European Wax Center
Bottom line
- Total investment $328K – $837K including a $45K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 412 loans (below the industry average).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one European Wax Center unit return on the cash you put in?
Unlevered ROIC · per unit
25%
Below typical band (30–60%)
Overview
About
Franchisees operate full-service wax centers offering body waxing, eyebrow, and hair removal services to walk-in and appointment-based clientele. Daily operations involve staff management (typically 3-8 employees), scheduling, inventory of waxing supplies, customer service, and facility maintenance in leased salon spaces.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 12 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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Mature wax center franchise with opaque unit economics, minimal growth momentum, and active litigation across multiple domains requires rigorous franchisee validation before committing $327k+ investment.
Score breakdown · what drove the 51 / 100 rating
- 01MINORNo Item 19 (Average Unit Volume) disclosure prevents accurate ROI assessment on $327k-$836k investment
- 02MINORStagnant unit growth (2.3% YoY) suggests market saturation or franchisee satisfaction issues in 1067-unit system
- 03HIGHMultiple active litigations including governmental investigation into non-poaching provisions indicate compliance/culture risks
- 04MINORHigh initial investment range ($509k median) with 6% royalty creates tight breakeven margins without revenue transparency
- 05MINORFranchise termination arbitration (Worley Wax) and vendor disputes signal operational/relationship friction
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
98 numbers
One-time purchase · CSV download · Validation questions included
FDD download
European Wax Center · FDD (2025) PDF