The Ten Spot Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
THE TEN SPOT is a beauty franchise offering manicures, pedicures, waxing, and skincare in a modern beauty-bar setting. Franchisees run the shops, managing technicians, appointments, and retail.
FranchiseVerdict summary · 2026
A THE TEN SPOT franchise requires a total initial investment of $378K – $530K, including a $50K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $378K – $530K
- 17th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 6.0%
- 24th pct Service Resta…
- Units
- 4
- 6th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Full-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $378K – $530K including a $50K franchise fee, 6.0% ongoing royalty.
- RETURNSNo Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- RISKVerdict D (Below average), verdict score 35/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- The Ten Spot Ltd.
- Parent company
- Gale Force Holdings Ltd.
- Ultimate parent
- The Ten Spot USA Holdings Inc.
- CEO title
- Chief Executive Officer and Director
- Kristen Gale
- Incorporated in
- Delaware
- HQ
- 2967 Dundas St. W. #162D, Toronto, Ontario M6P 1Z2, Canada
- Auditor
- Dean Dorton Allen Ford, PLLC
- Audited financials
- Franchisor revenue
- $143K
- vs $239K prior year
Affiliated brands
- The Ten Spot
- The Ten Spot IP
- The Ten Spot Franchising
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Kristen Gale
- Founded
- 2018
- FDD year
- 2025
- States available
- 3
Can you afford it, and what does the money buy?
Entry cost runs 61% below the typical full-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $50K | |
| Project Management Feenot refundable | $11K | $11K | |
| Your Travel Expenses - Corporate Trainingnot refundable | $0 | $5K | |
| Reimbursement of our Travel Expenses - Initial On-Site Trainingnot refundable | $4K | $7K | |
| Architecture, MEP Engineering and Designnot refundable | $11K | $20K | |
| Construction and Leasehold Improvementsnot refundable | $165K | $210K | |
| Signage Package and Signage Permit(s)not refundable | $15K | $17K | |
| Furniture and Equipment Package; Other FF&Enot refundable | $60K | $75K | |
| Start-up Supplies & Esthetic Productsnot refundable | $14K | $19K | |
| Retail Opening Inventorynot refundable | $6K | $8K | |
| Marketing and Other Opening-Related Expendituresnot refundable | $10K | $10K | |
| Professional and Accounting Feesnot refundable | $2K | $5K | |
| Security Deposit and Rent - 3 months of operationnot refundable | $8K | $20K | |
| Insurance - 3 monthsnot refundable | $2K | $3K | |
| Business Licenses and Permitsnot refundable | $500 | $1K | |
| Additional Funds - 3 monthsnot refundable | $20K | $70K | |
| Total initial investment | $378K | $530K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $378K – $530K
- Top 40% of category vs category
- Liquid capital req'd
- $20K – $70K
- Top 40% of category vs category
- Franchise fee
- $50K – $50K
- Top 40% of category vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $375 |
| Inventory (initial) | $25K – $30K |
| Total fee load | 8.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
THE TEN SPOT did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one THE TEN SPOT unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
15%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 8.0% (near the Full-Service Restaurants average).
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System shrank 20.0% over 3 years — 1 closures. Ask existing franchisees about local market conditions.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Full-Service Restaurants averages
How The Ten Spot Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 4
- Opened
- 1
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -20.0%
- Net unit change over 3 years
- 3-yr CAGR
- -20.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 1
- Franchisor's next-year forecast
- Ceased ops
- 25.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 3 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
3
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 7 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 7
- Loan volume
- $2.5M
- Median loan
- $382K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (7 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Multiple concerns stacked: negative franchisor net worth -$18,926, net loss -$33,751, and financial_distress flagged (not early-stage) alongside a -20% net unit decline. No Item 19 disclosure. Small system of 4 franchised units; no litigation, bankruptcy, or auditor going-concern note.
Litigation (Item 3)
No litigation information required to be disclosed
Largest disclosed settlement: $125,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Dean Dorton Allen Ford, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 35 / 100 verdict
- 01MINORNegative net worth -$18,926 and net loss -$33,751
- 02MINORFinancial distress flagged (not early-stage)
- 03MINORNet unit growth -20.0%
- 04MINORNo Item 19 disclosure; only 4 units
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Territory radius | 0.2 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 15 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Delaware |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation information required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 78 hrs
- On-the-job training
- 200 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Site selection
- franchisor
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
42 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
THE TEN SPOT · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a THE TEN SPOT franchise?
The total investment to open a THE TEN SPOT franchise ranges from $378K – $530K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do THE TEN SPOT franchise owners earn?
THE TEN SPOT does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the THE TEN SPOT FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the THE TEN SPOT FDD and qualifies whose outlets they describe.
What is THE TEN SPOT's franchise failure rate?
SBA 7(a) loan charge-off data is not available for THE TEN SPOT (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many THE TEN SPOT franchise locations are there?
As of their most recent FDD filing, THE TEN SPOT has 4 total units in the United States, including 4 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is THE TEN SPOT a good franchise to buy?
FranchiseVerdict rates THE TEN SPOT as a D-grade franchise with a verdict score of 35 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent THE TEN SPOT, you can request corrections or provide updated information.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.