General

Industry

Health and Beauty

Category

Spa

SBA Identifier

S2474

Year of Founding

2015

Fees

Marketing Fee

1%

Royalty Fee

6%

Franchise Fee

$35,000-$35,000

Investment Range

$280K-$393K

Location units

Total U.S. Locations

4

U.S. Franchised Units

3

U.S. Corporate Units

0

Headquarters (City)

Hoover

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2015

Issuance of FDD Data

04/30/2020

What to know about L.A. Bikini Studios franchise?

The franchises offered are for the establishment and operation of L.A. Bikini Studios. L.A. Bikini Studios offer body and facial hair removal, for both women and men. L.A. Bikini Studios feature proprietary techniques and sugaring (not wax) products and other items that are available from L.A. Bikini, its affiliates, or designated suppliers. L.A. Bikini Studios offer only sugaring services.

L.A. Bikini Studios is based in Hoover, AL. Scroll down to learn more!

How much does a L.A. Bikini Studios franchise cost?

Are you wondering how much is a L.A. Bikini Studios franchise? Before starting a L.A. Bikini Studios 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 L.A. Bikini Studios franchise is $279,760 and can go all the way up to $393,250. Keep in mind, you should also allocate additional funds to live off of while the L.A. Bikini Studios 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 L.A. Bikini Studios franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a L.A. Bikini Studios business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your L.A. Bikini Studios 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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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 2 0 0 2
2018 2 1 0 3
2019 3 1 1 4

Additional Details

How much does a L.A. Bikini Studios franchise owner make?

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

L.A. Bikini Studios unfortunately does not disclose financials on how much L.A. Bikini Studios 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, L.A. Bikini Studios 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 L.A. Bikini Studios franchisees. Do note that L.A. Bikini Studios 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 L.A. Bikini Studios franchisees to understand how much money they are making from their L.A. Bikini Studios business.

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

What is the L.A. Bikini Studios franchise fee?

Owning a L.A. Bikini Studios franchise requires 6% royalty fee and 1% 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 L.A. Bikini Studios Franchise Disclosure Document

Keep in mind, there is also an initial L.A. Bikini Studios franchise fee of $35,000 that is included in the initial investment amount of $279,760 to $393,250. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the L.A. Bikini Studios franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the L.A. Bikini Studios franchise fee of $35,000.

Visit the L.A. Bikini Studios 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 L.A. Bikini Studios founded?

L.A. Bikini Studios started offering franchises in 2015. L.A. Bikini Studios was founded 7 years ago in 2015.

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 L.A. Bikini Studios locations are in the U.S.?

As of 2020, there were 3 locations across the U.S. There are also 0 corporate locations. Most Health and Beauty franchises like L.A. Bikini Studios have more franchised locations than corporate locations.

How many L.A. Bikini Studios franchises opened over the past few years?

Over the prior 3 years we have data for, L.A. Bikini Studios has opened 2 outlets throughout the U.S. Visit the L.A. Bikini Studios metrics tab to explore how the openings compare to other Health and Beauty franchises.

How many L.A. Bikini Studios franchises closed over the past few years?

Over the prior 3 years we have data for, L.A. Bikini Studios has closed 1 outlets throughout the U.S

Visit the L.A. Bikini Studios metrics tab to explore how the openings compare to other Health and Beauty franchises.

Is L.A. Bikini Studios growing? Are they opening more locations than they are closing?

The net unit growth rate for L.A. Bikini Studios over the past 3 years is 50%. Over the last year we have data for, L.A. Bikini Studios had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the L.A. Bikini Studios growth rate compares to 2,000+ other franchises and Industry franchises like L.A. Bikini Studios. More info in the L.A. Bikini Studios metrics tab.

Is L.A. Bikini Studios franchise eligible for an SBA Loan?

L.A. Bikini Studios is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

L.A. Bikini Studios franchise was assigned the SBA Franchise ID of S2474 on 01/30/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like L.A. Bikini Studios 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 L.A. Bikini Studios a franchise in the United States?

According to the SBA, L.A. Bikini Studios 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 L.A. Bikini Studios provides you with an FDD if you are in discussion to buy a L.A. Bikini Studios.

What is the L.A. Bikini Studios Franchise for Sale Rate?

The L.A. Bikini Studios systemwide health and franchisee satisfaction can be measured by the L.A. Bikini Studiosfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

L.A. Bikini Studios franchise for sale rate over the past 3 years is 50%. Over the last year we have data for, L.A. Bikini Studios had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the L.A. Bikini Studios franchise for sale rate compares to 2,000+ other franchises and Industry franchises like L.A. Bikini Studios. More info in the L.A. Bikini Studios metrics tab.

What is the L.A. Bikini Studios Franchise Failure Rate?

L.A. Bikini Studios 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!

L.A. Bikini Studios failure rate over the past 3 years is 33%. Over the last year we have data for, L.A. Bikini Studios had a franchise failure rate of 33%.

Without a comparison, this number doesn’t mean much. Compare how the L.A. Bikini Studios franchise for sale rate compares to 2,000+ other franchises and Industry franchises like L.A. Bikini Studios. More info in the L.A. Bikini Studios metrics tab.

How can I find out more details on L.A. Bikini Studios franchise?

Visit the L.A. Bikini Studios metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

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

L.A. Bikini Studios

$336,505

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

L.A. Bikini Studios

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.

L.A. Bikini Studios

$35,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

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

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General

Industry

Health and Beauty

Category

Spa

SBA Identifier

S2474

Year of Founding

2015

Fees

Marketing Fee

1%

Royalty Fee

6%

Franchise Fee

$35,000-$35,000

Investment Range

$280K-$393K

Location units

Total U.S. Locations

4

U.S. Franchised Units

3

U.S. Corporate Units

0

Headquarters (City)

Hoover

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2015

Issuance of FDD Data

04/30/2020

Detailed Franchise metrics for L.A. Bikini Studios

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for L.A. Bikini Studios 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

L.A. Bikini Studios

0%

50%

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

L.A. Bikini Studios

0%

50%

Industry median

All franchises median

Unlock premium content

Failure Rate

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

 

1 year

3 years

L.A. Bikini Studios

33%

33%

Industry median

All franchises median

Unlock premium content

Business details

Company Name

www.mylabikini.com

Business email

**********@******.com

Mailing address

4441 Creekside Avenue Suite 129

State headquarters

Alabama

Owner Name

L.A. Bikini Studios

Phone

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

City

Hoover

Zip code

35422
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