
European Wax Center
Body waxing services, skin and beauty products- 2023 Franchise 500 Rank
-
#32 Ranked #48 last year
- Initial investment
-
$350K - $554K
- Units as of 2022
-
893 22.3% over 3 years
Don't want another ripoff? Strip away your worries and follow the painless path towards the European Wax Center!
Since its founding in 2004 and subsequent franchising in 2006, European Wax Center has grown to over 750 locations in the United States.
Beauty and skin routines tend to include waxing. European Wax Center strives to help its clients to reveal their beautiful skin. The services offered may include body waxing, brow waxing, Brazilian waxing, facial hair waxing, and fast facials. This automatic diversification of revenue may result in a better chance of customer conversion.
The team may consist of specialists who maintain high hygiene standards and treat clients in a confidential manner. There is an opportunity for you to join this market leader and open a European Wax Center franchise.
Why You May Want to Start a European Wax Center
The European Wax Center can offer a luxurious experience to its clients. The company believes it is built on strong values that create and maintain good relations. The numbers do not lie, as the majority of clients return to the company for repeat visits. In a typical year, over one million services will be performed across the 750+ locations.
If you are looking for an opportunity to dive deep into the beauty industry, European Wax Center may be one of the best choices. Several times in recent years, European Wax Center has been ranked in Entrepreneur’s Franchise 500 and on its Fast-Growing Franchises list. These rankings are based on an evaluation of more than 150 data points that include areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
The growing demand and popularity of waxing services may provide an opportunity for you to tap into the beauty industry. The European Wax Center brand is strong, which may make it a good business for you.
What Might Make a European Wax Center Franchise a Good Choice?
You may be able to find support as a European Wax Center franchisee. Beauty is skin deep, and although you may initially have to dig deep into your pockets, you may enjoy a successful business.
To be part of the European Wax Center team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How to Open a European Wax Center Franchise
It takes just a few simple steps for you to open a European Wax Center. First, you can start by submitting an inquiry form. If you are deemed to be a good fit for the brand, you may soon receive further instruction on moving forward with the European Wax Center franchise.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the European Wax Center team. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a European Wax Center franchise, and you can get started with an initial investment and relevant training.
Enjoy the smooth path to quick, long-lasting results with a European Wax Center franchise and submit an inquiry form today!
Company Overview
About European Wax Center
- Industry
- Personal-Care Businesses
- Related Categories
- Waxing, Miscellaneous Personal-Care Businesses, Salon & Spa Services
- Founded
- 2004
- Leadership
- David Berg, CEO
- Corporate Address
-
5830 Granite Pkwy.
Plano, TX 75024
Business Overview
- Franchising Since
- 2006 (17 years)
- # of employees at HQ
- 110
- Where seeking
-
This company is offering new franchisees throughout the US.
- # of Units
- 893 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a European Wax Center franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $45,000
- Initial Investment
- $349,600 - $553,950
- Net Worth Requirement
- $1,000,000
- Cash Requirement
- $500,000
- Royalty Fee
- 6%
- Ad Royalty Fee
- 3%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- European Wax Center has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 124 hours
- Classroom Training
- 35 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 12
- Are exclusive territories available?
- No
Interested in ownership opportunities like European Wax Center? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where European Wax Center landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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