16 frequently asked questions answered with data from the 2024 Franchise Disclosure Document.
The total initial investment to open a Waxing the City franchise ranges from $325K to $604K (2024 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for Waxing the City is $43K (2024 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the Waxing the City 2024 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
No, Waxing the City does not require franchisees to have dedicated real estate (2024 FDD). This can significantly reduce startup costs and ongoing overhead.
View full investment analysisWaxing the City charges a royalty fee of 6.0% of gross sales (2024 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a Waxing the City franchise is approximately 8.0% of gross sales (2024 FDD). This includes the royalty fee, a 2.0% marketing/advertising fund contribution, a $799/month technology fee, and other recurring charges.
View full fees analysisWaxing the City has been involved in 0 litigation cases over the past 3 years (2024 FDD). There are no class action lawsuits pending.
View full litigation analysisNo, the Waxing the City franchisor has no bankruptcy filings in their disclosure history (2024 FDD).
View full litigation analysisWaxing the City offers protected territory rights to its franchisees (2024 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales are managed by the franchisor, not individual franchisees.
View full territory analysisWaxing the City currently operates 150 locations (2024 FDD) (150 franchised, 0 company-owned). The system grew by 12.8% over the past year. The 3-year compound annual growth rate is 8.3%.
View full growth analysisThe 1-year franchisee turnover rate for Waxing the City is 10.0% (2024 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisAccording to the Waxing the City FDD Item 19 financial performance representation (2024 FDD), the median gross sales per unit is $497K (average: $544K).
View full financials analysisThe initial franchise agreement term for Waxing the City is 6 years (2024 FDD). Franchisees can renew 1 time for 5-year periods. The total potential term is 11 years.
View full contract analysisWaxing the City's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 10 miles of the former location (2024 FDD).
View full legal analysisYes, Waxing the City's franchise agreement requires mandatory arbitration for dispute resolution (2024 FDD).
View full legal analysisWaxing the City provides 85 hours of initial training over approximately 2 weeks (2024 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, Waxing the City provides site selection assistance to help franchisees find the right location (2024 FDD). The franchisor also provides technology support and systems.
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