SPEC vs Upgrade Labs
Franchise Comparison 2026
Both SPEC and Upgrade Labs are healthcare franchises. SPEC requires an investment of $578K – $2.0M while Upgrade Labs requires $752K – $1.5M. SPEC discloses average revenue of $1.6M; Upgrade Labs does not report Item 19 data. FranchiseVerdict rates SPEC A (Top Quintile) and Upgrade Labs A (Top Quintile).
| Metric | SPEC | Upgrade Labs |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $578K – $2.0M | $752K – $1.5M |
| Franchise Fee | $45K | $65K |
| Royalty Rate | 6.0% | Greater of $2,500 or 7.5% of Gross Sales |
| Average Revenue (Item 19) | $1.6M | N/A |
| SBA Charge-Off Rate | N/A | Limited data |
| Total Units | 36 | 7 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2008 | 2021 |
| FDD Year | 2024 | 2025 |
Investment Range
$578K – $2.0M
$752K – $1.5M
Franchise Fee
$45K
$65K
Royalty Rate
6.0%
Greater of $2,500 or 7.5% of Gross Sales
Average Revenue (Item 19)
$1.6M
N/A
SBA Charge-Off Rate
N/A
Limited data
Total Units
36
7
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2008
2021
FDD Year
2024
2025