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- 2022 Franchise 500 Rank
#448 Ranked #236 last year
- Initial investment
$224K - $493K
- Units as of 2021
115 17.3% over 3 years
Here’s what you need to know if you’re interested in opening a Waxing The City franchise.
Waxing is a huge industry and it is not projected to go away any time soon. Waxing the City is a salon-style studio completely dedicated to body waxing. Waxing the City studios are all about superior training, customer service, and comfort.
Waxing the City was founded in 2003 and began franchising in 2010. It boasts over 100 U.S. franchises and is looking to continue to expand.
Clients may come back to their local Waxing the City for all their grooming needs. The company offers services for all skin types and waxing preferences. Some clients may ven create a subscription with the brands Club Orange to wax often.
Why You May Want to Open a Waxing the City Franchise
Waxing the City offers exclusive products that work hand in hand with their services. The sale of these products may give the franchisee a second revenue stream and allow customers to spread the word about the brand. One thing that may make this franchise stand out from the rest is the wax itself. Waxing the City uses wax that's custom-made in Spain and France. The wax is supposed to not only remove the hair, but also soothe and comfort the skin.
The staff at Waxing the City locations typically undergo constant instruction, education, and certification. To become certified, the staff receives multiple days of hands-on training. After that, they can opt for additional training with chances for advancement.
What Might Make a Waxing the City Franchise a Good Choice?
To be part of the Waxing the City 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, or renewal fees. Franchisees may also need to meet the company's set liquid capital requirements. Waxing the City may offer financing assistance through third-party financial lenders for franchisees who need it. Waxing the City has also updated its financing process for anyone who already has a studio and wants to expand with the Waxing the City brand name.
Waxing the City has been ranked in Entrepreneur’s Franchise 500 multiple times in recent years. The 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.
How To Open a Waxing the City Franchise
If you want to open a studio, you can start by submitting a franchise request form. If you are seen as a good fit for the brand, a franchise representative may reach out to you. If you are chosen to open a Waxing the City franchise, you will likely have support all along the way.
Waxing the City will walk you through everything from picking a great location to designing an outstanding studio. Your franchise support should include a web-based franchise support center. This center may provide you with real-time news, an online operations manual, a training curriculum, and more. You can also use the center to participate in conference calls and educational webinars.
About Waxing The City
- Franchising Since
- 2010 (12 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 115 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Waxing The City 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
- $223,965 - $493,428
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
- $5,000 off franchise 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
- 6 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
- Waxing The City 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
- 15-25 hours
- Classroom Training
- 24 hours
- Additional Training
- Ongoing, esthetician training
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
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.
Interested in franchise ownership like Waxing The City? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Waxing The City landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Waxing The City 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 Waxing The City.
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