
The Ten Spot
Nail care, waxing, facials, laser hair removal- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$295K - $399K
- Units as of 2021
-
40 53.8% over 3 years
Company Overview
About The Ten Spot
- Industry
- Personal-Care Businesses
- Related Categories
- Miscellaneous Personal-Care Businesses, Salon & Spa Services
- Founded
- 2006
- Leadership
- Kristen Gale, CEO
Franchising Overview
- Franchising Since
- 2011 (11 years)
- # of employees at HQ
- 13
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 40 (as of 2021)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a The Ten Spot franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $30,000 - $50,000
- Initial Investment
- $295,000 - $399,000
- Net Worth Requirement
- $500,000
- Cash Requirement
- $100,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 6%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- The Ten Spot has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 10 days
- Classroom Training
- 6 days
- Additional Training
- Online training
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 6-10
- Are exclusive territories available?
- Yes
Work with our free FranCoach and get what you need to start a The Ten Spot franchise.
Additional Rankings
Curious to know where The Ten Spot ranked on other franchise lists? Find out below.
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchises
Are you eager to see what else is out there? Browse more franchises that are similar to The Ten Spot.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
5 Trends Shaping the Future of Franchise Local Marketing Right Now
Explore how franchise local marketing is changing to serve local customers better.
Picking a Winning Emerging Brand Is How You Get Rich in Franchising. Here's How to Spot One.
The key to generating wealth through franchising is to invest in an emerging brand. Here are 5 ways to help ensure you pick a winner.
Follow These Essential Steps Before Purchasing a Franchise
A step-by-step look at becoming a franchisee.
What's Hot in Automotive Franchising Right Now?
Automotive franchising is a category that will supercharge your entrepreneurial outlook.
How to Start a UPS Store Franchise in 2022
Here's what you need to know if you're ready to franchise by aligning yourself with a major shipping brand.
Why Restaurants Depend on Location, Location, Location
Zip codes, demographics and the local population will dictate the success of your establishment.