In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for an Amazing Lash Studio franchise, based on Item 7 of the company’s 2023 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for an Amazing Lash Studio franchise, based on Items 5 and 6 of the company’s 2023 FDD

Section III – Number of franchised and company-owned Amazing Lash Studio outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD

Section IV – News updates on the Amazing Lash Studio franchise opportunity

Section V – Presentation and analysis of Amazing Lash Studio’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:

• 2022 average, median, highest, and lowest revenue for the top 10, top 3rd, bottom 3rd, bottom 10, and all 258 franchised Amazing Lash Studios in the U.S. that were open as of January 1, 2022, and operated throughout 2022

• 2022 average, median, highest, and lowest revenue for the 241 franchised Amazing Lash Studios in the U.S. that were open for at least one year as of January 1, 2022, and operated throughout 2022

• 2022 average, median, highest, and lowest revenue for the 189 franchised Amazing Lash Studios in the U.S. that were open for at least three years as of January 1, 2022, and operated throughout 2022

Section VI – Key ratios, comparables, computations, and analyses for the Amazing Lash Studio franchise opportunity (exclusive content for Platinum subscribers)

Section I – Amazing Lash Studio Franchise Costs

• Amazing Lash Studio franchise costs, based on Item 7 of the company’s 2023 FDD:

• Initial Franchise Fee:  $50,000
• Real Property, Utility, Security, and Other Deposits:  $3,395 to $14,028
• Leasehold Improvements (net of landlord tenant allowances):  $138,745 to $163,889
• Cabinetry and Millwork:  $19,125 to $25,000
• Initial Service and Retail Supplies Inventory:  $15,565 to $27,697
• Furniture, Décor, Lighting, and Other Equipment:  $20,576 to $23,230
• Initial Software Set-Up and Technology Fees:  $1,774
• Computer System and Other A/V Technology:  $24,903
• Training Program Costs:  $3,500 to $4,500
• Architect, Engineer, Drawings:  $12,600
• Grand Opening Spend Requirement:  $15,000
• Signage:  $6,426 to $10,000
• Office and Business Supplies:  $3,300 to $5,000
• Business Licenses and Permits:  $1,000 to $11,429
• Insurance (initial 20% payment):  $1,177
• Professional Fees:  $1,800 to $12,300
• Additional Funds (3 months):  $10,000 to $30,700
• Total Estimated Amazing Lash Studio Franchise Costs:  $328,886 to $433,227

Section II – Amazing Lash Studio’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Amazing Lash Studio’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:

• Initial Franchise Fee:  $50,000
• Royalty:  6% of Gross Receipts
• Brand Marketing Fund:  2% of Gross Receipts
• Local Advertising Fee:  $2,000 per month
• Local Spend Amount:  2% of Gross Receipts

Section III – Number of Franchised and Company-Owned Amazing Lash Studio Outlets

Franchised

2020

• Outlets at the Start of the Year:  238
• Outlets at the End of the Year:  258
• Net Change:  +20

2021

• Outlets at the Start of the Year:  258
• Outlets at the End of the Year:  266
• Net Change:  +8

2022

• Outlets at the Start of the Year:  266
• Outlets at the End of the Year:  276
• Net Change:  +10

Company-Owned

2020

• Outlets at the Start of the Year:  7
• Outlets at the End of the Year:  0
• Net Change:  -7

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

Section IV – News Updates on the Amazing Lash Studio Franchise

• Amazing Lash Studio Owners Find Strength in Brand’s Staying Power

• Amazing Lash Studio Owners Demand New Leadership After Forming Association

• WellBiz Brands Inc. Hosts UNITED Conference in Las Vegas, Showcases a Plan for Unstoppable Growth

• Businessman Awarded Five Amazing Lash Studio Franchises in Virginia

• WellBiz Brands Inc. Drives Continued Growth and Innovation in 2022

• Amazing Lash Studio Ranked No. 414 on Entrepreneur’s 2023 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Amazing Lash Studio Franchise (Item 19, 2023 FDD)

Franchised Studios Open as of January 1, 2022 and for One Year and Three Years as of January 1, 2022

• This Item 19 describes 2022 Average Revenue for three categories of franchised Studios in the United States that were open as of January 1, 2022, and operated throughout 2022: (1) all franchised Studios that were open as of January 1, 2022, and operated throughout 2022; (2) franchised Studios that were open for at least one year as of January 1, 2022, and operated throughout 2022; and (3) franchised Studios that were open for at least three years as of January 1, 2022, and operated throughout 2022.

