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Waxing the City franchise financing options
Compare costs, fees and where to get financing for a Waxing the City.
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 feesWaxing the City franchise fees total around $37,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$32,500 to $42,500|
|Estimated total||$32,500 to $42,500|
Equipment feesEquipment fees total $51,479 for Waxing the City. This is less than the $180,023 average for the top 200 franchises.
|Furniture, fixtures and equipment||$31,421 to $42,264|
|Signage||$14,090 to $15,182|
|Estimated total||$45,511 to $57,446|
Real estate feesReal 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.
|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 feesWaxing the City initial training costs total $5,550, which comes in under the nationwide average of $9,788.
|Travel and living expenses while training||$5,000 to $6,100|
|Estimated total||$5,000 to $6,100|
Inventory costsInitial inventory for Waxing the City shakes out to $13,963. This is less than the nationwide average of $53,119.
|Initial inventory||$13,963 to $13,963|
|Estimated total||$13,963 to $13,963|
Marketing costsAdvertisement and marketing costs total up to $25,000 for Waxing the City, which is more than the nationwide average of $9,938.
|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 costsInitial 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||$2,450 to $2,650|
|Estimated total||$2,450 to $2,650|
Administrative feesWaxing the City administrative fees total up to $3,800 — which comes in under the overall nationwide average of $6,761.
|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 expensesMiscellaneous expenses for Waxing the City total $7,108 — less than the nationwide average of $69,970.
|Miscellaneous expenses||$7,108 to $7,108|
|Estimated total||$7,108 to $7,108|
How to financeSince the estimated total for Waxing the City is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Waxing the City franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Waxing the City about in-house financing for franchisees.
- 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.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- 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.
Compare small business lendersYou 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Waxing the City stacks upCompare 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 lineWaxing 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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