The Ten Spot
Wellness & Personal Care · Beauty Salons & Barber Shops
- Active units
- 3
- Avg unit volume
- $494k
- Royalty
- 6.0%
Franchised, year-end 2024
of weekly Net Sales
About The Ten Spot
THE TEN SPOT® is a rapidly growing beauty bar and retail company in Canada, offering a range of services that will make you #feellikeaten. Founded in 2006 by Kristen Wood, it was created to bridge the gap between affordable nail salons and extravagant spas. The vision was to provide a one-stop-shop for busy women, offering exceptional nail, waxing, and facial services in a beautifully designed environment. At THE TEN SPOT®, they prioritize delivering excellence and use only the highest quality products and maintain strict hygiene standards. Their team of passionate and skilled 10spotters® receive a living wage, commissions, benefits, exceptional training, and ongoing education opportunities. Due to their immediate success, THE TEN SPOT® quickly expanded, opening more bars to meet demand and launching franchise opportunities in 2012. Their dedication to redefining the beauty bar experience has been recognized with numerous awards and honors, including being listed as one of Canada's top growing companies by The Globe and Mail. Whether you're in Canada or the USA, THE TEN SPOT® strives to bring an enjoyable and unforgettable beauty experience to all its customers, combining fun, creativity, and excellence.
Key terms
- Franchise fee
$50k
- Brand fund
2.0% of Net Sales
- Local advertising
500.0% of Net Sales
- Footprint
1,200 sq ft
- Development Agreement – 3 units
$125k
- Development Agreement – each additional unit (4th–5th)
$40k
- Development Agreement – 6 to 9 units
$35k
- Development Agreement – 10 or more units
$30k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations3
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate-25.0%
Net unit growth versus prior year
- 3-year unit CAGR-22.5%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$494k
Covers 3 franchised Beauty Bars during the Reporting Period.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$430k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.1×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 4 of 4 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.