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General

Industry

Health and Beauty

Category

Spa

Works with Franchise Brokers

No

Year of Founding

2006

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$45,000-$45,000

Investment Range

$350K-$554K

Location units

Total U.S. Locations

853

U.S. Franchised Units

848

U.S. Corporate Units

5

Headquarters (City)

Plano

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2006

Issuance of FDD Data

04/28/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$350K-$554K

Franchise Fee

$45,000-$45,000

What to know about European Wax Center franchise?

European Wax Center is a retail company in the beauty industry that specializes in high-end facial and body waxing and related skin care services in the US. Their passionate team of estheticians are experts in the field, as they provide their guests with the best possible experience from start to finish, using only the highest quality products and techniques. Some of the services offered are full body waxing, facial waxing, brow shaping, and more. They also grant a variety of skin care services, such as facials, peels, and microdermabrasion. European Wax Center is dedicated to providing their guests with the highest level of service and satisfaction. European Wax Center provides their franchisees with the opportunity to open their own business and be their own boss, while still having the support of a strong brand name. They offer a variety of training programs and support systems to help their franchisees get started and be successful. 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 franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a European Wax Center franchise is $349,600 and can go all the way up to $553,950. 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

Industry Report Request

Download our guide to compare European Wax Center. Hotels to the Spa, Outdoor Health and Beauty industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 501 76 2 571
2017 571 60 3 628
2018 628 73 4 697
2019 702 44 3 743
2020 743 53 7 789
2021 789 62 3 848

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 6% royalty fee and 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the European Wax Center Franchise Disclosure Document 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 $349,600 to $553,950. 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 the financials for this business, 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 started offering franchises in 2006. European Wax Center was founded 16 years ago 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 2022, there were 848 locations across the U.S. There are also 5 corporate locations. 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 159 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 13 outlets throughout the U.S Visit the European Wax Center metrics tab to explore how the openings compare to other Health and Beauty franchises.

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 21%. 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 Industry 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 10/01/2017. 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. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

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 Centerfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor. European Wax Center franchise for sale rate over the past 3 years is 15%. Over the last year we have data for, European Wax Center had a franchise for sale rate of 6%. 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 Industry 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 2%. 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 franchise for sale rate compares to 2,000+ other franchises and Industry 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 today for exclusive access on this franchise opportunity!

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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

$451,775

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

European Wax Center

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

European Wax Center

$45,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

Unlocked Vetted Member Access

Franchise Financials

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

Unlocked Vetted Member Access

General

Industry

Health and Beauty

Category

Spa

Works with Franchise Brokers

No

Year of Founding

2006

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$45,000-$45,000

Investment Range

$350K-$554K

Location units

Total U.S. Locations

853

U.S. Franchised Units

848

U.S. Corporate Units

5

Headquarters (City)

Plano

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2006

Issuance of FDD Data

04/28/2022
Detailed Franchise metrics for European Wax Center Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for European Wax Center below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

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

 

1 year

3 years

European Wax Center

6%

21%

Industry median

All franchises median

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Franchise for Sale Rate

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

 

1 year

3 years

European Wax Center

4%

15%

Industry median

All franchises median

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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%

2%

Industry median

All franchises median

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Business details

Website

https://waxcenter.com/

Business email

f********@waxcenter.com

Mailing address

5830 Granite Parkway, Suite 300

State headquarters

Texas

Contact Name

European Wax Center

Phone

+1 (000) 0********00

City

Plano

Zip code

75024
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