Radiant Waxing
Body waxing- 2023 Franchise 500 Rank
-
#493Not ranked last year
- Initial investment
-
$363K - $538K
- Units as of 2022
-
64 45.5% over 3 years
Radiant Waxing (formerly LunchboxWax) was created in 2010 by founder Debi Lane. Radiant Waxing is a waxing spa that offers personal care in the form of waxing procedures, pre- and post-waxing care, and sells at-home products, all provided in a chic environment.
Radiant Waxing has locations across the country and is looking to expand its reach by enrolling more franchisees who meet their criteria. To become a Radiant Waxing franchisee, you should be passionate about running your own business and have a desire to impact your community positively.
Why You May Want to Start a Radiant Waxing Franchise
There are many reasons why you may want to consider starting a Radiant Waxing franchise. First and foremost, the company could offer you the opportunity to grow your business and be your own boss. Starting a Radiant Waxing franchise means that you will be part of a business that is already established. The business model of this franchise strives to provide the customer with fair pricing and a desire to return for more services.
Franchise locations may have a good chance at achieving repeat business, thanks to the natural 5- to 6-week growth cycle of hair. Another great differentiation is the technique, vibe, and culture of Radiant Waxing, which may put you a cut above the competition.
The goal of Radiant Waxing is to grow a team of purpose-driven, awe-inspiring people in a fun business setting. In a nutshell, this franchise looks to build a team who can carry on their mission of 'headstrong, heart-filled, and hand-crafted.'
What Might Make a Radiant Waxing Franchise a Good Choice?
To be part of the Radiant Waxing team, you should make sure you're financially ready for an initial investment made up of the franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Research the brand and your local area to see if a Radiant Waxing franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
How To Open a Radiant Waxing Franchise
To get you started with the Radiant Waxing franchise, you should submit a franchise inquiry form. If you are seen as a good fit, a franchise team member may reach out to you to gather more in-depth information. If you progress through the Radiant Waxing franchising process, the company may provide you with the brand's Franchise Disclosure Document. This document will allow you to view the company's ins and outs, giving you greater insight into the opportunity.
You may be invited to the Radiant Waxing discovery day that happens at company headquarters in Englewood, Colorado, where you may sign a franchise agreement, speak to current franchisees, and meet the executive team. After that, you may begin your comprehensive training.
Soon, you may find yourself opening the newest Radiant Waxing location and providing your community with wax for days.
Company Overview
About Radiant Waxing
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Waxing,其他个人护理业务,Miscellaneous Services,Salon & Spa Services |
| Founded | 2010 |
| Parent Company | Wellbiz Brands Inc. |
| Leadership | Jeremy Morgan, CEO |
| Corporate Address | 1890 Wynkoop St., #1 Denver, CO 80202 |
| Social | Facebook,Twitter,LinkedIn,Instagram |
More from Radiant Waxing
Radiant Waxing™, formally known as LunchboxWax®, is a brand managed byWellBiz Brands, Inc., a leading franchise brand management platform in the beauty and wellness space. The new name and radiant re-branding are the result of consumer research designed to maximize the potential of this exciting opportunity. Appealing to affluent female consumers, the Radiant Waxing brand is part of a global market projected to grow to over $12B by 2025. Insights have shown that the rebrand would reach up to approximately 40% more consumers. This was not done out of a desire to change an elevated waxing experience ‐ but to unleash the potential and bring it to more consumers. Now even more guests around the country will have access to year round radiance!
辐射打蜡品牌真正站除了the rest of the industry with its contemporary look and premium service experience. The sole focus on waxing allows salons waxologists to be the best of the best and focus on being a master of their craft. For guests, this translates to unparalleled services in a one-of-a-kind setting. For owners, this means an empowering and smooth experience. As part of the WellBiz Brands, Inc. portfolio, you'll have support every step of the way. This includes help with site selection, lease, construction, and design services. The brand provides pre-opening and ongoing training and assistance as well as marketing, operations, and recruitment support. The brand has perfected every detail of the franchise process, and can't wait to share it with you.
Franchise owners come from a variety of backgrounds and, the brand has developed a step by step process to help mutually explore our fit for each other. The Radiant Waxing brand was founded by a salon waxologist with the desire to help people grow! The brand does not require experience in franchising, waxing, or a background in beauty to qualify, but what you do need is a passion for delivering exceptional quality with an equally exceptional guest experience. The brands mutual evaluation process helps you learn more about the Radiant Waxing brand, as well as allowing us to get to know you and if you're a fit for the system.
The Radiant Waxing brand makes sure that everyone who walks into a salon walks out feeling radiant. A Radiant Waxing salon's mission is to make each guest feel comfortable, confident, and glowing. The brand is grateful that you've put your radiance in the hands of your local Radiant Waxing salon, and the brand shows it through an industry-leading experience, a smooth process that values your time, and best-in-class service that makes every guest feel like the only guest.
When you walk into a Radiant Waxing salon, you'll discover what the brand is all about. The brand is a believer in the power of looking and feeling exactly how you choose.
And every single day salons strive to be:
- Welcoming to every body.
- Innovators in the waxing industry.
- Skilled professionals in the waxingcraft.
- Easy to talk with.
- Respectful of individuality.
- Passionate about hair removal.
When it comes to opening your own business, you never want to go it alone. Luckily, you've got the Radiant Waxing brand to help you shine! The Radiant Waxing brand wants all franchisees to succeed and grow — that's why the brand offers comprehensive support every step of the way. From initial site selection to construction build-out, to daily operations and marketing, the brand is here to answer your questions and provide support through training and established practices. As a Radiant Waxing franchisee, you receive a complete business model with all the tools you need to be up and running in a way that's methodical and established (and fun). In other words, the brand will make it super-easy for you to open and operate your Radiant Waxing salon, and help your community members find their inner, and outer, glow!
The Radiant Waxing brand provides the following initial and ongoing training and support:
- Help find and secure a location
- Complete salon design, development and construction support services
- Full integration with the customized online booking and POS systems
- Comprehensive operations manual
- Pre-opening and ongoing training
- Tools and support to assist you in your waxologist recruitment, hiring and training
- 盛大开业计划和营销支持
- Ongoing marketing support and guidance including social media, public relations, direct mail and promotional materials
Business Overview
| Franchising Since | 2013(2023 - 2013years) |
|---|---|
| # of employees at HQ | 110 |
| Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
| # of Units | 64(as of 2022) |
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有限公司mation for Franchisees
Here's what you need to know if you're interested in opening a Radiant Waxing franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$50,000 |
|---|---|
| Initial Investment
|
$362,693 - $537,783 |
| Net Worth Requirement
|
$600,000 |
| Cash Requirement
|
$100,000 |
| Veteran Incentives
|
20% off franchise fee/development fee |
| Royalty Fee
|
6% |
| Ad Royalty Fee
|
2% |
| Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Radiant Waxing has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 113 hours |
|---|---|
| Classroom Training | 12-17 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
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No |
| Can this franchise be run part time?
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No |
| # of employees required to run | 10 |
| Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Radiant Waxing landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Radiant Waxing ranked on other franchise lists? Find out below.
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