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Waxing the City costs and fees

The average cost to open one of the 200 biggest franchises in the US is $1,202,874 — see how Waxing the City compares.

Updated

Fact checked
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.

How COVID-19 affects franchising costs

Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to loans for businesses affected by the coronavirus.

Estimated initial costs

Our cost estimates are accurate as of 2019 from https://www.franchisedirect.com and include opening fees and expenses only. Your location 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 2019.

How to finance

The best way to finance Waxing the City comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
  • Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
  • Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
  • SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
  • Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
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

Data indicated here is updated regularly
Name Product Filter Values Min. Amount Max. Amount Requirements
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.
Fora Financial business loans
$5,000
$500,000
1+ year in business, $250,000+ annual revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
First Down Funding business loans
$5,000
$300,000
At least 2 years in business, an annual revenue of $300,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
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.
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
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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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