Waxcenter.franconnect (2024)

FAQs

How much money does a European Wax Center owner make? ›

The 2024 Franchise 500® ranks European Wax Center as #43 overall and the #1 franchise in the waxing category for its outstanding performance in unit growth, financial strength and stability, and brand power. The ranking is currently available for viewing on Entrepreneur.com.

In 2020, we rolled out a comprehensive upgrade for point- of-sale systems at each of the more than 800 EWC franchise locations. The Violet POS system, named to celebrate the unique purple color of our proprietary Comfort Wax, is powered by Zenoti, a leading cloud software provider in the spa and salon industry.

Siblings Joshua and David Coba, founded European Wax Center as single center in Aventura, Florida in 2004. In 2008, the siblings started franchising European Wax Center. David Coba acted as the Chief Executive Officer (CEO) for 14 years. In October 2018, David P.

Lunchbox Wax charges a franchise fee of $45000.

Total revenue of $221.0 million increased 6.6% from $207.4 million in the prior year. Same-store sales increased 2.9%. SG&A of $59.5 million increased 0.9% from $59.0 million in the prior year.

The total investment necessary to begin operations of a European Wax Center franchise is $349,600 to $553,950. This includes $62,000 to $65,350 if you are a new franchisee, or $53,000 to $56,350 if you are an existing franchisee, that must be paid to the franchisor or their affiliates.

As of 2022, the most expensive franchise to buy is the RE/MAX real estate franchise, with an initial investment cost of $37,500 to $225,000. KFC franchises come at a high entry price with an average start-up cost of around $1.3 million to $2.5 million.

How Much Should You Tip Your Waxing Expert? “Like any other service environment, gratuity is at the discretion of our guests, but 20% is standard and a good starting point,” says Helene Marie, waxing expert at European Wax Center.

How many European wax centers are there in the US? ›

At European Wax Center, we have 1000+ waxing salons across the United States that are all dedicated to the same cause - giving you the confidence to live life to the fullest.

Can I get a bikini wax or Brazilian if I'm having my period? Absolutely! Just keep in mind that your pubic area is often more sensitive during this time, so you may experience more discomfort than usual.

European Wax Center's competitors and similar companies include WOW Skin Science, Warpaint London, Rituals and L'OCCITANE.

Our Comfort Wax® was the inspiration behind the name of European Wax Center, because Europe is where we source our beeswax from to make our signature violet wax. In addition to beeswax, our Comfort Wax® is formulated with skin-soothing ingredients.

European Wax Center has been in business since 2004 and has been franchising for over 13 years. A strong values-driven business model. At EWC, we're proud of: Our devotion to genuine relationships.

One of the main reasons why owning a waxing business can be highly profitable is the low overhead. Unlike numerous retail businesses, the inventory needs are considerably lower, and you don't need to purchase and maintain expensive equipment. You do need to get the initial waxing supplies and reorder as needed.

System-wide sales of $955.0 million grew 6.3% from $898.6 million in the prior year, primarily driven by net new centers opened over the past twelve months and increased spend by guests at existing centers. Total revenue of $221.0 million increased 6.6% from $207.4 million in the prior year.

As per IBIS, the waxing and tanning market in the U.S. represented revenue of $4.69 billion in 2023 and is expected to grow to $5.44 billion by 2028.

David L. Willis has served as our Chief Executive Officer and a member of our board of directors since September 2023. Mr.