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The Salon Professional Academy

The Salon Professional Academy

The total investment to open a The Salon Professional Academy franchise ranges from $532,800 to $1.7M. The initial franchise fee is $45,000. Ongoing royalties are 6% plus a 2% advertising fee.

What is the The Salon Professional Academy franchise?

The Salon Professional Academy franchise serves the beauty education sector by preparing students for careers in salons and spas. The Salon Professional Academy, or TSPA, operates under its parent company, The Salon Professional Education Company, or SPEC. SPEC was founded more than 15 years ago to create a new beauty school model. It was first organized in Minnesota on July 13, 2004, then reorganized in North Dakota on December 23, 2015. Its principal business address is 4377 15th Avenue South, Fargo, ND 58103. TSPA developed as Redken's exclusive beauty school partner. SPEC was later asked to replicate its approach with L'Oréal Professionnel, leading to the creation of Elevate Salon Institute. By early 2023, TSPA had 25 locations across the United States and Canada. Another source reports 28 total U.S. locations. Franchising began in 2008. Schools operate from California to New Jersey and from Florida to Minnesota, with each location independently owned and operated by franchisees. Planned openings include Orlando, Harrisonburg, and Duluth. The global beauty salon market was valued at USD 155.60 billion in 2022 and is projected to grow at a compound annual growth rate, or CAGR, of 8.0% from 2023 to 2030.

The beauty and personal care sector provides the broader market for TSPA graduates. The global beauty salon market was valued at USD 155.60 billion in 2022 and is projected to grow at a CAGR of 8.0% from 2023 to 2030. The professional beauty services market was valued at USD 233.56 billion in 2025 and is projected to reach USD 432.62 billion by 2034, with a CAGR of 7.22% during that period. In the United States, the hair salon market is estimated at approximately $60.6 billion in 2024 and $60.0 billion in 2025. The combined hair and nail market was around $90.4 billion in 2024 and is projected to reach $90.9 billion in 2025. The United States had roughly 1,051,796 hair salons and 1,398,250 hair and nail salons as of 2024. Demand is being shaped by salons that offer products and services, consumer interest in specialized offerings, advanced beauty procedures, improved customer experiences, digital tools, and technology. Forty percent of salon clients prefer online appointment booking, and 46% to 50% of bookings occur when salons are closed, particularly among Gen Z and millennials. Other trends include environmentally conscious products, waste reduction, increased interest among men in skincare and personal grooming, specialized professional salons, Augmented Reality, and Virtual Try Ons. Hair services held a 52.79% global share of the professional beauty services market in 2026. Haircutting and styling produced 62% of United States hair salon industry revenue, while hair coloring represented 23%. The Bureau of Labor Statistics projects 5% growth for barbers, hairstylists, and cosmetologists from 2024 to 2034. Separate research indicates an 11% increase in demand for hairstylists between 2021 and 2031.

The initial financial commitment varies by source. The TSPA franchise fee is reported as up to $38,500, with another citation specifying $38,500, while other sources report a $45,000 franchise fee. Reported total initial investment ranges are $626,000 to $1,527,500 and $532,800 to $1,670,800. These amounts reflect expenses such as facility construction, equipment, and early operating costs. The required investment can vary according to facility size and condition, whether the location is a new construction or a conversion, and the school's geographic location. In Rapid City, Black Hills Beauty College was converted into TSPA and later expanded and relocated to a new state of the art facility that nearly doubled its size. Working capital requirements are reported at $65,000 to $180,000, with minimum cash required of $165,000. The initial franchise agreement lasts 10 years, and the renewal term also lasts 10 years. SPEC provides corporate support through leaders with experience as industry executives, educators, franchise specialists, and business owners. Robin Halter, co owner of The Salon Professional Academy / Evansville, has more than 40 years of experience as a licensed cosmetologist and 29 years as a salon owner. In 2024, she was recognized as the SPEC National Conference Director of the year. Wendy Beaumont is recognized for opening a TSPA focused on producing salon ready professionals.

TSPA's operating model centers on managing an educational facility, delivering the curriculum, supporting students, and maintaining the student salon training area. Franchisees recruit and manage experienced educators. The educational team at TSPA Altoona has more than 65 combined years of experience, while instructors at TSPA Nashville have more than 80 years of combined industry experience. Educators receive continuing training to remain current with industry developments. Class sizes are kept small to support individualized attention. Locations can be newly constructed or converted from existing beauty schools. TSPA Altoona began as Pruonto's Hair Design Institute, founded in 1963, and joined the SPEC franchise around 2007. TSPA Rapid City expanded and moved to a new state of the art facility that nearly doubled its size. The facility opened on November 18, 2021. Initial franchisee training totals 172 hours, including 124 hours of classroom instruction and 48 hours of practical, on the job training. Another source describes the program as a two week course held at corporate headquarters. Ongoing support includes turnkey systems and practices, continuing training, marketing initiatives that have received awards, and computer and technology support. Technology is used to improve accuracy, efficiency, and communication while preserving personalized service. The curriculum was co developed with Redken 5th Avenue NYC and is updated continuously. TSPA is identified as the only Redken endorsed cosmetology school in the industry. It is also a partner school of Bioelements and includes Bioelements technical training in its curriculum. Programs address technical ability, business and marketing training, and guest handling skills. The stated goal is to prepare graduates for jobs in high income, privately held salons and spas.

The 2026 FDD does not include such a representation. Prospective franchisees should request current performance information from the franchisor and speak with existing franchisees before relying on these figures. TSPA began franchising in 2008 and reached 25 locations across the United States and Canada by early 2023, while another source reports 28 total U.S. locations. TSPA Altoona, which began as Pruonto's Hair Design Institute, reached its highest enrollment at 70 cosmetology students after converting to a franchise. Franchisees that converted independent schools reported that SPEC helped with regulatory compliance, student counts, and management of the student salon training area. TSPA also maintains placement relationships with more than 6,000 Redken Club 5th Avenue salons across all 50 states. Advisory boards include area salon and spa owners who actively recruit from TSPA schools. These relationships support student enrollment and graduate placement.

TSPA has expanded gradually since franchising began in 2008. By early 2023, it had 25 locations across the United States and Canada, with another source reporting 28 U.S. locations. The reported pace equals approximately 1.6 to 1.8 additional units per year over 15 years. Planned locations include Orlando, Harrisonburg, and Duluth. TSPA Rapid City expanded and relocated to a new state of the art facility in the Northgate Shopping Center. The facility opened on November 18, 2021, nearly doubled the previous size, and created a larger training environment. TSPA schools are also incorporating digital tools, with training related to online booking, artificial intelligence powered scheduling, and mobile optimization. Redken remains the brand's exclusive beauty school partner, and TSPA is identified as the only Redken endorsed cosmetology school in the industry. Its curriculum is co developed and continuously updated with Redken 5th Avenue NYC. Placement relationships with more than 6,000 Redken Club 5th Avenue salons across all 50 states support recruitment and employment opportunities. The curriculum combines technical skills with business and marketing instruction and guest handling skills. The Bioelements partnership adds technical training to the program. SPEC's leadership team includes experienced industry executives and educators who provide strategic and operational guidance. The brand is also addressing technology, sustainability, specialized services, and customer experience trends within the professional beauty services market.

TSPA seeks candidates whose qualities align with its goal of delivering high quality beauty education. The source begins to discuss the brand's requirements for prior experience but does not provide the remainder of that information.

Loan Activity Score

50/100

SBA Default Rate

0.0%

Active Lenders

3

According to its Franchise Disclosure Document or public business records, The Salon Professional Academy has 3 locations, all owned by franchisees. Public SBA loan records show 3 lenders made 4 loans to franchisees of The Salon Professional Academy. PeerSense calculates The Salon Professional Academy's score as 50 out of 100, using public SBA loan performance and recent lending activity.

Franchising since 1963 · 3 locations

Investment

$532,800 to $1.7M

Franchise Fee

$45,000

Total Units

3

3 franchised

Loan Activity Score
Low
50
SBA Lending
25
Lender Quality
5
Transparency
2
Reach
4
Momentum
14

Proprietary PeerSense metric

Moderate
Capital Sources
3SBA lenders

Distinct lenders in public SBA records for The Salon Professional Academy

4

Total SBA loans

$535K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

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SBA Lending Activity for The Salon Professional Academy

Loan Activity Score Breakdown

Emerging (3 to 9 loans)

Limited Data
50out of 100
Moderate
Market Momentum14/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence5/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency2/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint4/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

0.0%

vs 10.8% peer avg

SBA Loans

4

Total Volume

$2.1M

Active Lenders

3

States

2

vs. SBA Sector Average

+10.8%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (0.0%)

Data Insights

Key performance metrics for The Salon Professional Academy based on SBA lending data

SBA Default Rate

0.0%

10.8% below peer avg

SBA Loan Volume

4 loans

Across 3 lenders

Lender Diversity

3 lenders

Avg 1.3 loans per lender

Investment Tier

Premium investment

$532,800 to $1,670,800 total

The Salon Professional Academy: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2023

2 approvals. The best year on record for The Salon Professional Academy.

Top SBA State

Virginia

2 SBA financed The Salon Professional Academy locations, the densest operator footprint.

Average Loan Size

$535K

Median $575K. Use as a sizing anchor when modeling your own The Salon Professional Academy unit.

Lender Concentration

100%

Concentrated

Share of The Salon Professional Academy approvals captured by the top 3 SBA lenders.

The Salon Professional Academy's SBA lending pipeline peaked in 2023 (2 approvals). The last five fiscal years account for 100% of cumulative volume ($2.1M approved). Operator density is highest in Virginia with 2 SBA financed locations. Average funded ticket sits at $535K, with the median at $575K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals. Credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$426K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$5,515

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

The Salon Professional Academy, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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The Salon Professional Academy

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman