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Waxing the City franchise financing options

Compare costs, fees and where to get financing for a Waxing the City.

Overall costs for Waxing the City run anywhere from $140,332 to $166,567. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Waxing the City franchise may result in higher or lower fees.

Franchise fees

Waxing the City franchise fees total around $37,500, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $32,500 to $42,500
Estimated total $32,500 to $42,500

Equipment fees

Equipment fees total $51,479 for Waxing the City. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, fixtures and equipment $31,421 to $42,264
Signage $14,090 to $15,182
Estimated total $45,511 to $57,446

Real estate fees

Real estate will set you back $6,500 for Waxing the City, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Architect and design fees $5,000 to $8,000
Inspection fee Currently, up to $500 per failed inspection.
Estimated total $5,000 to $8,000

Training fees

Waxing the City initial training costs total $5,550, which comes in under the nationwide average of $9,788.
Training Cost
Travel and living expenses while training $5,000 to $6,100
Estimated total $5,000 to $6,100

Inventory costs

Initial inventory for Waxing the City shakes out to $13,963. This is less than the nationwide average of $53,119.
Inventory Cost
Initial inventory $13,963 to $13,963
Estimated total $13,963 to $13,963

Marketing costs

Advertisement and marketing costs total up to $25,000 for Waxing the City, which is more than the nationwide average of $9,938.
Marketing Cost
Grand opening advertising $25,000 to $25,000
Marketing materials Variable, but currently sold at the franchisoru2019s cost plus shipping.
Local advertising $1,500 per month.
Estimated total $25,000 to $25,000

Insurance costs

Initial insurance costs for Waxing the City run $2,550. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $2,450 to $2,650
Estimated total $2,450 to $2,650

Administrative fees

Waxing the City administrative fees total up to $3,800 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Office supplies $3,800 to $3,800
Technology fee Currently, $399 per month.
Audit Cost of audit.
Estimated total $3,800 to $3,800

Other expenses

Miscellaneous expenses for Waxing the City total $7,108 — less than the nationwide average of $69,970.
Other Cost
Miscellaneous expenses $7,108 to $7,108
Estimated total $7,108 to $7,108
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Waxing the City is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Waxing the City franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Waxing the City about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $153,450 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Waxing the City — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Waxing the City opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Waxing the City franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $140,332. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Biz2Credit business loans
$25,000
$250,000
6+ months in business; $150,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
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Compare up to 4 providers

How Waxing the City stacks up

Compare how Waxing the City holds up against two similarly sized franchises.
Amazing Athletes Waxing the City TGA Premier Golf
Average Franchise fees $23,500 $37,500 NA
Average Equipment fees $750 $51,479 NA
Average Real estate fees NA $6,500 NA
Average Training fees $1,750 $5,550 NA
Average Inventory fees NA $13,963 NA
Average Marketing fees NA $25,000 NA
Average Licenses and permits fees NA NA NA
Average Insurance fees NA $2,550 $1,525
Average Admin fees NA $3,800 NA
Average Personnel fees NA NA NA
Average Other fees $3,000 $7,108 NA

Bottom line

Waxing the City franchise costs run a total of $153,450. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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