The Ten Spot Franchise
To buy a franchise with The Ten Spot, you'll need to have at least $100000 in liquid capital and a minimum net worth of $500000. The Ten Spot charges a franchise fee of $50000.
Total Units: 32
Year Founded: 2006
Franchising Since: 2012
Home Office: Toronto, Ontario
Locations Available: See Below*
Liquid Capital Required: $100,000
Net Worth Required: $500,000
Total Investment: $295,000 – $399,000
Franchise Fee: $50,000
Royalty Type: 6%
Vetern Discount: No
*The Ten Spot is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Values & History
The Ten Spot created the "anti-spa" beauty bar concept in 2006 and as the first on the scene to offer efficient yet impeccable services and also executing thousands of impeccable services every week. We've put an incredible amount of effort and investment into making sure that our nail, waxing and facial services are the best around, so it's no accident that we've been racking up "best of" awards in every city we land in. Our goal has been simple: bridge the gap between upscale spas offering over-the-top services and at the other end of the spectrum, the cheap and oftentimes questionable chop shops. This niche has been the sweet spot for The Ten Spot for the past decade.
Market & CompetitionThe nail industry is seeing huge success. In 2017, women in the United States spent $8.5 billion on nail services. Also, the hair removal industry is expected to reach $18.8 billion in revenue by 2026. The Ten Spot has created a concept that blends the best of the luxury spa world with the convenience of the chop shops [aka low-end nail salons] to cater to what busy women want most: impeccably executed, efficient services in an ultra-clean environment. Because every woman deserves to #FeelLikeATen.
Since launching our first store in Toronto in 2006, The Ten Spot has exploded from coast to coast. We're driving massive growth in this industry—and you can be a part of it. We're growing fast and we want to bring our sleek style and savvy services to the masses. Anyone can start a nail salon, but nobody's been able to rock the beauty biz like we have.
We're the sweet spot between high-end salons and discount nail and wax bars, giving customers a luxury experience during quick and efficient visits. We're North America's largest and most successful multi-service beauty bar and as a franchise owner you can offer the same services:
- Brow plus lash tinting
- Waxing — Waxing services provided above the belt, below the belt and everything in between. We're famous for our signature brazilly® wax.
Training & Support
Location: We get our real estate advisory firm on the hunt to find the perfect location for your new business. We'll also help you negotiate a good lease.
Fittings and Fixtures: We'll hook you up with the best vendors to sort out the beauty bar layout, permits, gorgeous custom millwork, and hung fixtures to transform your space into a 10spot.
Hiring and Training: Not only do we train you on how to manage a 10spot efficiently, but we also train all of your initial hires. By the time your grand opening rolls around, you and your staff will be ready to rock.
Money Smarts: During your new franchise partner onboarding training, we'll teach you the financial basics of running a business that'll help you be successful.
Marketing and Buzz: We've got you covered on getting the buzz going around your location — from strategy and planning to ad campaigns and marketing materials.
Ongoing Support: We'll teach you about day-to-day operations, staff engagement, guest care essentials, bookkeeping 101, and so much more. Plus, you'll also get a dedicated field consultant to help you focus on your goals. We also have the protocols, policies, and procedures for every situation on lockdown.
Ideal Candidate & Qualifications
We're looking for dedicated, passionate, and driven franchise partners.
Purchasing a The Ten Spot Franchise
There's an initial franchise fee of $ $32,000 and a total investment range of $320,000 - $498,000. Liquid capital of $100,000 and a minimum net worth of $500,000.
The Ten Spot is the fastest growing brand in the beauty biz. Since launching our first store in Toronto twelve years ago, we've exploded with growth from coast to coast. We're driving the massive growth in this industry, and you can be a part of it. We've revolutionized beauty bars across Canada — now we're here to shake things up south of the border.
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