Waxing The City

Overview

Website: www.waxingthecity.com

Franchise Fee: $42,500

Royalties: 6%

Cash Investment: $150,000

Total Investment: $310,774 - $646,420

Net Worth: $350,000

VetFran: Yes

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: No

Additional Details

Waxing The City is similar to other beauty industry concepts only we are
removing hair from other parts of the body other than the head! WTC is a manager run, multi-unit
concept, that allows franchisees the ability to keep the safety and security of their full-time jobs, while
starting and growing the business, with an eye toward transitioning over to the business full-time once
their income is replaced, building a bridge to entrepreneurship that is highly sought after in today's
environment.
Keep full-time job
Manager run studios
Ability to open multiple locations
Limited time commitment
Technology enabled
Modest investment level $310K-$646K
160+ locations already open
Owned by a large multi-brand shared services franchisor with over 7,000 locations
WHY Waxing the City?
Semi-Absentee
Waxing The City is owned by Purpose Brands with over 7,500 locations
Brand and Business Segment are growing
OUR IDEAL FRANCHISEE
Good management & leadership skills
Good business & financial acumen
Ability to delegate and produce results through others
AVAILABLE MARKETS
US markets available: All except listed below
HOT Regions/Desirable: White Space open in all Major Markets w/exception of Houston, TX
NOT available: AK & IA
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 2003
Year Franchised: 2013
Number of franchises currently operating: 176
Number of International franchises currently operating: 0
Number of corporate owned franchises: 0
Home Based: No
Absentee ownership available: No
Semi-Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: 5-8
E2 Visa Friendly: Yes
FINANCIAL DETAILS
Franchise Fee: Single: $42,500
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: Single Unit: $310,774 - $646,420 Multi-unit: $310,774 - $646,420 x qty
Net worth requirement: $350,000
Royalty: 6%
Additional fees: Ad 2% Tech $ 799/mo
Financial assistance available: No
VetFran program: Yes
Veterans/Minorities/First Responders Discount? Yes, $38,250 Vet Franchise Fee
SUPPORT & TRAINING PROVIDED
Training and support program details:
Training is done virtually through our distance learning program. Training is for owners and managers an lasts three days but then we provide ongoing training as well and it's all
done virtually today.
Cost for Training: Included with Franchise Fee
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: No
Length of mentoring Franchisee: N/A
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Why Waxing The City?

Our Ideal Franchisee

Available Markets

Background

Year founded: 2003

Year Franchised: 2013

Home Based: No

Financial Details

Franchise Fee:$42,500
Providing Earnings Guidance in Item 19 in FDD:Yes
Total Investment Range: Single Unit: $310,774 - $646,420
Net Worth Requirement:$350,000
Royalty:6%
VetFran Program:Yes

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: