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- 2022 Franchise 500 Rank
#394 Ranked #105 last year
- Initial investment
$243K - $502K
- Units as of 2021
113 242.4% over 3 years
Here’s what you need to know if you’re interested in opening a The Lash Lounge franchise.
The Lash Lounge is a lash studio franchise specializing in semi-permanent eyelash extensions. Founded in 2006 by Anna Philips, the company has a "passion for lashes." The Lash Lounge's training and professional take on beauty give the company an interesting edge in the industry. The company's founder is a forerunner in the lash extension field. Because of this, she built the company around training, expertise, and certification.
By 2010, The Lash Lounge was franchising and well on its way to establishing itself in the industry.
With an inclusive attitude, Lash Lounge gives any and everyone a low-maintenance beauty routine that keeps them coming back. Not only do they provide eyelash extension services, but The Lash Lounge also offers lash lifts, eyebrow and eyelash tinting, and eyebrow threading.
Why You May Want to Start a Lash Lounge Franchise
The Lash Lounge provides individuals from all career backgrounds with the opportunity to operate a business in the beauty industry. The common denominators between franchisees are a passion for the process, a high-energy entrepreneurial spirit, and a loyal and supportive attitude. If accepted as a franchisee, the company will train you in salon processes and business operations.
The Lash Lounge does not consider lashes a beauty trend and does not treat them as such. They believe that once a client is satisfied with the product, they will come back. This confidence drives the company forward.
What Might Make Lash Lounge a Good Choice?
Considering its business model, ranking in the industry, and the industry itself, The Lash Lounge may be an appealing choice for franchisees. The company has a unique set of characteristics, emphasizing low investment costs and employee requirements.
The Lash Lounge has been ranked in Entrepreneur’s Franchise 500 multiple times in the past few years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
The Lash Lounge's franchisees and employees are educated extensively to customize lash treatments for each client's needs. The result is an educated company with a professional reputation.
Franchisees do not have to be trained estheticians, cosmetologists, or the ones providing the service. Still, they will have to build their team of professionals and manage the business as "executive management."
How to Open Your Lash Lounge Franchise
To open a Lash Lounge franchise, you'll want to make sure you're financially ready with enough capital available for the initial investment, which will include a franchise fee and other potential startup costs. You should also request an information kit to read detailed expense reports.
There are opportunities across the country to franchise and own multiple units. The Lash Lounge also has resale opportunities. Consider whether you want to start your franchise from the ground up or take over an existing location. Regardless, The Lash Lounge real estate experts will help you locate the best spot for your franchise.
At some point, you'll receive the contact information of other franchisees. As an essential part of the research process, you can contact them and discuss their experience running a Lash Lounge franchise. The Lash Lounge has a support system that includes a free coaching program for franchisees and in-person consultation. Support doesn't end with start-up; it extends into daily salon operations as well.
About The Lash Lounge
- Franchising Since
- 2010 (12 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 113 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a The Lash Lounge 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.
- Initial Investment
- $242,699 - $502,345
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $2,500 off franchise fee or $10,000 off development fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty 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
- 10 years
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?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- The Lash Lounge 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
- Up to 78 hours
- Classroom Training
- 46-82 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- # of employees required to run
- 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.
Franchise 500 Ranking History
Compare where The Lash Lounge landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where The Lash Lounge ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to The Lash Lounge.
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