Joining a top franchise in a growing, recession-resilient salon and self-care industry makes more than good sense. It makes dollars. And there’s room for a major player to develop. Read below to ensure you’re ready for the rise of Waxing the City®.
Total Initial Investment: $212,501 – $423,567**
Required Liquidity: $100,000***
Initial Franchise Fee: $42,500**
Our Franchise Disclosure Document (FDD) provides you with more in-depth information regarding the costs and expenses you can plan to incur when owning and developing a Waxing The City studio. These estimates are based upon franchisor and franchisee experience, but can vary by market or area of the country.
We have a host of financing partners and option available. Our in-house Director of Finance can help you understand how your capital position relates to investing with Waxing The City, as well as help you find the best avenue for financing your project.
The Waxing The City royalty fee of 6% of gross revenues per week is lower than other similar franchises.
This isn’t just a business, it’s your life. You get to decide whether you want to maintain a full-time job and designate a studio manager to run the day-to-day operations of your Waxing The City studio, or take them on yourself. You can also reap the benefits of one business, or profit even more from the ownership of many.
While the costs associated with opening a Waxing the City studio are typically lower than other concepts, we want to be upfront with you about what it takes to get your studio open. Below you’ll find a table that outline the range of costs you’re likely to encounter. Available at no cost to you, our financing department can help you identify and select products to help you finance your studio.
The following is an example range of upfront costs:
Initial Franchise Fee $32,500 – $42,500
Travel & Lodging While Training $5,000 – $6,100
Architect/Design Fees $5,000 – $8,000
Grand Opening Advertising $25,000
Insurance $2,450 – $2,650
Miscellaneous Expenses $7,108
Working Capital $55,251
Total $132,309 – $146,609
Furniture, Fixtures, Equipment $31,421 – $42,264
Office Supplies $3,800
Technology Expenses & Licenses $6,518 – $21,003
Signage $14,090 – $15,182
Initial Inventory $13,963
Total $69,792 – $96,212
Real Estate & Leasehold Improvements $11,400 – $180,746
Total project cost = $213,501- $423,567
Minnesota Franchise Reg. #F-7091. For New York residents: This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. This document is not intended for the sale of a franchise.