The beauty and waxing service industry is a booming, yet fragmented industry. If you want to invest in an award-winning, industry-leading brand, then look no further than the European Wax Center franchise. What sets the brand apart from the competition is the way that customers feel after receiving a service from one of the brand's locations. The brand was founded in 2004 and began franchising in 2006. Since then, it has expanded to hundreds of locations across the U.S. This is an attractive franchise opportunity because 65% of the brand's franchise owners have multiple locations. This means additional revenue for you and your business. Addiotnally, the support and training that is provided to you will ensure that your business succeeds. In terms of support and training, the franchise owner can expect a comprehensive training program that consists of 124 hours of on-the-job training and 35 hours of classroom training.
The support and training will last the entirety of your time with the brand. The average footprint of your location will be between 1,400-1,600 square feet. In terms of the initial investment, the franchise owner can expect it to range from $358,485 - $571,840. The owners can also expect a royalty fee of 6%. It is a a successful business model because of its devotion to forming genuine relationships, which contributes to the fact that about 80% of the brand's customers reputedly come back. This contributes to repeated streams of revenue. The franchise has been recognized as a top franchise by Entrepreneur Magazine, New Beauty Magazine, and may other industry processionals.