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General

Industry

-

Category

Health and Beauty

SBA Identifier

S0585

Year of Founding

2012

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$45,000-$45,000

Investment Range

$356K-$569K

Location units

Total U.S. Locations

750

U.S. Franchised Units

744

U.S. Corporate Units

6

Headquarters (City)

TX

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2006

Issuance of FDD Data

07/08/2020

What to know about European Wax Center franchise?

If we (franchisor) approve you (franchisee), you will have the right to establish and operate a European Wax Center retail franchise business offering high-end facial and body waxing and related skin care services, and other related products and services.

European Wax Center is based in Plano, TX. Scroll down to learn more!

How Much Does a European Wax Center Franchise Cost?

Are you wondering how much is a European Wax Center franchise? Before starting a European Wax Center franchise, it is important to know the European Wax Center franchise fee ($45,000) working capital and other costs required to start the business.

The minimum investment amount required to open a European Wax Center franchise is $356,280 and can go all the way up to $569,340. Keep in mind, you should also allocate additional funds to live off of while the European Wax Center business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 European Wax Center franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a European Wax Center business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your European Wax Center franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare European Wax Center. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2016 501 76 2 571
2017 571 60 3 628
2018 628 73 4 697
2019 697 43 3 744

Additional Details

How much does a European Wax Center franchise owner make?

European Wax Center franchise earnings and revenue can vary significantly from one franchisee to another. The European Wax Center franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

European Wax Center unfortunately does not disclose financials on how much European Wax Center franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, European Wax Center does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with European Wax Center franchisees. Do note that European Wax Center is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 European Wax Center franchisees to understand how much money they are making from their European Wax Center business.

You should also speak to former European Wax Center franchisees to understand why they left the system. Did they sell their European Wax Center at a profit? Were they forced to close their European Wax Center franchise down because it kept losing money?

What is the European Wax Center Franchise Fee?

Owning a European Wax Center franchise requires a 6% royalty fee and a 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial European Wax Center franchise fee of $45,000 that is included in the initial investment amount of $356,280 to $569,340. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the European Wax Center franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the European Wax Center franchise fee of $45,000.

Visit the European Wax Center metrics tab to explore how the franchise, royalty and marketing fees compare to other Health and Beauty franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was European Wax Center founded?

European Wax Center was founded 10 years ago in 2012. European Wax Center started offering franchises in 2006. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many European Wax Center locations are in the U.S.?

As of Issuance of 2020, there were 744 European Wax Center locations owned and operated by franchisees across the U.S. There are also 6 corporate locations owned and operated by European Wax Center. Most Health and Beauty franchises like European Wax Center have more franchised locations than corporate locations.

How many European Wax Center franchises opened over the past few years?

Over the prior 3 years we have data for, European Wax Center has opened 176 outlets throughout the U.S.

Visit the European Wax Center metrics tab to explore how the openings compare to other Health and Beauty franchises.

How many European Wax Center franchises closed over the past few years?

Over the prior 3 years we have data for, European Wax Center has closed 10 outlets throughout the U.S.

Visit the European Wax Center metrics tab to explore how the closures compare to other Health and Beautyfranchises.

Is European Wax Center growing? Are they opening more locations than they are closing?

The net unit growth rate for European Wax Center over the past 3 years is 30%. Over the last year we have data for, European Wax Center had a net unit growth rate of 7%.

Without a comparison, this number doesn’t mean much. Compare how the European Wax Center growth rate compares to 2,000+ other franchises and Health and Beauty franchises like European Wax Center. More info in the European Wax Center metrics tab.

Is European Wax Center franchise eligible for an SBA Loan?

European Wax Center is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

European Wax Center franchise was assigned the SBA Franchise ID of S0585 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like European Wax Center that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is European Wax Center a franchise in the United States?

According to the SBA, European Wax Center meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that European Wax Center provides you with an FDD if you are in discussion to buy a European Wax Center.

What is the European Wax Center Franchise for Sale Rate?

The European Wax Center systemwide health and franchisee satisfaction can be measured by the European Wax Center franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The franchise for sale rate for European Wax Center over the past 3 years is 12%. Over the last year we have data for, European Wax Center had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the European Wax Center franchise for sale rate compares to 2,000+ other franchises and Health and Beauty franchises like European Wax Center. More info in the European Wax Center metrics tab.

What is the European Wax Center Franchise Failure Rate?

European Wax Center franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

European Wax Center failure rate over the past 3 years is 1%. Over the last year we have data for, European Wax Center had a franchise failure rate of 0%

Without a comparison, this number doesn’t mean much. Compare how the European Wax Center failure rate compares to 2,000+ other franchises and Health and Beauty franchises like European Wax Center. More info in the European Wax Center metrics tab.

How can I find out more details on European Wax Center franchise?

Visit the European Wax Center metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

-

Category

Health and Beauty

SBA Identifier

S0585

Year of Founding

2012

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$45,000-$45,000

Investment Range

$356K-$569K

Location units

Total U.S. Locations

750

U.S. Franchised Units

744

U.S. Corporate Units

6

Headquarters (City)

TX

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2006

Issuance of FDD Data

07/08/2020

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

European Wax Center

7%

9%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2020)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

European Wax Center

[0%]

NA

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

European Wax Center

4%

NA

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

European Wax Center

$462,810

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

European Wax Center

6%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

European Wax Center

7%

9%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business details

Company name

-

Business email

franchise@waxcenter.com

Mailing address

5830 Granite Parkway, Suite 300

State headquarters

Texas

Key leadership

European Wax Center

Phone

+1 (000) 000-00-00

City

Plano

Zip code

75024

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