Waxxpot

Everybody is welcome at Waxxpot. We help everyone feel better about themselves by providing the smoothest skin possible. When our guests feel better about themselves, they feel better about Waxxpot and will visit more frequently. The mission is simple - to make others feel better about themselves through fun, fast, and fanatical hair removal services. It is important for all of us to be passionate about what we do, kind in its delivery, and continue to strive to do it better. When we share this belief, clearly and consistently at all levels we all succeed.

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Waxxpot Franchise Cost and Requirements for 2024

Background

Every body is welcome at Waxxpot. We help everyone feel better about themselves by providing the smoothest skin possible. When our guests feel better about themselves, they feel better about Waxxpot and will visit more frequently. The mission is simple - to make others feel better about themselves through fun, fast, and fanatical hair removal services. It is important for all of us to be passionate about what we do, kind in its delivery, and continue to strive to do it better. When we share this belief, clearly and consistently at all levels we all succeed.

We offer hair removal services from head to toe. From brows to Brazilians to everything in between.
We uphold uncompromising high standards while providing a healthy workplace environment. We make time to better understand our clients and team members to create an authentic brand connection and we value the importance of how personal and professional growth will positively affect our culture and the success of Waxxpot.

What is important to our guests?
Convenience - located where your guests live and work.
Price - competitive pricing allows our guests to maintain an affordable waxing routine.
Time - provide quick results for the busiest of schedules.
Quality - exclusive formulas, quality products and training deliver our guests with lasting results.

Competitive Advantages

  • A refined approach to attract, retain, and reward the best aestheticians.
  • Infrastructure, including our expertise in data-driven real-estate site selection, lease and construction Management insights, strong financial controls, operational support, and exclusively sourced specialty waxes.
  • Simple booking process via Text, web, or phone.
  • Marketing program focused on micro-targeting and drives First Time Guests to the store, proprietary CRM system that allows real-time tracking of customer data including recency, frequency, and monetary values by customer and service, customer retention technology including our exclusive text automation text platform that centralizes customer communication and manages campaigns to micro-targets, and our proprietary two-way text platform that allows our stores to respond quickly and always on Waxxpot's brand voice.
  • We use soft wax where EWC and others use hard wax... It is gentler on the skin and is more effective pulling finer hair than hard wax (less breakage)
  • Proprietary 2 wax formula superior to competitors and speeds up waxing process
  • First to market to service men with brazilians and similar services
  • More diversified revenue mix of services than most competitors with brazilians/bikinis making up 40% of revenue
  • Attractive to clients that have never waxed before... 40%+ of new clients are new to waxing
  • Over 42% of clients return for monthly service
  • Over 70% of clients wax more than 4x/yr

Company Details

Established: 2014

First Unit Franchised: 2020

Industry: Out of Home Waxing

Franchise Units: 9

Affiliate Salons: 2

Company Owned Units: 13

Currently focused on US Development

Ownership Models: Owner-Operator & Semi-Absentee

Registered in Non-Registration States & MI

Support and Training Offered By Waxxpot

Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes

Confirmation Day Structure

2-Day event in Austin, TX

Initial Training

  • Owner Operations (virtual and onsite mix)
  • Owners HQ (virtual and onsite mix)
  • HR Compliance Modules (online)
  • Manager HQ (virtual and onsite mix)
  • Pre-Opening Management (onsite)
  • Owner Business Metric Training (onsite)
  • Pre-Opening Sales Training (virtual and onsite mix)

On-Going Support

  • Franchisee Business Reviews
  • Support in Creating Market-Wide Cohesion for Co-Op Initiatives
  • Detailed Report Reviews & Coaching
  • Bi-weekly Support Calls
  • Management Coaching & Mentoring
  • Virtual Meeting Support
  • Proactive Intervention on Operational Opportunities
  • 90 Day Check-In & Store Compliance Visits

Marketing Strategies

360? Marketing Hub

2024 Franchise Requirements Needed to Own a Waxxpot Franchise.

What does a Waxxpot Franchise Cost?

Waxxpot franchise fees for 2024:

Single Unit Investment Range: $233,150 - $449,000
Minimum Net Worth: $500,000 / Liquidity: $250,000
Franchise Fees:
1 Unit: $49,500
2 Units: $42,000
3 Units: $38,000
4 Units: $36,000
5 Units: $34,000
6 Units: $32,000
7 Units: $30,000 for all remaining

Royalty: 6%
Brand Fund: 2%
Item 19 Earnings Claims:
Average Revenue Across 12 Locations - Four Quartiles
75% of Reported Studios Showing 24%-39% Margins

First Quartile - Avg Revenue $1,104,618.21

Second Quartile - Avg Revenue $583,818.82 

Third Quartile - Avg Revenue $445,213.45

Fourth Quartile - Avg Revenue $309,621.57

Average Number of Employees: Generally, 1-2 Front Desk receptionists & 4-6 Waxing Technicians (start-up staffing), with additional staff added trhough business ramp.
Passive Ownership: No
E2/Visa Candidates: No
Home-Based: No
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: Yes; 10% off initial fee

Is Waxxpot a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Waxxpot is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Waxxpot a Home Based franchise?

No. Waxxpot is not a home based franchise opportunity.

What Do Waxxpot Franchise Owners Make?

This information is not available. Waxxpot does not offer an Item 19 in their Franchise Disclosure Document.

Is Waxxpot a Master Franchise Opportunity?

Yes. Waxxpot is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does Waxxpot Offer a Veteran Discount?

Yes. Waxxpot franchise does offer a veteran discount.

Does Waxxpot Work with E2 Visa and EB-5 Visa Candidates?

No. Waxxpot franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Waxxpot Looking for Franchisees in Canada?

No. Waxxpot franchise is not looking for Canada franchisees.

Is Waxxpot Looking for International franchisees?

No. Waxxpot franchise is not looking for International franchisees.

Where can I see Waxxpot's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Health, Beauty & Nutrition, Non Food Franchises

Number of Units Open

20-50 UNITS

Cash Required

More than $250,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

No

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Waxxpot Franchises for Sale

Click Here to inquire about existing Waxxpot franchises for sale. We may have Waxxpot franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.