Amazing Lash Studio Franchise Cost, Revenue & Review 2026
- Investment
- $485K – $771K
- Disclosed sales
- $541K
- gross sales, not profit
- SBA charge-off
- 13.8%
- on 180 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Amazing Lash Studio is a personal-care franchise specializing in eyelash extensions, lash lifts, and brow services on a membership model. Franchisees run studios staffing licensed lash stylists and managing scheduling and retention.
FranchiseVerdict summary · 2026
A Amazing Lash Studio franchise requires a total initial investment of $485K – $771K, including a $50K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $541K[2]. SBA 7(a) loans show a 13.8% charge-off rate across 180 loans[1]. FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 8 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $485K – $771K
- 47th pct Personal Care…
- Avg gross sales
- $541K
- 16th pct Personal Care…
- Royalty
- 6.0%
- 12th pct Personal Care…
- Units
- 166
- 48th pct Personal Care…
- SBA charge-off
- 13.8%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Personal Care & Beauty · color = vs category peers
Green = favorable by >10% vs Personal Care & Beauty median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $485K – $771K including a $50K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $541K/year (median $508K).
- RISKVerdict D (Below average), verdict score 35/100 (higher is better). SBA loan charge-off rate of 13.8% across 180 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHNegative: net -36 franchised outlets in the latest year (5 opened, 41 closed); 1 signed but not yet open (Item 20).
- FLAG41 units terminated last reporting year (24.7% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Amazing Lash Franchise, LLC
- Parent company
- WBZ Investment LLC
- Ultimate parent
- KSL Capital Partners III, L.P. (and affiliated entities)
- Predecessor
- Amazing Lash Studio Franchise, LLC (ALSF)
- Prior franchisor entity
- CEO title
- Chief Executive Officer and Manager
- Amanda Clark
- Incorporated in
- DE
- HQ
- 1890 Wynkoop Street, Unit 1, Denver, Colorado 80202
- Auditor
- Grant Thornton LLP
- Audited financials
- Franchisor revenue
- $31.0M
- vs $29.3M prior year
Overview
About
- CEO
- Amanda Clark
- Headquarters
- CO
- Founded
- 2013
- FDD year
- 2026
- States available
- 27
Can you afford it, and what does the money buy?
Entry cost runs 56% above the typical personal care & beauty franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $65K | $100K |
| Equipment, build-out, other | $370K | $621K |
| Total initial investment | $485K | $771K |
Source: Amazing Lash Studio 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $485K – $771K
- Middle of category vs category
- Liquid capital req'd
- $65K – $100K
- Middle of category vs category
- Franchise fee
- $50K – $50K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $550 |
| Training fee | $6K |
| Transfer fee | $5K |
| Renewal fee | $13K |
| Inventory (initial) | $38K – $45K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales land near the personal care & beauty norm.
Source: FDD 2026 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Amazing Lash Studio until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$710K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Amazing Lash Studio unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
- Avg gross sales
- $541K
- Per unit, per year
- Median gross sales
- $508K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 160 outlets
- vs category median 38 · large
- Range (low → high)
- $97K→$1.3MCited, not corroborated — printed on page 59 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $300K→$840K
- Bottom 25% → top 25%
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 177 Personal Care & Beauty brands
Revenue is only 0.9x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $541K/year in gross sales. Revenue-to-investment ratio: 0.9x.
Fee burden
Total ongoing fee load of 8.0% (near the Personal Care & Beauty median).
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System contracting at -27.2% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Personal Care & Beauty medians
How Amazing Lash Studio Compares
Category median of published Personal Care & Beauty brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 166
- Opened
- 5
- Last reporting year
- Closed
- 41
- Terminated
- 41
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 24.7%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -27.2%
- Net unit change over 3 years
- 3-yr CAGR
- -27.2%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 41
- Not renewed
- 0
- Transferred
- 9
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 1
- 0.01 per open outlet · Item 20 Table 5
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 27 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Where the owners are · Item 20 owner list
160 current owners across 27 states.
- TX 48
- AZ 20
- FL 14
- CA 13
- NJ 7
- IL 5
- MO 5
- VA 5
- KS 4
- LA 4
- PA 4
- TN 4
- +15 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 180
- Loan volume
- $73.3M
- Median loan
- $372K
- 50th percentile
- Charge-off rate
- 13.8%
- on 180 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 86.2%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 37
- Defaults
- 16
- Typical loan rate
- 6.6%
- avg rate to borrowers
- Franchised industry avg
- 12.1%
- brand above franchise avg ↑
- Jobs supported
- 3,401
- 4.6 per loan
- Lender concentration
- 53%
- top lender's share
Borrower mix: 73% went to startups / new businesses, 27% to established operators
Franchise vs independent — in beauty salons, franchised businesses charge off at 12.1% vs 18.6% for independents — franchising is associated with 35% lower SBA default risk in this category.
Vintage analysis
Amazing Lash Studio charge-off rate by loan vintage
Top lenders financing Amazing Lash Studio franchisees
Showing 3 of 37 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Amazing Lash Studio from SBA 7(a) FOIA data.
