Radiant Waxing Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$50,000
Investment required
$358,000 - $525,000
Royalty fee
6.00%

Radiant Waxing: Leading the Way in Premium Waxing Services

Radiant Waxing, originally known as LunchboxWax, was founded in 2011 and started offering franchise opportunities in 2013. The brand is well-known for its expertise in waxing services, setting itself apart in the beauty and wellness industry with its modern aesthetics and high-quality service.

The emphasis on a unique client experience is delivered by trained professionals known as waxologists. Operated by WellBiz Brands, Inc., Radiant Waxing underwent a strategic rebranding to broaden its market appeal. This shift was driven by consumer research to attract a wider audience in the expanding global beauty market.

The franchise model provides extensive support for franchisees, including assistance with site selection, salon design, training, and marketing. This robust support system is crafted to ensure the success and growth of franchise owners in the competitive beauty industry.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $50,000
Real Property, Utility, Security, and Other Deposits $5,000 - $15,000
Leasehold Improvements (net of landlord tenant allowances) $135,000 - $230,000
Cabinetry and Millwork $47,307 - $53,375
Initial Service and Retail Supplies Inventory $22,000 - $29,000
Furniture, Décor, Lighting, and Other Equipment $7,000 - $16,019
Initial Software Set-Up and Technology Fees $2,306
Computer System & Other A/V Technology $22,069
Training Program $3,500 - $4,500
Architect, Engineer, Drawings $12,600
Grand Opening Spend Requirement $15,000
Signage $5,000 - $14,883
Office and Business Supplies $3,000 - $5,000
Business Licenses and Permits $750 - $2,000
Insurance Premiums (Initial 20% Payment) $1,007
Professional Fees $1,800 - $12,300
Additional Funds (Three Months) $25,000 - $40,000
TOTAL ESTIMATED INITIAL INVESTMENT $358,339 - $525,059

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Number of units

2023
Franchised units

45

50

64

Company-owned units

2

2

0

Total units

47

52

64

Franchise Disclosure Document

Training 

Franchisees and their designated managers must attend and successfully complete an initial training program. This program is free of charge and can be completed at a certified franchisee training salon, the franchisor's Colorado Support Center, or another designated location. The training may also be provided virtually, either partially or entirely. The content includes the Operations Manual and other presentation materials, delivered by experienced personnel with significant expertise in the subjects taught.

Manager Training Program This program is available to franchisees or their designated managers before or after the salon opens. While attendance is currently optional, it may become mandatory in the future. The fee for this program is currently $500 per day per attendee, plus additional costs.

Annual Conferences & Regional Meetings Franchise owners are required to attend annual franchise owner conferences and may also need to attend regional meetings. Fees may be applicable for these events, and franchisees are responsible for their own travel and living expenses.

Remedial Training If franchisees or their managers do not satisfactorily complete the training program, remedial training may be required. This training is provided at a time and location chosen by the franchisor, and a fee is charged for it.

Additional and Special Training The franchisor has the authority to approve the length and content of all training programs provided to employees by the franchisees. Mandatory training programs for specific job positions, such as waxologists, are included to ensure compliance with System Standards.

On-Site Opening Assistance For new salons, the franchisor may send a training team for a minimum of five days to assist with employee training and ensure compliance with System Standards.

Territory Protection

The franchisor offers limited territory protection to its franchisees. Each franchisee is granted a "Protected Area," usually defined as a circular geographic zone with a 1.5-mile radius centered at their salon.

Within this Protected Area, the franchisor agrees not to own, operate, or authorize others to own or operate competing salons.

However, this protection is non-exclusive, meaning the franchisor retains certain rights to establish other businesses within the Protected Area under specific conditions.

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