European Wax Center

European Wax Center is a major chain of hair removal salons in the United States, founded and based in Aventura, Florida in 2004 and run through franchising.[1] It is the world's largest wax center brand with nearly 650 centers[2] across the United States.[3]

The salons typically are 1,200 to 1,400 square feet (130 m2) and employ 10 to 15 people.

The chain has over 500 locations in the United States.[4]

History

Siblings Joshua and David coba, founded European Wax Center as single salon in Aventura, Florida in 2004.[5] In 2008, the siblings started selling European Wax Center franchises.

Since the European Wax Center opened its first franchise in Florida in 2005, the company has opened more than 166 franchises,[6] with another 110 sold.

Franchises use a four-step waxing process.[7]

Recognition

Recently European Wax Center was named #1 of the Top 10 franchises and #82 on the list of fastest-growing companies by INC magazine in their annual INC 500 survey.[8] According to INC magazine, the franchise has experienced a 3-year growth of 2,924%.[9] In 24 months, European Wax Center grew from a local Florida-based business into a franchise giant with locations in 26 states.[10] In the Dallas market alone, expectations are to open 17 new locations,[11] by 2012. European Wax Center projects ending 2011 with a 362% revenue increase,[12] over 2010.

References

  1. ↑ Nick Halter, "Southwest Journal", December 2010,"", March 9, 2011
  2. ↑ http://www.waxcenter.com/locations
  3. ↑ "Living In Media", November 30, 2010,"Company Profile - EuropeanWax Center", March 9, 2011
  4. ↑ "Locations". European Wax Center. Retrieved 11 December 2011.
  5. ↑ Nick Halter, "Southwest Journal", December 2010,"", March 9, 2011
  6. ↑ "Living In Media", November 30, 2010,"Company Profile - EuropeanWax Center", March 9, 2011
  7. ↑ Nick Halter, "Southwest Journal", December 2010,"", March 9, 2011
  8. ↑ Inc.com, September 2011, "Top 10 Franchises", November 2, 2011
  9. ↑ Inc.com, September 2011, "", November 2, 2011
  10. ↑ "Kioli", November 2010, "", November 2, 2011
  11. ↑ "Biz Journals", September 2, 2011, "European Wax Center to Expand in DFW", November 2, 2011
  12. ↑ "Miami Herald", October 12, 2011, "European Wax Center to Expand", November 2, 2011
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