we’re definitely an equality for all kind of company, but, if we’re gonna get specific – most of our core demo skew she/her and is between 18 – 65 with a large majority of our guests in the early 30’s to late 40’s. that’s a huge market to service meaning lots of guests for you to grab!
we’ve hit the sweet ‘spot’ in terms of service mix.
we are the original ‘anti-spa’ beauty bar. back in ’06 we created a niche concept that blended the best of the luxury spa world (think great guest care, high hygiene standards) with the convenience + casual feel of the day spa/salon and then loaded it with only the services that are going to give you the biggest bang for your buck (think great margins!). we do that by curating a select suite of services that most women want (ie: we’re not doing super niche services that only a handful of people partake in), and that most women do on the regular (think every 4 to 6 weeks).
your initial investment.
one of the great things about franchising is that every penny of your initial investment is charted out for you, so you know your expenses upfront of what you’ll have to cover in order to have an open a 10spot® beauty bar. everything from your layouts, permits, construction, custom millwork + fixtures, equipment, start-up supplies, deposits, lawyers fees, staff wages during their initial training, first + last months rent – even a buffer of cash (should you need it) is all accounted for.
why the big spread?
that’s because we don’t know what your space might cost yet – or the work that might need to be done to it or the number of stations and therefore the amount of start up supplies you’ll require.
investment |
canadian $ |
usa $ |
---|---|---|
initial franchise fee | $50,000 | $50,000 |
build out (layouts, permits, construction + fees) | $134,000 to $215,00 | $125,000 to $210,000 |
custom fixtures, equipment + signage | $61,000 to $75,000 | $65,000 to $77,000 |
opening inventory, retail supplies + laser set up (for applicable locations) | $32,700 to $36,700 | $22,000 to $30,000 |
pre-opening marketing + promotions | $10,000 | $10,000 |
professional, accounting + real estate fees | $3,000 to $17,500 | $2,000 to $5,000 |
rent, deposits, pre-paid expenses, insurance + licences | $17,500 to $30,500 | $9,500 to $23,000 |
travel + expenses for corporate training | $2,500 to $12,500 | $5,000 to $11,500 |
additional funds | $20,000 to $45,000 | $20,000 to $45,000 |
total investment | $350,700 to $525,200 |
$324,000 to $433,000 |
standard franchise fees.
the royalty fee cover things like your rights to use THE TEN SPOT® tradenames and all our cheeky trademarks. it also covers your head office support; the ongoing operational systems, support and coaching, as well as business-building visits and management of the brand (to ensure your investment is protected), innovations and new services launch – and of course all of the necessary protocols, policies and systems that we take care of so you can focus on running your bar (booking software, staff benefits programs, manuals + guides).
the brand fund fee is another fee you’ll find in all franchising companies. unlike the royalty, this fee is not revenue for the franchisor, but rather is simply collected, pooled and allocated with the help of a franchise advisor committee to be spent on strategy, execution and initiatives that relate to the brand and generating of customers and the driving of revenue as well as creating ongoing marketing campaigns for the brand and providing local support, website and social platform creative and maintenance. the list goes on and on…
worried about your ability to invest? you have options!
almost everyone of our bars was partially financed using a government guaranteed small business financing loan. most banks offer this (and we’ve great relationships with a few banks to point you in the right direction). these loans can cover up to 90% of leasehold improvements, fixtures and equipment costs of your ‘build out’. however, about 20%-35% of your start-up costs must be covered by unencumbered cash – approx. $125k canadian and approx. $100k usd funds. (the term unencumbered cash, in relation to opening a 10spot beauty bar, is defined as cash or assets that can be liquefied and are not associated with lending or debt. please note that equity tied up in bonds, stocks and investments may have financial and tax penalties upon cash out. canadian retirement accounts are not considered unencumbered due to the tax implications of cashing out).
we know you probably got a lot of questions – so hopefully some of them get answered here!
we’re right here alongside you, every step of the way.
from the moment you sign on the dotted line until you’re popping the champagne at your grand opening soireé – we’ll be right alongside you.
as a franchisor, our business is creating franchise partner entrepreneurs that open and operate 10spot® beauty bars. your success is our success – so the second you sign, we unleash our experts in real estate, construction, financing, marketing, training, buzz creation and party planning so that your entrepreneurial experience is as seamless as possible.
we give people the thrill, freedom and control over their
lives that only being your own boss can give.
this website and the franchise sales information on this site does not constitute an offer to sell a franchise. the offer of a franchise can only be made through the delivery of a franchise disclosure document. certain states require that we register the franchise disclosure document in those states. the communications on this website are not directed by us to the residents of any of those states. moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.