- Principal loss rate
- 4.5%
- Avg SBA guarantee
- 75%
- Avg interest rate
- 6.62%
- Avg chargeoff amount
- $207K
- Lender concentration
- 52.8%
- Job velocity
- 4.6 per $100K
- NAICS benchmark
- 10.9%
- NAICS 812112
- Jobs supported
- 3,401
Top SBA lendersTop lender holds 53% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Simmons Bank | 95 | $36.7M | 16.9% |
| 2 | The Huntington National Bank | 8 | $1.9M | 0.0% |
| 3 | LendingClub Bank, National Association | 7 | $3.1M | 33.3% |
| 4 | Wells Fargo Bank National Association | 6 | $1.6M | 0.0% |
| 5 | The Bancorp Bank National Association | 6 | $2.5M | 0.0% |
| 6 | First Commonwealth Bank | 5 | $2.7M | 0.0% |
| 7 | Millennium Bank | 5 | $4.9M | N/A |
| 8 | Stearns Bank National Association | 4 | $1.5M | 0.0% |
| 9 | Citizens Bank | 4 | $1.2M | 0.0% |
| 10 | Capital Bank | 3 | $768K | 0.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 49 | 2 | 6.9% |
| CACalifornia | 26 | 5 | 22.7% |
| NJNew Jersey | 14 | 1 | 16.7% |
| AZArizona | 12 | 0 | 0.0% |
| FLFlorida | 12 | 1 | 12.5% |
| ILIllinois | 7 | 0 | 0.0% |
| PAPennsylvania | 7 | 3 | 75.0% |
| GAGeorgia | 6 | 0 | 0.0% |
| NCNorth Carolina | 6 | 0 | 0.0% |
| MDMaryland | 5 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 13.8% — 14% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Amazing Lash Studio shows critical warning signs: rapid unit contraction (-17.8%), hidden profitability metrics, extensive litigation portfolio, and franchisor financial concerns, making this a high-risk investment unsuitable for most franchisees.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Six completed cases involving current franchisor: Sayed arbitration (franchisee claims, franchisor prevailed); ALS v. Perry (breach/trade secret, settled $250k to franchisor); ALS v. Cummings (supply dispute, settled with termination); Ghaffar arbitration (supply/breach claims, summary judgment for franchisor then settled); Romeo arbitration (multiple claims, settled $150k to franchisor); ALS v. Angel1966 (supply dispute, settled). Additional predecessor (ALSF) matters also disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Grant Thornton LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Item 21 financials are consolidated for Elements Therapeutic Massage, LLC and Subsidiaries (affiliate that prepares the audited statements covering the WellBiz/WAVE brand family); Amazing Lash Franchise, LLC does not present separate audited statements. FY2024 total revenues $25,376,293 comprise Royalties $13,429,452, Franchise fees $800,965, Marketing revenues $8,436,149, Technology and other revenues $1,779,030 (reported as other_revenue), and Company-owned studio revenues $930,697. Net worth = total members' equity (incl. accumulated other comprehensive loss of $(68,701)).
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 35 / 100 verdict
- 01MEDUnit count declined 17.8% YoY (166 units), indicating system contraction and potential franchisee struggles
- 02MEDNo average net income disclosed despite $541k avg revenue — suggests franchisor is hiding profitability concerns
- 03HIGHSix separate litigation matters including trademark infringement, breach of contract, and joint venture disputes signal operational and relationship management issues
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 3 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Termination groundsℹ | 23 |
| Curable defaultsℹ | 6 |
| Mandatory arbitration | Yes |
| Arbitration location | Denver, Colorado (within 50 miles of principal place of business) |
| Jury trial waiver | Yes |
| Governing law | CO |
| Litigation count | 7 |
View Item 3 litigation summary
Six completed cases involving current franchisor: Sayed arbitration (franchisee claims, franchisor prevailed); ALS v. Perry (breach/trade secret, settled $250k to franchisor); ALS v. Cummings (supply dispute, settled with termination); Ghaffar arbitration (supply/breach claims, summary judgment for franchisor then settled); Romeo arbitration (multiple claims, settled $150k to franchisor); ALS v. Angel1966 (supply dispute, settled). Additional predecessor (ALSF) matters also disclosed.
Items 10, 11
Training & Operations
- Classroom training
- 31 hrs
- On-the-job training
- 24 hrs
- Training location
- Franchisee Training Studio or Colorado Support Center (virtual and in-person)
- Ongoing training
- Required
- Time to open
- 18 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
160 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Amazing Lash Studio franchise?
The total investment to open a Amazing Lash Studio franchise ranges from $485K – $771K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Amazing Lash Studio franchise owners earn?
According to Item 19 of the Amazing Lash Studio FDD, the average gross sales per unit is $541K. The median is $508K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Amazing Lash Studio?
Amazing Lash Studio is franchised by Amazing Lash Franchise, LLC. Its parent company is WBZ Investment LLC. The ultimate parent named in the FDD is KSL Capital Partners III, L.P. (and affiliated entities). Source: FDD Item 1, 2026 filing.
What is Item 19 in the Amazing Lash Studio FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Amazing Lash Studio FDD and qualifies whose outlets they describe.
What is Amazing Lash Studio's franchise failure rate?
Based on SBA 7(a) loan data, Amazing Lash Studio has a charge-off rate of 13.8% across 180 loans, meaning 13.8% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Amazing Lash Studio franchise locations are there?
As of their most recent FDD filing, Amazing Lash Studio has 166 total units in the United States, including 166 franchised units and 0 company-owned units. 5 new units were opened in the latest reporting year.
Is Amazing Lash Studio a good franchise to buy?
FranchiseVerdict rates Amazing Lash Studio as a D-grade franchise with a verdict score of 35 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.