The Ten SpotFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $378K – $530K
- 25th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 4
- 10th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $378K – $530K including a $50K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 62/100.
- No 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
- Legal entity
- THE TEN SPOT LTD.
- Parent company
- Gale Force Holdings Ltd.
- Incorporated in
- DE
- 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
THE TEN SPOT franchisees operate nail salon and beauty services locations, delivering manicures, pedicures, and related nail care treatments in a retail storefront model. Daily operations include staff scheduling, inventory management of nail products, customer service delivery, and maintaining salon hygiene and equipment standards.
- CEO
- Kristen Gale
- Founded
- 2018
- FDD year
- 2025
- States available
- 3
FDD Item 7 · 2025 filing · 16 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
- Better than avg vs category
- Liquid capital req'd
- $20K – $70K
- Better than avg vs category
- Franchise fee
- $50K – $50K
- Better than avg 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 |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How The Ten Spot Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 4
- Opened
- 1
- Last reporting year
- Closed
- 0
- 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 (yr3)
- +33.3%
- Net unit change last year
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 1
- Transfers (3yr)
- 0
- 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)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into The Ten Spot's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 4 lenders with concentration factor
- Per-state charge-off rates across 4 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
THE TEN SPOT presents significant caution due to a micro-franchise system (4 units), absent financial disclosures, unresolved going concern status, and high capital requirements relative to proven economics.
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 62 / 100 rating
- 01MEDNo average revenue or net income disclosed (Item 19) — impossible to validate ROI on $377.5K-$530K investment
- 02MINOROnly 4 units system-wide with 33.3% YoY growth — extremely small, unproven franchise model with minimal scale
- 03HIGHGoing Concern status is False — suggests the franchisor itself may have financial viability issues
- 04MINORHigh initial investment ($377.5K-$530K) relative to system size creates concentration risk if units fail
- 05MED6% royalty on undisclosed revenues means real ongoing costs are unknowable
- 06MED10-year term is long commitment with limited franchisee reference pool (only 4 units to contact)
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 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
40 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 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 B-grade franchise with a risk score of 62 out of 100, 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.
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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.