- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$159K - $249K
- Units as of 2022
13 160.0% over 3 years
LashBar is a salon that offers eyelash services, founded in 2016 by Lina and Joseph Mai. Since it started franchising in 2018, it has opened several units.
LashBar operates with certified aestheticians and cosmetologists. It offers two kinds of services: lash extensions, which provide clients with an enhanced look, and keratin lash lifts, which give lashes a natural curl together with a perm that lasts about 8-12 weeks.
LashBar offers different types of lashes to their clients, including:
Classic lashes, which may be the most common
Hybrid lashes, which combines classic and volume lashes
Volume lashes, which may be the most versatile
Mega-volume lashes, which may be the most glamorous
Why You May Want To Start a LashBar Franchise
Currently, LashBar is looking for new franchisees all over the United States and has exclusive territories available.
The ideal franchisee for a LashBar may be a person who enjoys aesthetics and beauty. A franchisee usually doesn't need any previous experience in the field to open a LashBar franchise. Franchisees typically receive a great deal of support from the LashBar brand throughout the franchising process and will make up for any knowledge you lack by offering training.
In addition to pre-opening training, LashBar franchisees may receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.
What Might Make a LashBar Franchise a Good Choice?
Opening a LashBar franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of the LashBar team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should 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 LashBar Franchise
Before making any financial commitment or signing an agreement with LashBar, it is crucial that you perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the LashBar franchising team questions.
Another part of this due diligence includes exploring your community to ensure a LashBar will perform well. Research the brand and your local area. Create a list of potential competitors and ideal locations for your franchise.
If accepted into the LashBar family, you typically will undergo corporate training. LashBar may provide new franchisees with several dozen hours of on-the-job training and another few hours of classroom training. They may also receive extended ongoing support, including online support, field operations, site selection, franchisee intranet platform, and vast marketing support providing national media, regional advertising, website development, social media, email marketing, and more.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a LashBar franchise.
|Franchising Since||2018 (5 years)|
|# of employees at HQ||7|
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
|# of Units||13 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a LashBar 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$159,200 - $248,900|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
|$350,000 - $500,000|
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
|$200,000 - $500,000|
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|10% off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||LashBar 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||26 hours|
|Classroom Training||24 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like LashBar? Request a free consultation with a Franchise Advisor now.
Curious to know where LashBar ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to LashBar.
- Body waxing services, skin and beauty products
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