• As of December 31, 2022, there were 276 franchised Studios in operation in the United States. Of those 276 franchised Studios: (A) 258 were open as of January 1, 2022, and operated throughout 2022; (B) 241 were open for at least one year as of January 1, 2022, and operated throughout 2022; and (C) 189 were open for at least three years as of January 1, 2022, and operated throughout 2022.

Part 1 – All Franchised Studios Open as of January 1, 2022

Top 10

• Number of Studios:  10
• 2022 Average Revenue:  $1,583,471
• Number and Percentage That Met or Exceeded the Average:  4 / 40.0%
• Same-Studio Average Revenue Increase (2022 over 2021):  0.4%
• 2022 Median Revenue:  $1,475,721
• 2022 Highest Revenue:  $2,013,424
• 2022 Lowest Revenue:  $1,312,974

Top 3rd

• Number of Studios:  86
• 2022 Average Revenue:  $1,054,955
• Number and Percentage That Met or Exceeded the Average:  32 / 37.2%
• Same-Studio Average Revenue Increase (2022 over 2021):  6.4%
• 2022 Median Revenue:  $979,167
• 2022 Highest Revenue:  $2,013,424
• 2022 Lowest Revenue:  $811,525

Bottom 3rd

• Number of Studios:  86
• 2022 Average Revenue:  $402,481
• Number and Percentage That Met or Exceeded the Average:  44 / 51.2%
• Same-Studio Average Revenue Increase (2022 over 2021):  6.2%
• 2022 Median Revenue:  $407,838
• 2022 Highest Revenue:  $537,057
• 2022 Lowest Revenue:  $154,607

Bottom 10

• Number of Studios:  10
• 2022 Average Revenue:  $254,672
• Number and Percentage That Met or Exceeded the Average:  7 / 70.0%
• Same-Studio Average Revenue Increase (2022 over 2021):  1.4%
• 2022 Median Revenue:  $263,107
• 2022 Highest Revenue:  $297,262
• 2022 Lowest Revenue:  $154,607

All Studios

• Number of Studios:  258
• 2022 Average Revenue:  $707,804
• Number and Percentage That Met or Exceeded the Average:  114 / 44.2%
• Same-Studio Average Revenue Increase (2022 over 2021):  7.3%
• 2022 Median Revenue:  $662,495
• 2022 Highest Revenue:  $2,013,424
• 2022 Lowest Revenue:  $154,607

Part 2 – All Franchised Studios Open Greater Than One Year Prior to 2022

• Number of Studios:  241
• 2022 Average Revenue:  $728,453
• Number and Percentage That Met or Exceeded the Average:  105 / 43.6%
• Same-Studio Average Revenue Increase (2022 over 2021):  5.1%
• 2022 Median Revenue:  $686,500
• 2022 Highest Revenue:  $2,013,424
• 2022 Lowest Revenue:  $230,889

Part 3 – All Franchised Studios Open Greater Than Three Years Prior to 2022

• Number of Studios:  189
• 2022 Average Revenue:  $760,992
• Number and Percentage That Met or Exceeded the Average:  85 / 45.0%
• Same-Studio Average Revenue Increase (2022 over 2021):  3.7%
• 2022 Median Revenue:  $713,078
• 2022 Highest Revenue:  $2,013,424
• 2022 Lowest Revenue:  $230,889

• Revenue figures in Item 19 are based upon actual data Amazing Lash Studio requires its franchisees to submit to it on a monthly basis and are defined in the same manner as Gross Receipts are defined under the Franchise Agreement.

• Specifically, as described in Item 6, “Gross Receipts” include all of your revenue and receipts, including those taken by cash, credit card, debit card, check, electronic funds transfer, ACH, trade, barter or exchange.

• Gross Receipts also include: (a) any other means of revenue derived from the operations of your Studio, including the sale of memberships, merchandise, or any products or services that are sold by you, whether sold at the Premises or from an off-Premises location; (b) all revenue from the sale or redemption of gift cards, in accordance with Amazing Lash Studio’s then-current System Standards; and (c) the gross amount of any business interruption or similar insurance payments.

• Gross Receipts exclude: (i) sales, use, or privilege taxes paid to the appropriate taxing authority; (ii) refunds that are provided to clients (not including chargebacks); and (iii) tips received from clients for payment to your employees.

• Amazing Lash Studio compiled this data using information submitted to it by its franchisees. Amazing Lash Studio did not audit or otherwise verify the accuracy of the information submitted. These revenues are based upon historical data.

• Some outlets have earned these amounts. Your individual results may differ. There is no assurance that you will earn as much.

Section VI – Amazing Lash Studio Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️