![]() ![]() Since future salons will be restricted to 5 or more suites, we have excluded the sales and expense data for any current salons with fewer than 5 suites. Historical Gross Sales Data for Franchised Outlets Projected Gross Sales, Expenses and Earningsĭisclosure from FDD: “The table on the following page presents information regarding the projected Gross Sales, expenses and earnings for the top 1/3 and bottom 1/3 of salons for 5-suite salons. “Gross Sales” does not include sales or use taxes, tips paid to your employees or amounts received and turned over to us or another administrator for the sale of gift cards, gift certificates and the like.” “Gross Sales” means all gross sums that you collect from all goods and services that you sell (including coupons, gift certificates and similar items), plus all other sums that you collect from the operation of your business, including the proceeds of any business interruption insurance. Historical Gross Sales Data for Franchised Outletsĭisclosure from FDD: “The following table presents information regarding the average, high, low and median Gross Sales for the top 1/3 and bottom 1/3 of salons for each of the subsets listed in the table above for 5 suite salons. The following table lists the number and allocation of franchised outlets as of December 31, 2018:” In terms of affiliate- owned LunchboxWax Salons, 3 were open 1 year as of 12/31/18, 2 were open 2 years as of 12/31/18, 1 was open 3 years as of 12/31/18 and 0 were open 4 years as of 12/31/18. Similarly, we did not include any data for our 3 affiliate-owned LunchboxWax Salons. The data for facilities with 3 and 4 waxing suites was excluded. Therefore, the financial performance data only includes data for facilities that have 5 waxing suites. Historically we allowed facilities with 3 waxing suites but we do not anticipate granting any more franchises for facilities with 3 waxing suites. However, on rare occasion we may allow for a facility with 4 waxing suites. Our current franchise model contemplates a facility with 5 waxing suites. Utility companies and government agenciesĭisclosure from FDD: “The following financial performance representation includes financial information about certain franchised LunchboxWax Salons that had been open at least 1 full year as of December 31, 2018. Utility Deposits, Business Licenses & Other Prepaid Expenses Technology Fee (first 2 monthly installments prior to opening)ģ0 days before through 90 days after opening Monthly (with security deposit paid beofre opening)Īt time you sign lease or purchase agreement for facility LunchBox Franchise cost ranges from $340,850 to $469,800 according to the 2019 FDD Cost Typesįood, Lodging & Travel (2 to 4 people while training) Potential for consumers to do services at their own home. ![]() Other nearby competition and growing national chains.Ĭonsumer preferring another type of hair removal, such as shaving or laser hair removal. In 2015 the beauty industry generated $56.2 billion in the United States (Statista). Hair Removal market is expected to report a steady rise at of 9% from 2017 to 2022 (Transparency Market Research).Ĩ4% of women in the U.S. Operates in a competitive environment with low barriers of entry. Reliant on skilled professionals to deliver the service that the customer expects. Has a strong brand since they have been in the market for a few years. ![]() Operationally simple with all the “waxologists” already with their certifications.Ībility to have a manager run the day-to-day of the business. They take great pride in helping franchisees succeed at running their own waxing business, assisting with everything from site selection to ongoing mentorship and comprehensive training.įranchise Health and Beauty Industry Analysis LunchBoxWax: Waxing Salon Franchise Strengths In 2010, she launched LunchboxWax, and in 2013, the company started awarding franchises. LunchboxWax CEO and Founder Debi Lane saw the need for a wax-only salon after owning and operating her multi-service day spa for years. Because waxing is all they do, their carefully selected and expertly trained “waxologists” are masters of their craft. From brows to bums, cheeks to chest, they help guests get smooth and stay that way for weeks. Offering a range of services to address any hair removal need. ![]() They are a full-service, speed-waxing salon that caters to both men and women who are selective when it comes to personal care. They have designed a proven waxing service that is followed up by specially formulated products to make the experience flawless – both at their salon and in client’s homes. LunchboxWaxis a premier waxing salon, they are extremely selective about everything from the employees to location. ![]()
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